Becoming an entrepreneur is a rational decision — and failing doesn’t hurt as badly as one might think, according to a new study from the Berkeley-Haas School of Business.
Research by Gustavo Manso, an associate professor in the Haas Finance Group, examined founders of innovative startups as well as small business owners such as restaurant owners — both successful ones and unsuccessful ones.
Even those who didn’t make it appeared to come out ahead in the long run, earning 10 percent more over their lifetime than those who didn’t venture into the entrepreneurial world, he found.
“It doesn’t hurt your lifetime prospects,” said Manso.
For more information and a link to the study, click here.