This week, MasterCard issued its annual Global Small Business Survey. Thanks to Lauren Bingham of MasterCard for alerting me to this report. It says that on average, worldwide, small business people are more optimistic than they were last year, and they find running their own business to be as fulfilling as they expected. The data is different when viewed by country. For example, “Globally, small business owners work an average of 54 hours a week and spend an average of 18 hours a week doing administrative tasks. The hours spent on administration rise as the number of employees rises. Small business owners in France work the most out of all of those surveyed, working an average of 59 hours a week.”
It’s interesting data, whether you’ve already started your own your own business or not!
Why people choose to start their own business is a question I’m exploring in the book I’m writing. The report says, “Globally, small business owners say that making enough money to cover living expenses (70%) and having more control over the future (64%) are important motivations for running their own business.”
Thanks, Lauren, for the email.