But despite the ups and downs of owning a business, many would still be up for the task: 53% of owners said they wouldn't take a job for the same or more money, and 41% said they'd never sell their business. The two main reasons for becoming an entrepreneur are basically the same now too. This year, 50% of owners cited schedule flexibility or being one's own boss, from 46% in 2007. Other reasons that came up in the poll: a feeling of accomplishment (16%, from 14% in 2007); making more money (10%, from 19%); needing a job (9%, from 8%), and some other reason (12%, from 11%).
The Discover Small Business Watch is a monthly index measuring the relative economic confidence of U.S. small business owners with fewer than five employees. That segment consists of 22 million businesses producing more than $1 trillion in annual receipts. The Watch is based on a national random survey of 750 small-biz owners.
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Michele Pepe-Warren was an editor and reporter for CRN and VARBusiness and has 10 years of experience covering the technology channel.