MasterCard recently put its most recent survey results that showed 96% of small business owners find it important to manage their work-life balance. More than half of the respondents said that owning your own business makes it easier to balance than other workers. 83% said that they rarely or never miss important personal events because of work.
Some of the other findings on achieving work-life balance were:
- Not having enough money to meet business and personal needs (21 percent) and rarely being able to fully turn off from the job when they're away from it (16 percent) where the top factors noted as interfering with work-life balance
- Making enough money to meet or exceed business and personal needs (30 percent) and having flexible working hours (28 percent), were the top factors noted that help small business owners achieve work-life balance
- When asked what work-related factors best help them to achieve work-life balance, better organizing business and personal priorities (29 percent); and hiring and retaining competent employees that could assume some responsibilities (21 percent) were among the top factors cited.
- Sixty-one percent of small business owners said that they work between 8-12 hours a day
- Invest or save it (49 percent)
- Paying off personal loans and other debts (29 percent)
- Upgrades or improvements/expansions for your business (26 percent)
- Paying off business loans and other debts (27 percent)
- Purchase business equipment and/or supplies (25 percent)
- Donate it/give to charity (25 percent)
- Employees (i.e. increased salaries, improved benefits, bonuses, or time off) (20 percent)
Labels: hiring employees, MasterCard worldwide, organizing priorities, pay off business loans, purchase business equipment, small business survey, work-life balance
