Who's wealthier: Entrepreneurs or employees?

M. Schaper; D.A. Holloway; H. Burnett

doi:10.1504/IJBG.2010.030669

Back

Who's wealthier: Entrepreneurs or employees?

Journal article

Peer reviewed

Who's wealthier: Entrepreneurs or employees?

M. Schaper, D.A. Holloway and H. Burnett

International Journal of Business and Globalisation, Vol.4(2), pp.201-203

2010

DOI: https://doi.org/10.1504/IJBG.2010.030669

Files and links (1)

url

Link to Published Version *Subscription may be requiredView

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.

Details

Title: Who's wealthier: Entrepreneurs or employees?
Authors/Creators: M. Schaper (Author/Creator) - Murdoch University
D.A. Holloway (Author/Creator) - Murdoch University
H. Burnett (Author/Creator) - Murdoch University
Publication Details: International Journal of Business and Globalisation, Vol.4(2), pp.201-203
Publisher: Inderscience
Identifiers: 991005541130607891
Murdoch Affiliation: Do not use- Former Murdoch Business School
Language: English
Resource Type: Journal article

Metrics

18 Record Views