What Small Biz Owners Sacrifice
Many small business owners sacrifice their personal time and money to keep their startup running. According to a recent Citibank poll, entrepreneurs are giving up paychecks and vacations to keep their businesses afloat.
The study found over 50% of small business owners have gone without paychecks, about 25% of them have gone without paychecks for more than one year. According to Citibank’s study many small business employees also work without overtime without pay, and have even gone without paychecks for periods.
Not only do small business owners sacrifice pay, but 70% also report they miss out on family and vacation time to run their business. In addition two out of three small business owners in the study say personal stress is a problem.
What do you give up for your small business?