One-third of small business owners make at least three of the six major vacations in the United States. This is the conclusion of a survey conducted by the Kabbage Direct Finance Platform.
The new Kabbage survey reveals several work / life balance issues related to the sacrifices that small business owners are willing to make. The research consisted of interviewing 400 small business owners, with 67% of them stating that they planned to increase their earnings by the end of the year. More than half of the small business owners surveyed said they expect an increase in their incomes of 10% or more.
The survey found that 60% of small business owners take only one full annual vacation, while 23% take less than two annual holidays. In addition, on vacation, 75% of small business owners continue to work.
Small Business Owners Do not Take Vacation
In a press release on the survey, Victoria Treyger, head of Kabbage's recipes, spoke of the diligence and hard work that small business owners put into their businesses, so much so that they did not go out of their way. they are ready to give up their holidays.
"Small businesses are the heart of our economy and they deserve a great deal of gratitude – people who take service calls at midnight on Christmas Eve, work long hours, and give up what many people do." Americans take it for granted – they define whirlwind and motivation and go to great lengths to support themselves, their families, and their communities, "commented Treyger.
In addition to being willing to sacrifice holidays and spend time doing business during the big holidays, the survey found that almost half of small business owners use their personal savings to pay for different elements of their business. The tendency to rely on personal funds for budgets and business requirements is particularly prevalent among young entrepreneurs, with 75% of 25-34 year olds admitting to using their own savings.
The results of the study confirm that when it comes to running their own business, small business owners are motivated by diligence, hard work, and commitment.
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