Few career goals can be as fulfilling as starting your own business. Among the top reasons entrepreneurs strike out on their own: To follow their passions, build something of value from the ground up, increase their earning potential, and create their own job security.

It's a popular choice, according to freelance writer and former accountant Mary Girsch-Bock, who recently wrote in an article for The Motley Fool that there were 3.2 million new business applications during the first three-quarters of 2020 alone.

"But where you start your business can be just as important as the type of business you start," Girsch-Bock concluded.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].