05/15/2019

The Danger of Doing It All

Business owners who do “everything” face significant threats

Entrepreneurs and small business owners are accustomed to doing a variety of tasks; for many of them, it seems that doing “everything” just goes with the job description. For some that is born out of necessity; for others it might be that they feel others simply can’t do what they’re able to do.

In fact, a study by the tech blog Arctic Startup and the magazine CoFounder found that 37 percent of business owners say that finding the right team is their greatest challenge. When good teams (or even a good person) seem hard to find, business owners often end up handling it themselves. That explains why a survey from The Alternative Board found that the work/life balance for business owners is way out of balance.

According to the survey’s findings, nearly 20 percent work more than 60 hours a week. And, while a slim number—about one in five—work less than 40 hours a week, the majority of entrepreneurs are putting in more than a 40-hour workweek. The main reason cited? Because they feel like there are certain tasks that nobody else can handle.

Please select this link to read the complete article from PNC Bank.