Why do people start a small business?

“A journey of a thousand miles must begin with a single step.” – Chinese proverb

Most times, for one of the following four reasons:

Independence
They are tired of working for someone else.

Challenge
Small business ownership requires a great deal of responsibility. Some people thrive on that.

Prestige
Small business ownership offers community recognition. First as a successful
business operator, and later as a contributor to the economic and social welfare
of the entire community.

No Restrictions
There are no restrictions and few prerequisites for small business ownership.

Race is not a factor in small business. Neither is gender. As a matter of fact, women are starting small businesses at 6 times the rate of men.