Catalog Home Page

Who's wealthier: Entrepreneurs or employees?

Schaper, M., Holloway, D.A. and Burnett, H. (2010) Who's wealthier: Entrepreneurs or employees? International Journal of Business and Globalisation, 4 (2). pp. 201-203.

Link to Published Version: http://dx.doi.org/10.1504/IJBG.2010.030669
*Subscription may be required

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.

Publication Type: Journal Article
Murdoch Affiliation: Murdoch Business School
Publisher: Inderscience
URI: http://researchrepository.murdoch.edu.au/id/eprint/7919
Item Control Page