Individuals who enjoy being their own boss may turn to entrepreneurship to start their own business. Although starting a company is a popular career choice among those with higher degrees such as doctorates and MBAs, there are still a number of people who start entrepreneurial endeavors without much education.

Another popular entrepreneurial trend has occured among those who have already been in the workforce and are looking to break out on their own, according to new findings released by the Global Entrepreneurship Monitor (GEM).

The report revealed that according to statistics for 2008, entrepreneurship increased by 7.8% in the 44-99 age range during the year.

According to the Boston Globe, it is believed that the shift in demographics of entrepreneurs could be a direct result of the economy. Many workers who were been let go might have wanted to look into other career options.

Similarly, women are beginning to enter the entrepreneurial market, looking to explore new business opportunities. According to the National Entrepreneurial Association, the number of women branching out to entrepreneurial initiatives increased by 1.4%, whereas males decreased by 0.9%.