Who's wealthier : entrepreneurs or employees?

Michael Schaper, David Holloway, Hermina Burnett

    Research output: Contribution to journalArticlepeer-review

    1 Citation (Scopus)

    Abstract

    Wealth creation is not necessarily a major outcome from owning your own business. Australian Bureau of Statistics data (2005–2006) reveals that employees earn slightly more in income than small business owners/ entrepreneurs. However, small firm entrepreneurs have significantly more net assets (wealth) than employees ($797,000 vs. $527,000). These findings occur because small business owners/entrepreneurs reinvest a lot of their business income back into the business itself. These entrepreneurs will need different business advisory services when considering future wealth protection strategies.
    Original languageEnglish
    Pages (from-to)201-203
    Number of pages3
    JournalInternational Journal of Business and Globalisation
    Volume4
    Issue number2
    DOIs
    Publication statusPublished - 2010

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