The Park Place Economist


An article in USA today written by John Hopkins (2007) explains what it takes to be a successful self-employed person. Looking at the list of characteristics, education and experience are missing from the equation. What Hopkins lists as crucial is being a risk taker, knowing how to manage money, and even having the right genetics. The fact that education and experience are viewed by Hopkins to have minimal influence on the success of being self-employed is odd considering that those are some of most important factors for being successful according to economic theory which is later discussed in this paper, which is why I hypothesize that education and experience will have a significant impact on the success of a self-employed individual.