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Why Do People Start Small Businesses?

Why do people start their own small business? Among the top reasons cited was the desire to become their own boss. A survey found that individuals in countries with a strong sense of individual freedom were the most likely to start a new business. For example, entrepreneurs in the U.S. ranked being their own boss as the top motivator. This is a trend that continues to be seen today. However, there are also other reasons why people choose to start their own companies.

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Many Americans have grown up in paycheck-to-paycheck families. They’ve watched seasonal workers get laid off year after year. They see a need to create a new opportunity for these workers, and some are happy to help others by creating a business. Altruistic motivations are a good reason to start a small business, and can keep an entrepreneur motivated for years. For these reasons, many people choose to start a small business.

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The desire to create a better life for their family is a good reason to open a small business. A business can allow you to work at your leisure, provide for your family and have more money for fun. It may be the answer to a problem in the world or to a need in your community. It’s a great way to make your life richer. And you might even be able to pay for your hobbies, which you never thought possible before.

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