Small business ownership is considered very risky by many. Most small business owners understand the risks they face, but often think working for someone else is even riskier.
Another set of data supporting this comes from the Ace Hardware Survey of Small Business Entrepreneurs. As the chart below from the study shows, small business owners feel they have more job security than being an employee by almost a 2-1 margin.
Of course those that have failed at small business ownership are not around to get asked the question. But it is still interesting that small business owners strongly see their jobs as more secure.
Another interesting finding of the research is that 41% of the small business owners surveyed felt that one of the greatest rewards of owning a small business is increased personal time. 73% also cited flexibility of schedule and independence.
So small business owners feel their jobs are more secure and they have more flexibility, independence and personal time. Sounds pretty good - if you make it.
Totally unrelated, I am a big fan of Ace Hardware. I'm home repair challenged and the folks at our local Ace store really are helpful.
Also unrelated is Ace is a co-op. Like many other trends thought to be new, business co-ops have been around for a long time. Ace is 85 years old.