Fortunately, being an entrepreneur has now become much easier thanks to new technologies and the internet, which have reduced the risk of setting up in business significantly. Lack of job opportunities has also driven entrepreneurial change and so made starting up your own business a much more attractive alternative.
One of the weirdest things about self-employement, is that nobody teaches you how to be self-employed. You just....do it. And make a lot of mistakes along the way. Over the last 17 years at the Freelance Coalface, I've learned a few really valuable things that, had I known them at the start, might have saved me a grey hair or 50.
They are more likely to be following the maxim, "Live longer, work longer," but how much work do they actually do? Being "self-employed" may seem preferable to being "retired" and definitely better than "unemployed," even if many of the self-employed are in tiny jobs, working only a few hours a week. In truth, some may be happy with that, but not all are.