Although survey responses of entrepreneurs vary to a certain extent regarding the number of hours they generally work, one thing is clear: these men and women work a lot. Aspiring entrepreneurs must keep that in mind as they dream of launching their business idea. They might follow some successful small business owners on social media and listen to interviews with people like David Johnson of Cane Bay Partners. This can help them learn how to achieve a certain amount of work-life balance even when they are traveling, marketing and juggling many projects.
A survey from The Alternative Board asked hundreds of entrepreneurs how many hours they work. Nearly 50 percent said they work 50 or more hours per week. A full 97 percent reported working weekends, with many saying they are always working. Forty-two percent take 10 or fewer vacation days per year, although most full-time employees receive 10 days of paid vacation after their first year and 15 days after five years.
Another survey, this one reported by Inc. magazine, found that 25 percent of small business owners work more than 60 hours each week, with 33 percent saying their workweek is between 50 to 59 hours. Although many of these men and women feel overworked, they wouldn’t want to trade what they do for becoming an employee who is only required to put in 38 hours. This survey also showed that 75 percent of respondents who go on vacation do some work during their time away.
Successful business owners are notoriously busy. All someone has to do is read about the stars of TV’s Shark Tank to become utterly mystified as to how these men and women fit everything into their schedule.
How does someone manage to work more than 40 hours per week, read for several hours every day, exercise for at least an hour every day and still have a fulfilling marriage and family life? Do they ever find time to sleep? Many successful business owners provide details on their morning and daily routines so people can learn how to be equally productive. It requires determination and streamlining the schedule.