Entrepreneurs, beware: Owning your own business can make it harder to get hired later

By Jacob A. Waddingham, Assistant Professor of Management, Texas State University
Miles Zachary, Associate Professor of Management and Entrepreneurship Entrepreneurship, Auburn University

If you’ve been thinking about starting your own business lately, you’re not alone. Americans began launching ventures in record numbers during the pandemic, with an above-trend pace continuing through 2023.

Unfortunately, many of of these enterprises won’t last long: 30% of new businesses fail within two years, and half don’t last past five, according to the Small Business Administration.…

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