Is Self-Employment Feasible for You?

Not everyone thinks going into business is a viable career option. But people in some countries think it’s a lot less feasible than their counterparts elsewhere.

The Japanese are particularly pessimistic about their chances of becoming becoming entrepreneurs. A Gallup Organization survey of 26,000 people aged 15 and older in 36 countries reveals that 87 percent of Japanese believe that becoming self-employed in the next five years is not practicable. At the other end of the spectrum are Icelanders, only 44 percent of whom think that going into business for themselves in the next five years is not possible.

What about Americans? While people in this country aren’t among the most pessimistic about their chances, they aren’t among the most optimistic either. The Gallup survey showed that Americans were twelfth of 36 nations in how feasible they think self employment is.

I thought that America was the land of opportunity and entrepreneurship was the American dream? So why don’t more Americans think starting a business in the near future is viable?

Percent Who Think Self-Employment in the Next Five Years is not Feasible:

Source: Created from Data in the Flash Eurobarometer

Scott Shane Scott Shane is A. Malachi Mixon III, Professor of Entrepreneurial Studies at Case Western Reserve University. He is the author of nine books, including Fool's Gold: The Truth Behind Angel Investing in America ; Illusions of Entrepreneurship: and The Costly Myths that Entrepreneurs, Investors, and Policy Makers Live By.