Results from a recent survey of small business owners and executives show that “69% percent wish they could focus all of their attention on their actual business and leave the daily tasks to someone else.”
Finding the Time to Focus on Business a Challenge for Small Business Owners
Survey after survey of small business owners show that small business owners are filling numerous, if not all, roles at their companies. The most recent survey to announce these findings is from Staples. Staples recently released the results from its 7th Annual National Small Business Survey and announced that “69% percent [of respondents] wish they could focus all of their attention on their actual business and leave the daily tasks to someone else”. The conclusion to draw from this result is simple - small business owners are crunched for time. But that conclusion does not answer the question of “Why are small business owners so crunched for time?” The answer may be linked to how many hats they wear. See image above and text below.
Not Enough Heads to Wear all of the Necessary Small Business Hats
Results from a survey from eVoice found that 90% of small business owners fill 3 or more roles daily, with 44% filling 5 or more. That is a lot of hats, and it tends to support the findings from Staples. If small business owners are filling so many roles, it is no wonder that they are unable to find the time to focus their attention on “their actual business and leave the daily tasks to someone else.” The eVoice survey results also put a dollar value on that extra time - 95% of small business owners agreed that the value of one more productive hour in a working day is at least $100. What is more surprising is that 65% believe that extra hour is worth at least $200 and 25% believe it is worth $500 or more. See our graphic related to the eVoice survey here.