Why Now Is the Best Time in History to Start a Business | Institute of Applied Psychology

Why Now Is the Best Time in History to Start a Business

The forces reshaping work have never been more in your favour — if you understand what they actually are.

Something shifted quietly in the way ordinary people relate to work. The lifelong job — one employer, one trajectory, one steady paycheque — has not disappeared, but it is no longer the assumed path. Survey after survey, in Australia and around the world, finds that a substantial majority of working-age adults would consider running their own business if circumstances allowed. The appetite is real. What is less clear, for most people, is what to do with it.

A few forces have converged to produce this moment, and they are worth understanding — because naming them helps you see that the conditions you are working in are genuinely different from anything that came before, and genuinely favourable in ways that the statistics alone do not fully capture.

Entreprenurial Mindset Coaching | Institute of Applied Psychology

The Structural Shift

The first force is structural: the digitalisation of almost every form of commerce, and the emergence of platforms that let an individual reach customers, accept payments, deliver products, and run an entire operation from a laptop. This is not a minor convenience. It represents a compression of the cost of market entry that has no historical precedent. Capabilities that once required a dedicated marketing department, a physical storefront, and a distribution network can now be assembled, by one person, for a few hundred dollars a month. The barrier to starting is genuinely lower than it has ever been.

The second force is cultural. There has been a softening — measurable across surveys, visible in the language of work — of the social signal that paid employment is the only respectable form of adult professional life. Being self-employed or running your own business has, in the span of a generation, shifted from an unusual choice that required explanation to a legitimate and often admired path. The cultural permission to start has widened considerably.

The Generational Lesson

The third force is generational, and it is perhaps the most significant. Cohorts that watched their parents weather the global financial crisis, multiple rounds of corporate restructuring, and the COVID-19 pandemic have absorbed a lesson that earlier generations had to learn more slowly: employment, as it turns out, is not security. The organisation can change its mind. The role can be eliminated. The industry can restructure around you while you are still inside it. The entrepreneur who answers to clients and customers has, in some important respects, more genuine security than the employee who answers to a single employer — because the entrepreneur’s portfolio of relationships cannot all be terminated at once.

“The entrepreneur who answers to many clients has, in some important respects, more genuine security than the employee who answers to a single employer.”

Push and Pull — and Why the Distinction Matters Less Than You Think

The entrepreneurship literature distinguishes between necessity and opportunity motivations — what the popular literature calls push and pull. Pull motivations are positive: you see an opportunity, have an idea, want the autonomy, want the upside. Push motivations are reactive: you have been made redundant, you are dissatisfied, you need to generate income. The empirical picture is that these two starting points tend to produce different early outcomes on average — opportunity entrepreneurs tend to start with more capital and more defined markets — but the distinction is not destiny.

A person who starts for reactive reasons can, with time and honest self-examination, develop the same strategic clarity, the same vision, and the same resilience that an opportunity-driven entrepreneur began with. What matters is not the origin of the motivation but what you do with it once you are in motion. The most unhelpful thing a reactive starter can do is perform a grander story than they actually have, because the performance costs energy that the business needs.

The Australian Advantage

For Australian readers, the structural conditions are genuinely favourable. Registering an ABN is free and takes under an hour. The regulatory environment for small business formation is, by global standards, among the most accessible. The cost of market entry in most service categories has never been lower. The domestic market is small but high-spending, and the cultural appetite for locally owned and operated businesses — visible in the success of a generation of Australian ventures built on quality, transparency, and a genuine customer relationship — is real and demonstrable.

None of this means the work is easy. It means the conditions allow it. Whether you are ready for what starting actually involves is a different question — and a more important one. The work of preparation is not pessimism. It is the thing that separates the businesses that last from the ones that don’t.

The Entrepreneur Mindset: Foundations and Practice for the Aspiring Business Owner (IAP Books, 2026).

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Child of War — book cover

In Memoriam

Gordon’s mother, Julia Young passed away recently. Her story lives on in the pages of Child of War, and we are grateful to be able to share it with you if it is of interest.

Child of War

We have a small number of paperback copies to share directly from the family.

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Posted anywhere in Australia, postage included
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Only a dozen locally produced paperbacks are available.

© 2026 The Human Professional. Published by the Institute of Applied Psychology (RTO #70206).

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