Running your own business has its perks — more control, no boss and choice of working hours.
In the UK and US entrepreneurs are associated with startups. But in some countries, becoming self-employed is a necessity rather than a dream. You have to make your own opportunities when there are not many jobs available.
According to research by UK based business networking group Approved Index, the United States ranks 41st in the world for total number of entrepreneurs, who make up 4.3% of the population. Meanwhile, Britain ranks 37th with 4.6%.
The number is calculated by the percentage of the population that owns or co-owns a new business and has paid salaries or wages for 3 or more months.
The countries that made the top spots with the most entrepreneurs are going through a commercial revolution.
“In countries where the economy is poorer, or where unemployment rates are high, citizens turn to starting their own small businesses where they see opportunity,” said Trilby Rajna of Approved Index. “
I am South African and will never forget the makeshift cardboard photo booth pitched outside the traffic department in Cape Town.
“All that was needed was a camera, a portable printer and a plain wall. People like myself who had forgotten to bring ID photos along for their licence were queuing up outside. It was an excellent idea.”
Check out what countries made the list below»