Small Business Owners
Entrepreneurs are the heartbeat of their local economy, and their experiences will benefit future generations. According to the U.S. Small Business Administration, our country has nearly 30 million small business owners. Regardless of the industry, business owners work hard and invest tremendous time and personal finance to build their businesses.
The time entrepreneurs devote to their businesses extends beyond regular working hours. The small business commitment requires significant sacrifice as owners must consistently balance their personal and professional lives. The future can often seem uncertain for small business owners, and most will wonder if the gift is worth it.
Here’s a look into some of these sacrifices:
Entrepreneurs’ Responsibility
Being the boss comes with hefty responsibilities. Small business owners are solely responsible and accountable for all aspects of their business. This extensive responsibility can be stressful, overwhelming, and even distracting.
Lack or Loss of Personal Time
Most entrepreneurs work over 50 hours a week and often work the weekends. It’s not uncommon for business owners to miss things like nightly family dinners and other types of social events. Most only take time off for necessary doctor appointments and even less time off for a vacation.
Financial Strain and Stress
Business owners don’t become rich overnight. In fact, they often don’t receive a steady paycheck. Entrepreneurs often have to dip into their personal savings to cover business expenses. To help grow their business, owners have extra cash; they typically reinvest it into the company instead of paying themselves.
Despite business owners’ sacrifices, their drive to succeed and passion for what they do keeps them committed to their entrepreneurial dreams. By maintaining a healthy balance, owners can invest in the future of their business and personal life at the same time.
