Are Entrepreneurs Really Happier than their Employees?
While mental health has been on our radar for quite some time, it took center-stage during the pandemic—especially in relation to our job’s impact on it. Working a corporate job can be cutthroat, stressful, and unfulfilling. But what happens when we move the microscope over to the entrepreneurs of the country? Are they feeling those same frustrations, or are they inherently happier than their employees? Entrepreneurs are faced with a slew of responsibilities that their employees will never have to worry about, so it would seem likely that this results in poor mental and physical health. That’s where you’d be wrong: Research has found that entrepreneurs are actually happier than their staff. Not only that, they’re healthier too. According to research from BMC Women’s Health, “Compared with wage and salary work, self-employment has been linked to more favorable cardiovascular health outcomes within the general population.” What is it that sets entrepreneurs apart? Why are they happier than the average CEO or employee? Let’s explore…
Autonomy and Control
Oh, the sweet luxury of being one’s own boss! One of the primary reasons entrepreneurs experience greater happiness is the unparalleled sense of autonomy and control they enjoy. Unlike employees who must adhere to the directives of superiors, entrepreneurs have the freedom to chart their own course, make their own decisions, and shape the direction of their ventures. This autonomy fosters a sense of empowerment and ownership, leading to increased satisfaction and fulfillment.
Pursuit of Passion
Entrepreneurs are driven by a deep passion for their work and a desire to bring their ideas to life. Whether they’re launching a tech startup, a boutique coffee shop, or a social enterprise, entrepreneurs are motivated by more than just financial gain; they’re driven by a sense of purpose and a commitment to making a meaningful impact in the world. This alignment between passion and profession fuels their happiness and gives meaning to their endeavors.
Creativity and Innovation
An entrepreneur, by definition, is pursuing their own dreams. This allows them to be creative, think outside the box, challenge the status quo, and innovate—all in order to succeed. Entrepreneurs thrive in environments that encourage experimentation, risk-taking, and continuous learning. The opportunity to unleash their creativity and bring innovative solutions to market serves to increase their satisfaction and joy, fueling their happiness and driving their success. Not to mention the satisfaction that comes from knowing you’re in control of any decisions being made.
Flexibility and Work-Life Integration
While the pandemic was a global tragedy on many levels, it did offer up one significant bright spot for many of the country’s average workers: We got to experience first-hand what it’s like to have proper work-life balance. The commute was gone, our families were home as well, and we could enjoy getting small tasks like laundry done during the day. Oftentimes, this is the standard for entrepreneurs; they enjoy greater flexibility and control over their schedules compared to employees bound by traditional work structures, and it’s this flexibility that lets them prioritize their personal and professional lives in a way that aligns with their values and overall goals. Whether it’s taking time off to travel, attending family events, or pursuing hobbies, entrepreneurs have the freedom to integrate work seamlessly into their lives, resulting in greater overall happiness and fulfillment.
If you were ever on the fence about starting a small business, perhaps these points will help solidify your decision to pursue it! Entrepreneurs, while still faced with challenges, are overall happier and healthier than the average worker or CEO. And thanks to the experts at ARF Financial, it’s easier than ever to secure the funding you need to start your own dream company. Stop by today to learn about our best-in-class loans and lines of credit. In just a few days you could have cash in-hand to start your dream business.
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