Starting a business doesn't make most people rich, but it makes many people happy. Despite appalling failure rates, long hours, low incomes, high stress levels, and a host of other problems, entrepreneurs report consistently higher happiness rates than salaried employees. Happy businessmen at a meeting supporting each other. The researchers focused especially on the extent to which entrepreneurs felt that they possessed “positive energy and a state of physical and mental life”.
You don't have to be an entrepreneur to think like an entrepreneur, in other words, and if you do, you should see a boost in your mental and physical health. The data supports his claim, as it is revealed that entrepreneurs are planning to increase capital investments, hire staff and increase the use of low-cost methods such as social media to attract new customers. For this reason, entrepreneurs can go from anger to optimism, from fear to delight, from anger to passion and everything else on the emotional spectrum every month. Eventually, after building experience as an entrepreneur and developing a team around you, you'll reach a point where you'll stay in the visionary most of the time.
People who are entrepreneurs own their decisions and take calculated risks, not crazy ones, to achieve their goals. One of them is the “commitment to purpose in life, since entrepreneurs are not limited by the rules and procedures of the employer, which frees them to “pursue activities and goals that they find personally meaningful and satisfying”. The study shows that fewer entrepreneurs are concerned about their ability to save for retirement (45 percent, up from 53 percent in 2011). While there are some entrepreneurs who suffer the stress of starting a startup, science says that, on average, entrepreneurs are happier and healthier than employees.
Those who ran their own businesses were the happiest of graduates, no matter how much money they made. But speaking of happier things, I think that all the things that an entrepreneur has to deal with are what make him always think about how to solve problems. Chances are you'll work for a living to build a career and potentially gain some level of happiness in the process. It is something that characterizes entrepreneurs and self-employed people much more than those of us who are salaried workers.
While it's a good corrective to know that entrepreneurship stress probably won't necessarily hurt your health and happiness, it's also important to note that these findings aren't just a good reason for founders to gloat. Although they laugh, entrepreneurs don't laugh until the bank, because the average earnings of self-employed workers in the UK are lower than those of salaried workers. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them.