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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 👁 425K

Cranimax Films

GOAL KEEPER BY EDDIE JOE (CRANIMAX FILMS )

⏲ 4 minutes 51 seconds 👁 21.8K

DiamondDhaliwal

Every Goal Mbappe Scores, Is + 1 upgrade

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Benefits of yoga...

Yoga Benefits And The Effects For Health And Well-Being

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EvenMoreS2G

Score Goal = 1 Amazing Pack

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Manchester United

WOMEN'S FA CUP WINNERS! 🤩🏆 | Man Utd 4-0 Spurs | Highlights

⏲ 5 minutes 43 seconds 👁 5.9K

<br/>1 of 2: dai.ly/x8yd2co<br/>2 of 2: wsfm(dot)live

【FULL MATCH】 Celtic vs. Rangers | Scottish Championship Group 2023\ 24

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Score Goal = 1 Icon Pack

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SIM2

Scoring 1 Iconic Goal From Every Year (00-24)

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Get ready for a wave of uncontrollable emotions in this heartwarming video showcasing the power of love that conquers distance! Witness the incredible moment a woman is finally reunited with her military husband after a long and difficult separation. This must-see clip captures the raw emotion of a long-awaited reunion, a testament to the unwavering strength of military families.<br/><br/>Video ID: WGA961035<br/><br/>All the content on Heartsome is managed by WooGlobe<br/><br/>For licensing and to use this video, please email licensing(at)Wooglobe(dot)com.<br/><br/>►SUBSCRIBE for more Heartsome Videos: <br/><br/>-----------------------<br/>Copyright - #wooglobe #heartsome <br/>#militaryreunion #emotionalmoment #husbandandwife #mustsee #tearsofjoy #incrediblereunion #militaryfamily #longdistancelove #homecoming #proudspouse #militarylife #cantcontainmyemotions #cantwaittomeetyou #purejoy #makingmemories #loveyoutothemoonandback #welcomehomehero #militarylove #strongertogether #homeatlast #tearsofhappiness<br/>

Long Distance Love Conquers All! Military Couple's Emotional Reunion

⏲ 0:28 👁 315K

FFF Full Free Films

UNDERDOGS | Full INSPIRATIONAL FOOTBALL Movie HD

⏲ 1 hour 38 minutes 29 seconds 👁 491.1K

Manchester United

Man Utd 0-1 Arsenal | Match Recap

⏲ 2 minutes 17 seconds 👁 177.7K

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