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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 👁 1M

FIFA

TOP 10 GOALS | 2018 FIFA World Cup Russia

⏲ 5 minutes 5 seconds 👁 48.3M

► Top 10 Goalscorers in Football 2017 2018 (Golden Boot Ranking)⚽️

⏲ 11 minutes 19 seconds 👁 5.8K

Justin and Hailey Bieber , Make Big Pregnancy Announcement.<br/>'E Online' reports that Hailey <br/>and Justin Bieber are expecting <br/>their first baby together. .<br/>The happy couple shared the <br/>news on Instagram on May 9.<br/>The Grammy winner and the Rhode Skin <br/>founder revealed the news with a video <br/>of their Hawaiian vow renewal. .<br/>The news comes almost six years <br/>after the couple wed at a New York City courthouse in September of 2018.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>The 'Love Yourself' singer first hinted at the couple's <br/>plans to start a family in October of 2019, posting <br/>a video of a father with his child, writing \

Justin and Hailey Bieber Make Big Pregnancy Announcement

⏲ 1:34 👁 5.3M

Notelicioux

100 Incredible Goals Of The Year 2018

⏲ 25 minutes 6 seconds 👁 1.8M

Notelicioux

Top 100 Goals Scored By Legendary Football Players

⏲ 25 minutes 16 seconds 👁 4.7M

Wayfarer Bread in San Diego is proud to be a neighborhood bakery that produces only small batches of bread and pastries. After 16 years of developing her craft at top bakeries, owner Crystal White opened Wayfarer in 2018. By keeping the operation small, White and her team can give the dough the attention it needs, making some of the best baguettes, sourdough, croissants, and pastries in the U.S.

⏲ 13:29 👁 1.5M

Final Goal

Top 50 Players Who Scored Most Goals in Football History. @finalgoalchannel

⏲ 3 minutes 2 seconds 👁 327.4K

Football Ball

Juventus Best Scorers In History

⏲ 6 minutes 13 seconds 👁 81.2K

Justin and Hailey Bieber , Make Big Pregnancy Announcement.<br/>'E Online' reports that Hailey <br/>and Justin Bieber are expecting <br/>their first baby together. .<br/>The happy couple shared the <br/>news on Instagram on May 9.<br/>The Grammy winner and the Rhode Skin <br/>founder revealed the news with a video <br/>of their Hawaiian vow renewal. .<br/>The news comes almost six years <br/>after the couple wed at a New York City courthouse in September of 2018.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>One year later, the couple celebrated their marriage <br/>with a lavish wedding ceremony in South Carolina.<br/>The 'Love Yourself' singer first hinted at the couple's <br/>plans to start a family in October of 2019, posting <br/>a video of a father with his child, writing \

Justin and Hailey Bieber Make Big Pregnancy Announcement

⏲ 1:34 👁 2.6M

CREATIVE

10 MOST POWERFUL GOALS IN FOOTBALL

⏲ 2 minutes 59 seconds 👁 19.5M

Notelicioux

Top 35 Solo Goals In Football History

⏲ 12 minutes 18 seconds 👁 952.8K

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