With the economical crisis having affected even the most stable companies, it’s no wonder that those entrepreneurs who are at their first startup have some fears regarding the safety of their investment. As a matter of fact, many people with perfectly good ideas give up on their business plans and prefer to get employed because they were too afraid to take the plunge, as they saw so many reputable firms hitting bankruptcy. But the problems other businesses encounter are not the only reason why some may choose the safety or a regular job.

According to a survey which was conducted in 2012 for the European Commission by TNS Custom Research, 51% of the American people who were interviewed would rather be self-employed. In addition to that, 44% think they could go into business in the next five years. However, despite this high percentage of people who would like to run a company by themselves and follow their individual dreams, very few actually take the initiative. If we were to analyze the results of a different recent statistic concerning this matter, we would find out that only 6% of the adult population is self-employed.

“What are people so afraid of?”, you might ask! In the same TNS study previously mentioned, many of those who said they have considered opening a business in the past said that they gave up on the idea because they thought about the steps they should take and realized they were too difficult. This means that they gave up, before having to actually face the difficulties associated with any startup. The reasons why most of them decided to renounce is the fact that they realized they did not have a strong enough business idea.

The most disappointed participants to the survey were those who say trusted what their firm could have become, but could not accomplish much because they did not manage to raise enough capital. In addition to that, a significant percentage of the people in the survey said that they were afraid that did not posses the necessary skills, where as others were held back by administrative barriers.


The survey also contained a direct question regarding the fears associated with opening a business. When asked to identify the elements which scared them most about such an act, most common response included going bankrupt (38%), having to deal with an irregular income (37%). Not so many as we would have thought stated that they are afraid of personal failure or that they would lose job security. Actually, most of those who participated in the survey said that they would like to open a business, not mainly for the economical benefits, but for the fact that it does not resemble a regular job at all (no boss to juggle you around, no working hours, no more having to wait for specific day of the month to get your salary).

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