Small Growth Business
You know the expression “good things come in small packages.” The same sentiment can apply to small businesses too. Entrepreneurs don’t have to set their sights on building a mega-million-dollar business to enjoy a highly satisfying and lucrative entrepreneurial career.
Financially speaking, research has shown that small-business owners enjoy an average net worth that is three times that of their salaried counterparts. Business owners also tend to out-perform salaried employees in terms of higher annual incomes, savings, and stock portfolios.
Parents, college career counselors, and students should also take note that women are more likely to achieve $100,000-plus annual incomes faster through business ownership than average professional careers in law or medicine.
Even though business ownership offers considerable potential for financial reward, entrepreneurs still talk to me about their overriding desire to control their work destiny. They don’t want to work 18-hour days or feel chained to inflexible schedules that conflict with family and leisure interests. Their attraction to business ownership is more about creative pursuits and career flexibility than monetary gain.