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 language | English |
|---|---|
| Pages (from-to) | 201-203 |
| Number of pages | 3 |
| Journal | International Journal of Business and Globalisation |
| Volume | 4 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2010 |
Fingerprint
Dive into the research topics of 'Who's wealthier : entrepreneurs or employees?'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver