This paper is divided into three parts. The first part considers a range of options from which self-employment can be created; the second part considers the personal, social, and economic changes involved in going out on your own; the third part reviews the key steps involved in starting up. (SSH)

Maintains that clarifying and evaluating risks is an essential element of education in economic decision making. Shows how common business management concepts of risk and opportunity can be applied to personal economic decision making. Provides a scheme for estimating the risk involved in undertaking new opportunities. (JDH)