{"id":31018,"date":"2018-01-21T14:00:54","date_gmt":"2018-01-21T14:00:54","guid":{"rendered":"https:\/\/smallbiztrends.com\/?p=482548"},"modified":"2018-01-21T14:00:54","modified_gmt":"2018-01-21T14:00:54","slug":"one-third-of-business-owners-say-entrepreneurship-much-harder-than-expected","status":"publish","type":"post","link":"https:\/\/businessnewsbox.com\/?p=31018","title":{"rendered":"One-third of Business Owners Say Entrepreneurship \u201cMuch Harder\u201d Than Expected"},"content":{"rendered":"

\"Reasons<\/p>\n

Nobody thinks starting a business will be easy. But sometimes it’s a lot harder than expected.<\/p>\n

According to a study<\/a> conducted by Netherlands-based printing company Vistaprint (NASDAQ: CMPR), one-third of business owners admitted running a company is harder than they initially thought.<\/p>\n

Millennials, in particular, were surprised at the level of work required to get their businesses off the ground<\/a>, with 56 percent saying it was harder than expected.<\/p>\n

Heather Younger, Owner of Top Shelf Cookies, is quoted in the report explaining, “Starting a business has been even harder than I anticipated. The baked goods industry is a crowded market and there’s so much more to it than having a good product.”<\/p>\n

Reasons Why Starting a Business Is Hard<\/h2>\n

A look at the numbers in the study reveals some of the reasons why entrepreneurs feel that way.<\/p>\n

Longer Working Hours Than the General Public<\/h3>\n

Because entrepreneurship requires extra time and focus — especially in the beginning — business owners end up spending more time working than the average American worker.<\/p>\n

The Vistaprint study revealed small business owners work 48 hours per week, whereas the average employee spends 43 hours per work at the typical  job.<\/p>\n

The study found some business owners are putting in even more effort, working over 50 hours a week.<\/p>\n

Hard Work is Worth the Reward<\/h3>\n

The rewards associated with running one’s own business seem to make up for all the hard work and extra hours required to succeed, however. Nearly two-thirds (62 percent) of entrepreneurs say being their own boss is more satisfying than they ever expected.<\/p>\n

The level of satisfaction among millennial entrepreneurs is especially high, with 81 percent saying running a business is way more satisfying than they ever imagined.<\/p>\n

Business Owners Hope for a Better Year<\/h3>\n

When asked about their business performance in 2017, 50 percent of business owners said their company grew compared to the year before. As for 2018, about two-thirds of business owners said they expect a better year, with 22 percent forecasting much better results.<\/p>\n

Millennials appeared most confident about their growth prospects, with 44 percent expecting a much better performance this year.<\/p>\n

With business owners feeling optimistic about their growth in 2018, it will be interesting to see what the year brings for these entrepreneurs.<\/p>\n

Images: Vistaprint<\/small><\/em><\/p>\n

This article, “One-third of Business Owners Say Entrepreneurship “Much Harder” Than Expected<\/a>” was first published on Small Business Trends<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Small business owners say starting their own company was harder than they originally thought. Some say it was much harder.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-31018","post","type-post","status-publish","format-standard","hentry","category-research"],"_links":{"self":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/31018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31018"}],"version-history":[{"count":0,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/31018\/revisions"}],"wp:attachment":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}