A new survey from American Express indicate that 90% of small business
owners expressed they
“love to get up every day and do what I do” and 80%
believe they enjoy a better quality of life since starting their own
business. When asked if they would do it all
over again, 93% say they would. Financial rewards and the opportunity to make it rich might be commonly
perceived as motivators, but there are several other factors that figure
prominently when business owners reflect on what drives them,
with 62% stating it is the independence and control that being an entrepreneur offers.
The American Express survey results confirm that running a small
business is indeed a tough job. Owners work, on average,
45 hours a week, with 45% working more than 50 hours in a
typical week. Stress levels are high with 78% saying
they feel the pressure of being the ultimate decision maker and having
accountability for the success of their enterprise.