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Economic News

Weighing employment versus self employment and making the leap

A shifting economy

Unemployment remains high in America despite political efforts to improve the stats, leaving a high number of people finding ways to make ends meet and a rising number of former employed turning to self employment. Many people are even leaving perfectly good jobs to chase their dream of being an entrepreneur, but it’s much more complicated than simply waking up one day with an idea and quitting your job.

The infographic below produced by Lendio.com digs deeper into the data to compare the risk of starting a business against keeping your day job. Entrepreneurship is not as glamorous as some people think, and in addition to the information below, we would add that there are additional factors to weigh, including the ability to commit time and resources and whether or not your personality type is equipped for self employment (or heck, if you’re unemployable, you might not be suited for traditional employment).

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Written By

Marti Trewe reports on business and technology news, chasing his passion for helping entrepreneurs and small businesses to stay well informed in the fast paced 140-character world. Marti rarely sleeps and thrives on reader news tips, especially about startups and big moves in leadership.

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