Money doesn’t trump independence. At least not for the majority of American entrepreneurs.

61% of the small-business owners surveyed said they would not give up the independence of running their own business to make more money working for someone else.

46% of entrepreneurs said they started their own business to have more freedom or more flexible work schedules.

19% of respondents admitted starting their own company to earn more.

About 7 of 10 business owners said they do not want to grow their businesses much larger.

Still, even though running your own business may mean working when you want and on your own terms, it also often means keeping longer hours than the average American, the survey found.

28% of business owners work at least six days a week

52% took off seven days or fewer for the year, compared with 36% of the overall population.

Futhermore, the poll found that only 36% of the small-business owners described a day off as “not working at all.”

This entry was posted on Wednesday, October 24th, 2007 at 5:05 pm and is filed under Business, Business Psychology, Entrepreneurs, My Life At Work, Studies and Surveys. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.