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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%).
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TheRenderQ
⏲ 4 minutes 49 seconds 👁 216.9K
Call That Geek
⏲ 7 minutes 55 seconds 👁 278.1K
A MODIFIED 1970s Corvette has been described as 'one of history’s greatest streetcars'. Custom-built by legendary modifier, Andy Granatelli, the Chevvy is worth over $800,000 and is capable of speeds over 180mph. It currently lives at the Rock ’n Roll Car Museum in Austin, Texas and is a stand-out piece in their collection. Boasting 880HP, it can push from 0-60mph in less than three seconds and has a gas turbine engine. Andy Schmidt said: “To drive this car, it’s not easy. You have to put a little work into it. There’s actually a fifth break that’s installed in order to help slow this car down. It can be a handful but when you get on the throttle, it’s all worthwhile. When you do hit the accelerator pedal, you better be holding on because this thing is going to take off.\
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Howfinity
⏲ 5 minutes 2 seconds 👁 7.9K
AnyRecover
⏲ 4 minutes 28 seconds 👁 213.1K
Is the Texans' defensive front good enough to make up for the questions in the secondary? The Drive discusses it here.
⏲ 11:54 👁 840K
Erick Computer
⏲ 7 minutes 20 seconds 👁 68.7K
AOMEI
⏲ 4 minutes 38 seconds 👁 392.5K
The front of the ID.7 GTX Tourer is distinguished from the other models in the product line by a distinctive bumper with honeycomb grille and GTX-specific light graphics including illuminated badges. As with the ID.3 GTX, all black elements have a high-gloss finish. This additionally applies to the side sills and the lower area of the rear bumper in GTX design. As on the ID.3 GTX, 20-inch Skagen alloy wheels are fitted as standard on the ID.7 GTX Tourer. The interior is refined by features such as individualised seats (heated in the front) with perforated GTX lettering in the backrests, red piping on the seats, red seams on the dash panel and door trims as well as a GTX-specific multifunction steering wheel with red decorative stitching. The luggage compartment capacity of up to 1,714 litres is just as large as for the rear-wheel drive variants.
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Linus Tech Tips
⏲ 23 minutes 22 seconds 👁 2M
TECH GADGETS JUGAAD
⏲ 7 minutes 9 seconds 👁 32K
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