Entrepreneurship and small business ownership are hot topics at the national, state and local levels. According to the Ewing Marion Kauffman Foundation, to world's leading authority on all things e-ship, "Financing entrepreneurship in the United States is a growing priority for a nation working to strengthen its economy."
This is obviously good news for aspiring entrepreneurs, but what does it take to become an entrepreneur or small business owner? What traits do you need to succeed? What is it like out there in the world of small businesss ownership? More and more, prospective entrepreneurs are choosing college for access to solid support structures and campus-based resources, including incubators, mentoring and networking avenues to potential funders. Entrepreneurship/Small Business at DCTC has all the above and more.
Bob Voss, the award-winning instructor of the program, has never discovered a single best way to start a small business. What Voss has discovered is that entrepreneurs can substantially increase their chance for success by learning the smart way to start a business.
“We’ve had hundreds of successful business owners emerge from our program,” Voss said. “Not one of them was equipped with a silver bullet for success, but they all had business plans based on intensive research and asking all the smart questions.”
Does it pay to become an entrepreneur?
In a word, YES. A Forbes article published January 2013 points to a report issued by the international Institute for the Study of Labor. "In short, the study found that the mean, median, and standard deviation of incomes for entrepreneurs—controlled for education, general ability (as measured by standardized test scores), and demographics (including age and parental income)—tended to be higher than those for good old-fashioned employees. And the difference is by no means small: mean income for entrepreneurs is almost 50% greater than for 'employees.'"
Potential Job Titles
- Business Owner/CEO/President/Chief Manager
- Direct Seller/Independent Business Owner/Sales Associate
- Independent Contractor/Sub-Contractor
- Average Salary: $63,000/year
- In 2009, 1 in every 9 workers in the U.S. was self employed. Salary data varies greatly and graduate incomes are expected to mirror national statistics with some students earning supplemental income while others make self-employment earnings their primary source of income.
* Source: Indeed as of Aug. 8, 2013