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Small Business Owners are Happier than the Rest of the American Workforce

Running a small business is not easy. Most business owners don’t get to take a vacation and definitely put in more hours than the standard 40 hour work week. Why then did an overwhelming majority out of a thousand small business owners report that they are “happy or extremely happy” with their job in a recent survey compiled by marketing services company Vistaprint?

Labor Day weekend is nearly upon us, but nearly half of the small business owners surveyed said that they did not take any kind of summer vacation, and it’s highly doubtful that they will choose this weekend to get away.

Factors such as being able to build a business that is focused around your own personal passions, interests, and skills—along with having a significantly enhanced ability to surround yourself in a work environment that is far more in your control—are two huge reasons why this survey goes far to prove the age-old adage that it’s not work if you love what you do.

To ensure that you stay a happy and healthy business owner, keep these nuggets of wisdom in mind as you lovingly grind to grow your business:

Don’t forget about why you got into the business. If you’re doing what you love and are finding yourself more and more successful at it, your business is going to grow and all of a sudden what you love to do can be crowded out by things that you must do—things that you may not love as much. While these things cannot be ignored, don’t let it overtake the things that you love about your business. Devote plenty of quality time for these things that you love so that you remember why you went into business in the first place.

Delegate, delegate, delegate. As your business grows, you will have less time in general to complete all the tasks a business needs all by yourself, and you may find yourself having a difficult time letting go of the notion that you need to do everything yourself. Let go and effectively delegate tasks. This may also keep you freed up so that you can focus exclusively on the parts of your business that you love as discussed above.

Network constantly. The saying goes, “Network to get work”. Many small business owners that are barely starting off find themselves working alone, and from their own home. This isolation can be stifling and just begs for some interaction. Fill this need and do something good for your business at the same time. Create networking opportunities for yourself by joining your local Chamber of Commerce and/or a local professional organization.

Take that vacation after all. Everyone that has their nose to the grindstone needs to let up at some point. Don’t burn yourself out. Maybe it’s not realistic to take a full-fledged vacation, but taking an hour out of your day, or a day off a week can do wonders to relax your mind and invigorate your drive.

Capital Alliance Group knows what it means to be small business owners trying to build a company. We certainly can relate and we have the knowledge and resources to help you grow your company and take it to new heights. Have a Happy Labor Day!