Growing a Business Requires an Investment of Time

According to data from the most recent American Express OPEN Small Business Growth Pulse, 89% of small businesses indicate they invest a significant amount of their personal time in an effort to grow their business.

Also in line with these findings:

Six in ten (60%) small business owners say they spend a larger percentage of time working ON their business to drive growth rather than IN their business managing details.

Women Business Owner Highlights

Nearly eight-in-ten women businesses owners (78%) state growth is the top priority for their business, on par with men (80%) and small business owners overall (79%).  However, while growth is a priority for women business owners they are not following through with hiring (58%) and capital investment plans (64%) at the same rate as their male counterparts (61% and 77% respectively). 

Read more:  Small Business Owners Investing Significant Personal Time and Savings to Grow Their Business, According to American Express OPEN Research