Feeling overworked? You’re not alone
Thursday, June 26, 2008/
Nearly one third of small business operators are working more than 50 hours a week to keep their businesses running, a new survey reveals.
The Business Owner/RACV Business Insurance Small Business Issues Survey, which was made available online to businesses with less than 100 staff, also finds 12% of business owners clocking between 61 and 70 hours.
Only 10% say they’re working less than 20 hours, while just 14.5% say they are working between 31 and 40 hours.
But the report finds self-made workers are happier, with 75% of those surveyed saying they have a better work and social life balance after going into business for themselves, while 48% of respondents claimed this was the reason for starting a new enterprise.
Some of the main reasons stated for starting a new business include wanting to make money, being taken for granted by an employer, and wanting to create a service they felt was not being provided well enough.
Read more on work/life balance
Social media mishaps: Why businesses should think twice before cracking jokes online Catriona Pollard CP Communications founder
An ‘opportunity-hunting’ generation: Here's what millennial workers need and want Karen Gately Corporate Dojo founder
Spilling the beans: Why inviting someone to 'grab a coffee' is disingenuous and unnecessary Sue Parker DARE Group founder
The 10 most unemployable job titles on LinkedIn Ian Whitworth Scene Change co-founder
How Emily McWaters manages her Sydney-based business from Kangaroo Island Emily McWaters The Hamper Emporium chief
Why 'Orwellian' performance monitoring is crucial to building an ethical company culture Michael Kodari Kodari Securities chief