1 Extra Hour Worth $500 Say 1 in 4 Small Business Owners
Yep, that’s the price tag that 25% of small business owners put on having just one more productive hour added to their day in a study by Mavenlink.
In fact, small business owners view time as their most valuable asset, according to this study, more valuable than things such as computers and cell phones, and managing time is the most difficult aspect of owning and managing a small business.
Fifty-three percent of small business owners said that having to cover multiple jobs was the hardest part of operating a small business, with not having enough time to get everything done running a close second at fifty percent. (Making a profit was only considered to be the most difficult aspect of running a business by 35%.)
The survey found that the average small business owners was taking on three to six employee roles during any given day, an obvious contributor to the problem.
But multitasking with multiple devices was also identified as a culprit. The most common time-wasting pains that result from disjointed communication were:
What can be done to solve the problem? Mavenlink makes several time management suggestions for small business owners, including using collaboration tools and knowing your priorities. See the Infographic and related blog post here.
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