A Walmart survey of business-owner burnout doesn’t seem to address how much of that burnout is caused by having to compete with Walmart or having to satisfy its buyers.
Great stuff as usual. I think what needs to be pointed out is that clearly these businesses that can't afford vacation and can't have the owner step away for a couple weeks are broken business models. If a business is just an 80 hour-a-week job for the owner, then the business model is neither efficient nor sustainable.
Also, these businesses owners will likely not be able to sell their businesses once they've let the burnout get the better of them. Only 20% of businesses that are for sale ever actually sell, and who's going to buy a business that can't afford to send its owner on a two-week vacation?
Great stuff as usual. I think what needs to be pointed out is that clearly these businesses that can't afford vacation and can't have the owner step away for a couple weeks are broken business models. If a business is just an 80 hour-a-week job for the owner, then the business model is neither efficient nor sustainable.
Also, these businesses owners will likely not be able to sell their businesses once they've let the burnout get the better of them. Only 20% of businesses that are for sale ever actually sell, and who's going to buy a business that can't afford to send its owner on a two-week vacation?