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One in four female small business owners has taken a pay cut in the past year, according to new research.<br/><br/>The survey of 1,000 female small business owners examined how their experience has shifted in the past year and found that the down economy has forced a quarter of these business owners to cut their own pay to keep their businesses afloat.<br/><br/>For those small businesses that have been open for at least a year, many have also raised the price of their product or service (37%), and more than a quarter are actively seeking less expensive resources (27%).<br/><br/>Conducted by Talker Research for Office Depot, the survey found that 53% of female business owners said the past year has been the hardest for their business.<br/><br/>In 2023, respondents expressed challenges with funding (42%) and growing their business (30%), which continue to be the top struggles this year (39% and 30% respectively).<br/><br/>Experiencing fatigue was more of a pain point last year (23%), while marketing is proving to be a greater challenge this year (25%).<br/><br/>However, hard work has paid off for many female small business owners this year, allowing them to reach their 2023 goals: growing profit (goal of 59%, achieved by 26%), gaining more customers (goal of 53%, achieved by 41%) and expanding their business (goal of 28%, achieved by 12%).<br/><br/>And to keep the momentum going, respondents predict they’ll continue to uplevel and succeed through continued revenue growth (63%), gaining more customers (54%) and business expansion (27%). <br/><br/>But success is also about a lot more than dollars and cents. Twenty-one percent of respondents said success is all about making a positive impact in their community and a fifth (21%) included innovation as a success marker.<br/><br/>And while the next year looks to be more positive for female small business owners, there will still be challenges to overcome, with inflation (39%) and funding (25%) serving as the top concerns.<br/><br/>To overcome these challenges, female SBOs are throwing themselves into their work more often — but how much is too much?<br/><br/>Work-life balance improvements have slowed by 15% since last year, as only this year, 58% said their work-life balance has improved since becoming a business owner, compared to 73% who said the same last year.<br/><br/>Women surveyed feel they need to choose between their family and their profession multiple times every month, while one in eight feel this way every week.<br/><br/>And overall, 42% said being a business owner has made it more difficult to balance their outside work responsibilities.<br/><br/>To better balance their work and family life, those surveyed are committed to “cutting back on working hours,” “taking time for quiet reflection” and “being willing to take a day off as necessary.”<br/><br/>For respondents who set up their business in the last year, top reasons include wanting to be one’s own boss (59%), deciding to pursue a passion or hobby (46%) and drive to put an idea into action (41%).

Survey reveals how female small business owners measure success

⏲ 1:18 👁 3.4M

Mama Doctor Jones

Vulnerable Vaginas: The WORST Ways to Injure Yourself

⏲ 15 minutes 12 seconds 👁 383.7K

Dallas Mavericks Needs to Navigate High Stakes Game | NBA 5\ 11 from small girl vagena

Dallas Mavericks Needs to Navigate High Stakes Game | NBA 5\ 11

⏲ 2:17 👁 450K

Honda plans to invest $65 billion through 2030 to build seven new EV models as part of a strategy to stay competitive against Tesla and BYD. The investment is double Honda's previous EV budget and aims to slash costs and establish battery and supply chain infrastructure. Honda will introduce 10 new EVs in China by 2027, representing 100% of auto sales there by 2035, targeting the market with its new \

Honda's $65 Billion Investment to Challenge Tesla and BYD with Seven New EV Models

⏲ 0:38 👁 225K

A new study, Conducted by Talker Research for Office Depot found that 1 in 4 female small business owners has taken a pay cut in the past year.

Some Women Owned Small Businesses Are Having A Tough Time In This Economy

⏲ 1:6 👁 965K

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move back into offices. The retail giant is shutting smaller offices in cities like Dallas, Atlanta, and Toronto, asking staff to relocate to hubs like Bentonville or Hoboken. Workers must be in offices most of the time but can work remotely part-time. Walmart employs over 2 million people globally as of January 2024. The company has been shrinking its workforce and expects 65% of store tasks to be automated by 2026.

Walmart Trims Corporate Staff and Calls Remote Workers Back to the Office

⏲ 0:35 👁 240K

CEO Poses as Poor to Buy Insurance with Small Change, Gets Disrespected and Splashed with Coffee by Staff – The Outcome | Short Movie Drama

CEO Poses as Poor to Buy Insurance with Small Change, Gets Disrespected and Splashed with Coffee by Staff – The Outcome | Short Movie Drama

⏲ 18:37 👁 3.5M

With three rows of seats

2024 Cadillac XT6 Buyer's Guide Breakdown: A Smaller, Less-Expensive Escalade?

⏲ 1:29 👁 2.6M

Chiweenie Dog Pees All Over Brand-New Doormat

⏲ 0:56 👁 820K

The Substitute Bride - fly sky channel

The Substitute Bride - fly sky channel

⏲ 1:38:4 👁 170K

OKC Thunder to Focus on Strategic Flex Plays Vs. Mavericks from small girl vagena

OKC Thunder to Focus on Strategic Flex Plays Vs. Mavericks

⏲ 2:17 👁 17.5M

Toms' Guide's Katie Kozuch has been tasked of building a home gym for under $50 with items from Target!

Find Out If It's Possible To Build A Home Gym With A Small Budget

⏲ 4:44 👁 105K

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