Are you positively itching to escape the day-to-day grind of your current corporate job? Are you yearning for something more, something you can call your own, and something you can nurture and grow – without having to start from scratch? If so, you’re not alone. Here’s what we mean:
Entrepreneurs Come from All Demographic Groups
A recent “Gusto” study of new American entrepreneurs found that workers quitting their jobs to launch their own new business spanned virtually all gender, age, and other demographic groups. For example, Gusto found that women accounted for roughly half of new business formations, surpassing the entrepreneurial endeavors of their male counterparts. (Of these women, 70% “who started a new business in 2023 cited flexibility as one of their top motivators.”)
Likewise, “new business creation among Black, Hispanic, and AAPI entrepreneurs remains elevated” as “entrepreneurs of color continue to drive the new wave of business creation.”
And a prior Gusto survey found that entrepreneurs forming their own new businesses included 48% who were aged 35 to 54 and 39% age 55 and up, illustrating that age and experience can be beneficial to entrepreneurship.
Making Entrepreneurship Easier for the Employee Compensation Professional
Of course, stepping out on your own can carry risks along with the considerable rewards. But if you are an employee compensation professional, taking that step can be a lot less scary thanks to Compensation Sense!
You see, Compensation Sense is the super easy (but also super comprehensive) turnkey system that empowers you to run your very own employee compensation consulting practice. With Compensation Sense, you won’t have to spend years creating everything you need to begin serving clients as an employee compensation consultant. Why? Because with our turnkey system, you’ll get a full suite of admin tools and standard operating procedures along with dozens and dozens of templates, documents, and best practice resources in 4 modules: Base Pay Programs, Market Benchmarking, Executive Benchmarking, and Bonus/Incentive Compensation.
We’ve designed it all to accelerate the launch and operation of YOUR consulting practice.
Key Takeaways
- Workers quitting their jobs to launch their own new business include professionals across virtually all demographics and age brackets, including 48% aged 35 to 54 and 39% aged 55 and up
- Stepping out on your own can be rewarding but, of course, can also carry risks
- Compensation Sense can help mitigate the risks as it also greatly simplifies, streamlines, and hastens the process of becoming an entrepreneur in the employee compensation space.
- Creating from scratch all the tools and resources you need to start an employee compensation consulting practice can take years
- With Compensation Sense, you get essential admin tools and standard operating procedures, as well as dozens and dozens of professional templates, documents, and best practice resources in 4 modules: Base Pay Programs, Market Benchmarking, Executive Benchmarking, and Bonus/Incentive Compensation.
Next Steps
To learn more about how Compensation Sense makes it fast and easy to scratch your entrepreneurial itch without “starting from scratch,” explore this website and then contact us at 317.589.8529 to begin a conversation about your future as an independent employee compensation consultant.
Cassandra Faurote, Founder and CEO
About Compensation Sense:
Compensation Sense is Your Ideal Turnkey System for Independent Compensation Consulting. If you are a Compensation Professional in Corporate, a Human Resources Professional with deep compensation experience, OR if you currently own an HR consulting business, Compensation Sense is designed to help you take control of your future as a Compensation Advisor.
[NOTE: The Compensation Sense opportunity is not currently available for consulting practices serving clients in the state of Indiana.]