Why These Harvard Professors Recommend Buying a Business
Harvard Business School professors Richard S. Ruback and Royce Yudkoff believe strongly in the long-term benefits of entrepreneurship. While accepting a traditional consulting job may seem less risky in the short term compared to buying a small business, Ruback and Royce believe the stress levels of small business CEOs will be lower in the long run.
The following graph illustrates their theory:
According to their article, any anxiety associated with a small business search, purchase, and first years of uncertainty is worth the risk due to the long term benefits of being the CEO of your own company.
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To read the full article in the Harvard Business Review, click here.