It is a fact that the intention to start one’s own business emerges after a certain spell of paid employment. Most people who decide to become self-employed used to be employed in certain occupations beforehand. Hence, it seems that vocational and entrepreneurial choices are strongly interrelated. Particularly, working experience in certain occupations or occupation-specific labor market conditions may have an influence on the decision to become an entrepreneur. The contribution of this paper is to investigate the relationship between the characteristics of occupations, such as employment- and earnings risks as well as the occupation-specific self-employment rate, and the decision to become an entrepreneur.