The Bonus of Entrepreneurship: Exploring the Revenues, Resources, plus Economic Well-Thing of Entrepreneurial Domestics

Abstract

The monetary rewards and cost of entrepreneurship for the individual areunknown. Prior studies have focused on self-employment income estimates and have highlightedthe lower earnings that may be anticipated. The apparent financial illogicalityof entrepreneurship is classically explained in terms of non financial compensating factors, such as sovereignty and fulfillment. However, the financial rewards of entrepreneurship are versatile and include different types and amounts of rewards at different stages of the business life cycle. More accurate reflections of entrepreneurial rewards require researchers to move away from the use of narrow and static measures and instead focus on a broad setof indicators that collectively contribute to overall economic well-being. Entrepreneurial rewards are not only determined by business rationality, but are influenced by household needs that evolve over time. Hence, the analysis of entrepreneurial rewards requires an loom that captures the processes of reward decision making over the business life sequence while contextualizing reward decisions within the entrepreneurial household.