Startup founders, even ones who flame out, wind up with higher salaries when they re-join the salaried workforce, according to a recent paper from a researcher at the Haas School of Business at the University of California, Berkeley.
Over their lifetimes, study author associate professor Gustavo Manso found, entrepreneurs earn 10% more than their peers. And failed founders also land jobs faster, taking less of a financial risk while job-hunting.
“Would-be entrepreneurs may think they have a huge chance of failure and will be sacrificing earnings for the rest of their lives, but it’s not true,” Manso said in a statement. “Even if the business fails, entrepreneurs don’t suffer as much since they are able to quickly transition to the salaried workforce.”
So go out and start that business: Even if it doesn’t work out, you’ll likely be fine in the long run.
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