Unfortunately, the vast majority of entrepreneurs don’t become wealthy. Research shows that most entrepreneurs go out of business. And most make less money as an entrepreneur than they would have made had they worked for someone else.
But the converse is true: Research shows that 80 percent of pentamillionaires (those with a net worth of $5 million or more) are entrepreneurs who grew and sold their companies. So, yes, if your entrepreneurial endeavor does pan out, you might become very, very rich.
– Dave Lavinsky is president and co-founder of Growthink (www.growthink.com), a national consulting firm and investment bank.
SEE ALSO: Groupon and four other firms thrived in recession. Their secret?
