Take the leap — but know the dangers of Entrepreneurship

Even with a great product idea that has gained traction with customers, founders face stunning and daunting challenges. Entrepreneurs who are successful have taken significant personal risks to start and grow their businesses. Deseret News

Income of Utah’s self-employed fell by 20 percent in 2009

During 2009, the income of self-employed Utahns plummeted by 20 percent. That’s according to an annual census report released Thursday about “nonemployer firms,” or those without paid employees. Real estate agents, beauticians and construction contractors are examples.

The report said that overall income by nonemployer firms in Utah dropped from $7.9 billion in 2008 to $6.3 billion in 2009. Income declines came in every major industry type in the state. Nationally, income by such firms fell by 13 percent — or about half of Utah’s rate. Salt Lake Tribune 

Note: Data from the survey can be found by clicking here.