Sometimes, the right question makes the difference. Do you have what it takes to start a small business? Do you dream about running a small business? On today’s edition, Franklin gets into the realities of what running a small business really entails. Hard questions and hard facts.
What is your dream is it more time, more money, flexibility,
In 2018 one study showed that 62 percent Americans want to make their dream of owning a business
2020 4.3 million applications to start a business were filed in the US 1.3%
In 2019 10.6% of Americans own a business
Control over The Work work life balance
Control over Finances
Fear of Failure
Why are you doing it, is it because you are dissatisfied?
14% of American adults say they’re very happy
Sadly, only less than 50% of U.S. workers feel that they are in good jobs. There is a nexus between the quality of one’s job and the overall quality of a person’s life. While a number of workers in good, mediocre jobs rate their overall quality of life as “high,” most of those in bad jobs feel the contrary.
85 percent of respondents are either somewhat or very satisfied with their jobs. “Meaningfulness” was the biggest contributor to overall happiness,
Employee burnout is a significant problem across business sectors. According to Deloitte, 77% of professionals say they have experienced burnout at their current job. Employee burnout is a significant problem across business sectors. According to Deloitte, 77% of professionals say they have experienced burnout at their current job.
Burnout affects millennial retention: 84 percent of millennials say they have experienced burnout at their current job, compared to 77 percent of all respondents. Nearly half of millennials say they have left a job specifically because they felt burned out, compared to 42 percent of all respondents.
Yet more than 70 percent of workers say they don’t feel satisfied with their career choices, and I believe we have serious epidemic on our hands.
Yet a full 77% of respondents said they’re extremely happy and plan to continue running their business.
Even with 44% who say they’re working more hours than they did this time last year.
65% who reported they worked at least every other weekend.
Read Start with Why, E-Myth, Profit First and ClockWorks, Scaling Up
Listen to Are you breeding your own competition
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