Leo Kanell Explains Why You Can Still Start A Business While You Have a Job

In the United States, less than 9% of the population are classified as business owners.  That's important because this group controls the majority of the wealth and makes the highest amount of income as well.  Often times we mistakenly think that wealth in this country is found with movie stars, professional athletes and famous singers, but in reality the majority of the wealth is controlled and earned by business owners.

In reality the old line that the "rich are different from you and me," isn't true just because they have more money, it's actually true because they have taken the risk to start businesses and reaped the rewards of their vision and massive actions.  Of the tax payers in the US that make over $1 million per year, over 72%, the vast majority have a business entity that files a separate tax return.  Of people who are considered the "super wealthy" meaning that they earn over $10 million per year over 9 in ten of them, an incredible 90% are business owners filing a separate business tax return.

So that said what should be the average person's thought process as they evaluate why the wealthy in this country are wealthy while the majority of people are not?  For starters, if you have never operated or owned a business you should take the plunge and try it.  Running a business requires an inordinate amount of time, focus and energy in order to succeed.  Many businesses fail, but for those entrepreneurs that succeed the reward is definitely worth the risk as they build wealth.  Wealth is the equivalent of true freedom in today's world, with capital you can increase not only your monetary contributions to humanitarian projects that matter, but more importantly your time also.  Indeed the freedom to control your time is probably one of the greatest benefits of wealth.

The conclusion is simple, if you want financial freedom and freedom with your time, then start a business.