Does it Really Pay to be an Entrepreneur?

Since many of us were young, we have been raised on the idea that when we get older, we will work for a company with a boss, a set schedule, and yearly expected earnings. We will clock in, complete our work, and clock out. We will have to ask our boss for a raise, for time off, and for a change in our daily responsibilities. We will work until we are older thereafter we will retire to a comfy life of golfing and vacationing in Florida.

The less glamorous side of this working life that we imagined is that often, in an employee setting, one employee does more work than another. The boss won't grant all of the days off that we may have wanted to take, and our salary may not accurately reflect the work that we do or what we believe we're worth.

For those of us that have pursued an entrepreneurial workplace, there is generally a taboo around the uncertainty of entrepreneurship and those around us often will encourage us to just stick to convention and find a "stable" career elsewhere. In today's economy there isn't necessarily stability in any position. As a recruiter, I notice more and more often how many companies are still downsizing or closing due to economic hardship.

Forbes recently published an article titled "Does it Pay to Become an Entrepreneur?" In this article it states many compelling facts that suggest that more of us considering the employee workforce should much more seriously consider an entrepreneurial workforce instead. Entrepreneurs tend to make more than employees with a mean wage 50% higher.

How could this happen? Entrepreneurs control their environment. They make their environment work for them rather than the other way around. Not only are entrepreneurs more lucrative over time but they also enjoy their business much more. Of course you'll do what you love.

So, as an Entrepreneur, I would like to encourage everyone to at least pursue an entrepreneurial endeavor, just once to see if it could quite possibly be a great fit. It will be scary initially but give it time and it will pay off in happiness and of course in overall financial growth.