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Who Ever Said Running a Home Business Would Be Easy? |
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Written by SCORE.org & Visa.com
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 | | entrepreneur online |
Sole Proprietors are Happier on Their Own, But Distracted and Overwhelmed
Sole proprietors, who make up three-fourths of all small businesses, lack the time and resources to focus on generating new business, according to a new survey from Visa USA and SCORE. At the same time, the vast majority say they are happier now than they were at their previous employer, despite working as hard or harder.
According to the survey, thirty-five percent of sole proprietors say their primary challenge in maintaining and growing a small business is an inability to focus on generating new business, while 27 percent cite stretching themselves across multiple roles and projects. Other challenges mentioned by sole proprietors include:
~ Limited resources (23 percent)
~ Lack of time to focus on their passions (23 percent)
~ Difficulties in running their businesses efficiently (23 percent)
Previously published in the December 2006 issue of HOME BUSINESS® Magazine, an international publication for the growing and dynamic home-based market. Available on newsstands, in bookstores and chain stores, and via subscriptions ($15.00 for 1 year, six issues). Visit www.homebusinessmag.com
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All HBM Articles ; "entrepreneur online")