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Entrepreneurialism, by definition, knows no barriers, and adversity can be a precursor to opportunity. Impelled by the expectation of a shortfall in their finances, many of today’s entrepreneurs are smashing through age-old barriers and perceptions of what’s possible.

Adversity agitates for change

New findings show that the desire to become an entrepreneur can be more financially-driven than first realized. Xero’s Ageless Entrepreneur report shows that four out of five Australians over 40 feel pressure to look for additional streams of income as they look towards retirement. This can apply at the other end of the age scale too, with younger generations saying that worries about housing affordability are spurring them to set up their own ventures.

Image: Xero - Xero customer and cheesemaker Margie Parsons left the corporate world to pursue her passion.