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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 👁 3.3M

Math with Mr. J

Metric Units of Mass | Convert mg, g, and kg

⏲ 5 minutes 7 seconds 👁 152.1K

Math with Mr. J

Kilograms and Grams | Converting kg to g and Converting g to kg | Math with Mr. J

⏲ 6 minutes 25 seconds 👁 67.2K

Amjad Rana and Khushboo _ Sajjad Shoki _ Aqeel _ Stage Drama _ Uff Yeh Biwiyan #comedy #comedyvideo

Amjad Rana and Khushboo _ Sajjad Shoki _ Aqeel _ Stage Drama _ Uff Yeh Biwiyan #comedy #comedyvideo

⏲ 8:14 👁 15K

Dennis Bendicion

Conversion of mass units in easy way

⏲ 2 minutes 28 seconds 👁 7.7K

Kids Study Zone

convert kg dag gm into gm

⏲ 2 minutes 26 seconds 👁 859

Prepare to be amazed by the incredible (and record-breaking!) tail of Romeo, a black-breasted red rooster! This viral video introduces you to Patrick (\

Is That a Rooster or a FEATHER DUSTER?! Romeo's Tail is UNBELIEVABLE!

⏲ 0:43 👁 5K

ehow

How to Convert Decagrams to Grams : Math Conversions

⏲ 1 minute 24 seconds 👁 10.3K

Kids Learn

Measurement of Weight, Milligram,Centigram,Decigram,Gram,kilogram,Decagram,Hectogram, Quintal,Tonne

⏲ 1 minute 57 seconds 👁 6.5K

Amanat Chan and Jiya Butt _ Tahir Noshad _ New Stage Drama _ Dag Mag Dolay #comedy #comedyvideo

Amanat Chan and Jiya Butt _ Tahir Noshad _ New Stage Drama _ Dag Mag Dolay #comedy #comedyvideo

⏲ 8:39 ✓ 14-May-2024

プロセスX

The process of making marine propellers. A manufacturing factory for marine propellers in Japan.

⏲ 18 minutes 7 seconds 👁 193.1K

Hornady Manufacturing

Introducing DVRT™ - Drag Variability Reduction Technology

⏲ 5 minutes 59 seconds 👁 10K

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