Why it feels harder than ever to start your own business

A new report from the Committee for the Economic Development of Australia (CEDA) has found the creation of new businesses has been steadily declining, with the proportion of business owners as a share of the workforce at an all-time low. Between the sky-high costs of starting out and the ongoing burden of regulatory compliance and admin required to keep things running, the barriers are holding prospective business owners back. So when the odds are stacked against you, what keeps people going?