Small Business Help

What’s Keeping Small Business Owners up at Night?

Joseph Patterson | May 4, 2018
2018 national small business week

The top three challenges small business owners need to talk about

To celebrate National Small Business Week, TSheets surveyed small business owners from all over the nation to present a clearer picture of how one of the most important and often underappreciated segments of the workforce operates. Our survey found 62 percent of small business owners lose sleep over their work, which begs the question: What’s keeping them up at night? These are the top three challenges facing small business owners. 

1. Uncertainty about the future

The No. 1 challenge facing small business owners is simple. They’re worried about what the future holds. Uncertainty is common in small business life, and it’s even more common when a business is just getting its bearings. 

2. Cash flow

Unsurprisingly, cash flow made the top three. Small business owners stay up late crunching numbers and wondering if they’re making any financial progress month over month. Meanwhile, new business owners might face the challenge of sporadic payments, messy records, or disorganized processes, adding to the cash flow problem. 

3. Employee recruitment and retention

Finding the best employees and keeping them around is the third biggest challenge facing small business owners. With a small team, it can be difficult to know how to prioritize, who’s stretched too thin, and what to do to keep your employees engaged and bought-in to your vision and mission. 2018 small business week
A little about Joseph Patterson

Related posts

Katherine McBeth|March 23, 2020

6 principles of a growth mindset for professional development

March 8 marked the global celebration of International Women’s Day. At Intuit’s Boise site, we celebrated with an inspiring fireside[...]

Katherine McBeth|March 10, 2020

12 things you could do with the 3 hours you’ll save with TSheets

Automated time tracking and automated payroll are a match made in heaven.  Business owners who use TSheets for time tracking report[...]

Joseph Patterson|March 3, 2020

3 ways small business owners go above and beyond for their employees

It’s a common sentiment: “My boss doesn’t care about me.”  And it’s true that many small business owners view their employees[...]