Workers dreaming about being their own boss better be willing to forgo vacation time and put in some extra hours during the day and on the weekend. A new survey has found that small business owners are making those sacrifices more now than they were five years ago.
Nearly three-quarters of small business owners reported they were working both longer days and more weekends while four in 10 small business owners also said they were taking less vacation time now compared to five years ago. The growth of mobile technologies has been the main reason why owners are working these extra hours.
According to the survey, nearly 80 percent of owners now rely on mobile technologies such as laptops, smartphones and tablets in their business operations. Owners overall are using these devices most commonly to check email, maintain contacts and schedules, view and edit documents, send text messages and conduct banking. Even though these devices are cutting into their time off, nearly 90 percent of small business owners said that productivity has been positively affected by use of these devices.
"(Small business) owners have not only had to reinvent their business model during the past five years, but have also made significant personal sacrifices to keep their operations afloat," said Connie Certusi, executive vice president and general manager, small business accounting solutions, Sage North America.
Small business owners, however, are not the only ones putting in extra hours. The survey found that two-thirds of employees are also using devices to work remotely. Workers are using these devices to check email, send text messages, maintain contacts and schedules, perform sales and marketing duties and access file storage.
The survey also found that more than 70 percent of small business owners have used social media in some way for their business. Additionally, almost 40 percent indicated that gas prices have forced them to make changes to their business.
The information is based on the responses of 258 small businesses in the United States. The survey was conducted by Sage, a provider of business management software and services to small and medium-size businesses.
Reach BusinessNewsDaily staff writer David Mielach at Dmielach@techmedianetwork.com. Follow him on Twitter @D_M89.