TY - JOUR
T1 - Who's wealthier : entrepreneurs or employees?
AU - Schaper, Michael
AU - Holloway, David
AU - Burnett, Hermina
PY - 2010
Y1 - 2010
N2 - 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.
AB - 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.
UR - http://handle.uws.edu.au:8081/1959.7/547563
U2 - 10.1504/IJBG.2010.030669
DO - 10.1504/IJBG.2010.030669
M3 - Article
SN - 1753-3627
VL - 4
SP - 201
EP - 203
JO - International Journal of Business and Globalisation
JF - International Journal of Business and Globalisation
IS - 2
ER -