How many hours does the average small business owner work?

The majority of small-business owners say they work at least 50 hours per week, according to a recent poll — far more than the national average of 33.8 hours per week reported by the Bureau of Labor Statistics.

Are business owners happier than employees?

Despite dismal failure rates, long hours, low income, high stress levels and a host of other problems, entrepreneurs report consistently higher rates of happiness than wage-earning employees.

How do small business owners spend their time?

About 63 percent of business owners who took the survey said they worked at least 50 hours a week, spending most of that time answering emails, dealing with customers and managing employee issues.

What do business owners do all day?

Small business owners are responsible for sales revenue and the marketing to drive sales. Many owners, especially in the early years, also go on sales calls and help close sales. Owners may get involved in marketing, including establishing campaigns, placing ads, doing email marketing and social media marketing.

How happy are small business owners?

Thirty-seven percent of current and would-be small business owners rated their happiness a “10” on a scale of 1-to-10, according to a survey by small business lender Guidant Financial and LendingClub.

What makes small business owners happy?

Whereas many employees who work for someone else feel like just another cog in the machine, small business owners are more directly connected to their business. They take pride in the work, and the successes of the business feel more closely mapped to their efforts, which leads to greater creative satisfaction.

How much time do business owners spend on admin?

The survey found that the average small business owner spends only eight hours and 50 minutes on average per month on new business development, around one-quarter of the 33-plus hours they spend on administration.

How much time do entrepreneurs spend on their new business?

The average entrepreneur spends 68.1\% of the time working “in” their business—tackling day-to-day tasks, putting out fires, etc. —and only 31.9\% of the time working “on” their business—i.e. long-term goals, strategic planning—according to new research from The Alternative Board (TAB).

What does the average small business owner make?

According to PayScale’s 2017 data, the average small business owner income is $73,000 per year. But, total earnings can range from $30,000 – $182,000 per year.

How many hours a week do small business owners work?

It also found that 33\% of small business owners reported working more than 50 hours per week, and 25\% said they work more than 60 hours a week. That’s hardly the only study reporting those kinds of hours, either. Gallup found that 39\% of the owners they surveyed worked over 60 hours a week.

How hard do small business owners really work?

But how hard they work might scare some people off. One survey from New York Enterprise Report found that small business owners work twice as much as regular employees. It also found that 33\% of small business owners reported working more than 50 hours per week, and 25\% said they work more than 60 hours a week.

How many hours a week do entrepreneurs work?

Business Owners Work Twice as Much as Employees, Survey Finds. A new survey shows that 25\% of entrepreneurs log more than 60 hours a week. If it feels like your workday never ends, you can at least take comfort in knowing you’re not alone.

How often do small business owners check in to work?

According to a study from OnDeck, just 57\% of small business owners take vacations. And that vacation time tends to be far less than the traditional two weeks. And even when they’re on vacation, 67\% of small business owners will check in to work at least once a day. But it’s not all bad news.