Start your own small business - Assignment Example

Small Business Small Business Every year several small to medium sized businesses are founded and some of these businesses expand and turn into large organizations. Individuals mostly have a choice to make while deciding about their future professional life. Some individuals choose to gain higher level education and work as employees and on the other hand there individuals who gain education and choose to start their own small sized businesses. There are several factors due to which an individual chooses to start their own small business instead of gaining employment.

One of the main reasons due to which individuals start their own business is that they want to operate independently and want to become the boss instead of being bossed around. These individuals do not prefer taking instructions from others. They believe that they are quite creative and can perform better by starting their own business. A research was conducted by Lange in order to identify the factors due to which individuals choose to be self-employed instead of working for another organization (Lange, 2012).

Lange identified that autonomy and independence were the main factors that were motivating these individuals to be self-employed. Another reason due to which individuals choose to start their own business is that the concept of job security is fading away. Brenner reports that fresh graduates have started perceiving that being an entrepreneur provides them with the feeling of job security (Brenner, 1991). This means that the previously held belief that an individual’s job is much secure when they are employed is fading away and now individuals believe that self-employment results in job security.

ReferencesBrenner, O., Pringle, C., & Greenhaus, J. (1991). Perceived fulfillment of organizational employment versus entrepreneurship: Work values and career intentions of business college graduates. Journal Of Small Business Management, 29(3), 62.Lange, T. (2012). Job satisfaction and self-employment: autonomy or personality?. Small Business Economics, 38(2), 165--177.