Economists argue that normal, rational people would never take the risks that entrepreneurs do. An article in the Gulf News Media of Dubai, United Arab Emirates, cites Olin economics professor Bart Hamilton’s research on the median earnings of entrepreneurs compared to median salaried workers as evidence that entrepreneurs must be irrational because they earn 35% less.
Prof. Bart Hamilton
A new longitudinal study begs to differ. It offers evidence that over several decades, earnings of entrepreneurs and salaried workers even out. Economists may have to admit that entrepreneurs aren’t so crazy after all.
Article: “The almost intangible quality of entrepreneurship”
10/14/15
Entrepreneurs do not work for a pay check, they work toward a goal. Money is just the way we keep score. Like points in the game. It when you do something big you buy a new watch or a nice car, to reward yourself. This type of person carries extra clothes in the car, can change to a suit while piloting a airplane. The sheer challenge of being more right. The thrill of leading people into not what was before, but what we make in the future. Christopher Columbus was not an explore, he was an entrepreneur. He got angle fund from the queen and king of Spain to test is early instructments, to find new and game changing world. I never worked for a. Pay check I work to get the job done. He work till he can’t. He works till he can’t see in the morning till he can’t see at night,