It’s no secret that small business owners have a lot on their minds, but what are they always thinking about? Small business owners often have concerns about their future, but for the most part they remain confident and optimistic. Here’s some information on the makeup on the modern small business owner.
Running a small business is no easy task. A nine to five workday often becomes a nine to nine as these entrepreneurs work late into the night on their ventures. However, more than a third of these business owners wouldn’t even consider working for anyone but themselves. Here are some statistics about what running a small business brings on:
Small business owners may not always have access to the most capital or financial experience, but they sure have the dedication. Here’s some information on how these entrepreneurs view themselves and the businesses they operate:
Nearly every small business owner is very adamant on keeping a steady and consistent cash flow. Entrepreneurs often seek out financial guidance from experts to help with growing problems such as late payments from clients. In fact, nearly eight out of ten business owners claim they’re having issues with late payments and four out of ten claim they have trouble every month. Here are some statistics on late payments:
When it comes to invoicing or billing clients, it’s always best to use an online invoicing platform. The majority of payments solutions and top payments companies provide a suite of financial products including digital invoicing. These platforms allow you to streamline your business finances so you can focus on growing your business.
Small business owners typically believe that the decisions they make affect their own personal financial well-being over the stability of the overall economy. This view of social and economic responsibility is especially popular among entrepreneurs aged 18 to 34, but national concerns are common amongst entrepreneurs of all ages. Here are the biggest national concerns among small business owners:
Overall small business owners are optimistic about the future of their business as well as their future as an entrepreneur. If you’re a small business owner or would like to know more about how they operate, feel free to reference this post and infographic at anytime!
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