When entrepreneurs list their principal reasons for launching a company, small business owners often cite being their own boss, flexibility in setting their working hours, and turning a commercial concept into reality as their main motivations. Now, new data identifies another incentive that may convince future entrepreneurs to take the plunge. According to a recent analysis by the Federal Reserve Bank of Minneapolis, the average self-employed person earns significantly more income during their career than people who work for someone else.

However, the report’s findings also note the widely varying levels of income among small business owners, and the length of time usually required before stronger earnings start flowing in. Those details may lead some less enterprising prospective entrep

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