Divorce low, happiness high among Utah entrepreneurs
If you are an entrepreneur who is suffering through lots of sleepless nights, whose marriage is on the rocks and who hates everything about your business, you aren’t likely to be found among truly successful Utah entrepreneurs.
These are some of the conclusions of a recent survey of more than 100 of Utah’s leading entrepreneurs. According to the study, Utah entrepreneurs have low divorce rates, high levels of job satisfaction and no trouble sleeping six hours or more per night.
Forty interdisciplinary BYU students who were part of a course offered to non-business majors by the Marriott School of Business conducted the research. The class, basic entrepreneur skills for the non-business major, includes students seeking degrees in disciplines as diverse as photography, exercise science, German and microbiology. They took on the role of myth-busters after reading "The E-Myth Revisited," by Michael Gerber, one of three texts required in the pass/fail class.
This eclectic band of students contacted successful entrepreneurs who were identified by the MountainWest Venture Group as the founders of the 100 fastest-growing companies in Utah. The students also surveyed the Utah Valley Entrepreneurial Forum’s "25 under 5" category of business owners, which includes 25 entrepreneurs who are running highly successful companies and have been in business five years or fewer.
By Stephen W. Gibson
Brigham Young University
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