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One in four female small business owners has taken a pay cut in the past year, according to new research.<br/><br/>The survey of 1,000 female small business owners examined how their experience has shifted in the past year and found that the down economy has forced a quarter of these business owners to cut their own pay to keep their businesses afloat.<br/><br/>For those small businesses that have been open for at least a year, many have also raised the price of their product or service (37%), and more than a quarter are actively seeking less expensive resources (27%).<br/><br/>Conducted by Talker Research for Office Depot, the survey found that 53% of female business owners said the past year has been the hardest for their business.<br/><br/>In 2023, respondents expressed challenges with funding (42%) and growing their business (30%), which continue to be the top struggles this year (39% and 30% respectively).<br/><br/>Experiencing fatigue was more of a pain point last year (23%), while marketing is proving to be a greater challenge this year (25%).<br/><br/>However, hard work has paid off for many female small business owners this year, allowing them to reach their 2023 goals: growing profit (goal of 59%, achieved by 26%), gaining more customers (goal of 53%, achieved by 41%) and expanding their business (goal of 28%, achieved by 12%).<br/><br/>And to keep the momentum going, respondents predict they’ll continue to uplevel and succeed through continued revenue growth (63%), gaining more customers (54%) and business expansion (27%). <br/><br/>But success is also about a lot more than dollars and cents. Twenty-one percent of respondents said success is all about making a positive impact in their community and a fifth (21%) included innovation as a success marker.<br/><br/>And while the next year looks to be more positive for female small business owners, there will still be challenges to overcome, with inflation (39%) and funding (25%) serving as the top concerns.<br/><br/>To overcome these challenges, female SBOs are throwing themselves into their work more often — but how much is too much?<br/><br/>Work-life balance improvements have slowed by 15% since last year, as only this year, 58% said their work-life balance has improved since becoming a business owner, compared to 73% who said the same last year.<br/><br/>Women surveyed feel they need to choose between their family and their profession multiple times every month, while one in eight feel this way every week.<br/><br/>And overall, 42% said being a business owner has made it more difficult to balance their outside work responsibilities.<br/><br/>To better balance their work and family life, those surveyed are committed to “cutting back on working hours,” “taking time for quiet reflection” and “being willing to take a day off as necessary.”<br/><br/>For respondents who set up their business in the last year, top reasons include wanting to be one’s own boss (59%), deciding to pursue a passion or hobby (46%) and drive to put an idea into action (41%).

Survey reveals how female small business owners measure success

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metageektrent

Ekahau Site Survey Professional: Hybrid Site Surveys

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Site Survey With Ekahau Training

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Shouzou and Ine Saitou have been happily married for as long as they can remember. Even in their old age with wrinkles and cracking limbs, the strength of this love is evident by their precious bond. And then, randomly one day, they wake up to find they are young again! Despite their newfound youthful and attractive bodies, Shouzou and Ine remain the same as ever. Jiisan Baasan Wakagaeru follows the young old couple as they go about their daily lives, spend time with family, and defy the expectations of the youngsters.

Grandpa and Grandma Turn Young Again Ep. 06 (English subbed)

⏲ 23:40 👁 875K

2GuysTek

This $10k Device Uncovers ALL Wi-FI Secrets!

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Ekahau Wi-Fi Design Tools

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Crazy customisations, cracking them open with hammers and carrying them to other companies...

10 More Strange Things WWE Champions Did With The Belt

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Ekahau Wi-Fi Design Tools

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New polls show former President Donald Trump leading President Joe Biden among voters in 5 key swing states - Michigan, Arizona, Nevada, Georgia and Pennsylvania. Biden won these states in the 2020 election. The polls found nearly 70% of voters feel the country's political and economic systems need major changes, and only 13% think Biden can deliver such changes in a second term. Nearly 40% of Trump supporters cited the economy/cost of living as their top issue, doubting Biden's claims the economy is improving. The polls surveyed over 4,000 voters in 6 states from late April to early May.

Trump Takes Lead in Key Swing States as New Polls Show Biden's Support Waning

⏲ 0:40 👁 265K

An iconic church spire has been restored to its original gold - after a £400k renovation.<br/><br/>St. Michael's Parish Church in Linlithgow has proudly displayed the spire - known as the \

Iconic church spire shines gold after £400k renovaation

⏲ 1:51 👁 2.2M

Mark Penn, founder and CEO of Stagwell, Inc. joins \

'How Did We Get To Where We Are Right Now?': Mark Penn Discusses Online 'Censorship'

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