Entrepreneurship — It's Not Just a Job, It's a Lifestyle
Small business owners spend on average more than 14 hours a day working on their business. That’s nearly double the 7.8 hour work day for the average American worker, according to the Department of Labor Statistics. When extrapolated across a typical five day work week, small business owners put in 70 hours a week compared to the 40 hours that the average American works.
The data confirms what is assumed to be true about small business owners – to own a small business it takes long hours and hard work, mixed with a solid dose of passion to help the business thrive. Business owners that report their business being in good health work even longer at 14.5 hours a day, while business owners that report their business being in poor health work 10.25 hours a day.
The average work day for a small business owner includes spending 5.6 hours working with clients or customers, about 4 hours on administrative tasks, and another 3.7 managing staff.
On average, small business owners surveyed sleep 6.7 hours a night, less than the recommended eight hours. When it comes to home life, small business owners with up to four employees spend 8.3 hours a day with friends and family or addressing home and family needs. Business owners with more than 100 employees report spending 6.7 hours a day with friends and family or addressing home and family needs.