Who's wealthier: Entrepreneurs or employees?

Michael Schaper, David Holloway and Hermina Burnett

International Journal of Business and Globalisation, 2010, vol. 4, issue 2, 201-203

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.

Keywords: entrepreneurship; asset wealth; employee income; personal wealth; wealth creation; small business owners; entrepreneurs; net assets; reinvestment; wealth protection. (search for similar items in EconPapers)
Date: 2010
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