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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
⏲ 1:18 👁 3.7M
Badal Shrestha
「 True Story 」→ ( you and me) → ( Lyrics )
⏲ 3 minutes 58 seconds 👁 2.1M
The Modern Metal Songwriter
Fix Your Bass Recordings in 3 Minutes
⏲ 2 minutes 42 seconds 👁 78
Walmart is cutting hundreds of corporate jobs and asking most remote workers to move back into offices. The retail giant is shutting smaller offices in cities like Dallas, Atlanta, and Toronto, asking staff to relocate to hubs like Bentonville or Hoboken. Workers must be in offices most of the time but can work remotely part-time. Walmart employs over 2 million people globally as of January 2024. The company has been shrinking its workforce and expects 65% of store tasks to be automated by 2026.
Walmart Trims Corporate Staff and Calls Remote Workers Back to the Office
⏲ 0:35 👁 240K
MrDalekJD
SECRET CALL OF DUTY ALTERNATE ENDING FOUND 13 YEARS LATER! (Modern Warfare 3)
⏲ 10 minutes 30 seconds 👁 30.6K
HAINBACH
A Beginner's Guide To Cassette and Tape Machines For Music Production
⏲ 17 minutes 38 seconds 👁 85.5K
Residents have welcomed a vote which will see Skegness Town Council resume responsibility for cutting the grass after complaints the resort looked untidy.
New deal on grass cuting in Skegness
⏲ 3:8 👁 1.3M
Kevin Stratvert
🔊 How to use Audacity to Record & Edit Audio | Beginners Tutorial
⏲ 38 minutes 27 seconds 👁 1.7M
Kyle Stedman
Audacity Basics (NEW in 2023): Recording, Editing, Mixing
⏲ 18 minutes 21 seconds 👁 53.6K
The Tunapuna Piarco Regional Corporation says water levels at some of the rivers in its region are notably low, including at the popular Caura River. Members of the Corporation undertook cleanup and beautification of the Caura River and Valley area on Friday, and issued a call to visitors to keep a clean scene. Rynessa Cutting has more.
CAURA RIVER LEVEL LOW
⏲ 2:25 👁 905K
Super Cool Top 10 u0026 Infos
Top 10 Audio Cutter Android App | Review
⏲ 3 minutes 36 seconds 👁 17.9K
5 Minute Solution
How To Cut Audio In Audacity 2024 | Trim audio in audacity
⏲ 3 minutes 11 seconds 👁 11.1K
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