• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

Is It Work-Life Balance or Just Lifestyle?

July 12, 2022 / By Barbara Weltman

Work-Life Balance or LifestyleWork-life balance is defined by Business Daily News as “the state of equilibrium where a person equally prioritizes the demands of one’s career and the demands of one’s personal life.” There’s been a big emphasis on remote work arrangements as a way to improve work-life balance for employees, especially for those with children and responsibilities outside of work. For small business owners like me, it’s more a matter of lifestyle than a balancing act. Here’s why.

Why lifestyle trumps balancing

Work-life balance strives to achieve fewer work hours to create more time available for personal pursuits. That’s not the goal of most small business owners I know. Being a small business owner is a lifestyle where personal time isn’t the priority (although there is personal time). There are other things that matter more.

The lifestyle of a small business owner focuses on the rewards of independence. This means great satisfaction, flexibility to set schedules and activities (within the confines of running a business), and potentially unlimited financial rewards. It doesn’t mean fewer hours. SCORE reported a few years ago that 39% of small business owners work over 60 hours a week. Vacations aren’t a regular thing. And most owners are really on the clock 24-7 because work-related matters are never out of mind.

Issues for lifestyle

Living the life of a small business owner isn’t always a walk in the park. There are a number of negative aspects that those in the “life” accept. These include:

  • Uncertain income. Unlike salaried employees, small business owners only keep what they can after paying expenses (including employees), taxes, and hopefully setting aside funds for expansion or catastrophe.
  • Responsibility. It’s all on the shoulders of the owner. Even if there are professionals to help (e.g., a CPA to advise on taxes), final decisions…and ultimate consequences…are the owner’s alone.
  • Being always on. Many tout flexibility as an attribute of being a small business owner. But as mentioned earlier, long hours come with the lifestyle. What’s more, sacrifice for the business often means not attending a child’s school play or ball game, missing a family function, or canceling personal plans.

Final thought

While many employees report they experience burnout, which was cited as the number one reason why they left their jobs during the Great Resignation, small business owners generally do not experience burnout, or at least not in the same way. They may be exhausted, discouraged (especially with today’s challenges of inflation, supply chain issues, and labor shortages), and stressed out. Some may call it quits, even though their business is still profitable. Still, those who continue to run their businesses do so because they love the lifestyle and continue to find inspiration and purpose that keeps them moving forward.

Tags lifestyle small business owners work-life balance

Primary Sidebar

Categories

  • General Business (493)
  • Guest Blog (106)
  • Homepage (21)
  • Small Business (981)
  • SMB Financial (320)
  • SMB Legal (64)
  • SMB Taxes (324)

Barbara’s Recent Posts

  • Moms Know Best: Lessons for Entrepreneurs May 8, 2025
  • Mental Health Challenges in the Workplace May 6, 2025
  • Let’s Celebrate Small Business! May 1, 2025
  • Scaling Your Business: Adding a New State Location April 29, 2025
  • What to Do about Waste Management in Your Warehouse April 28, 2025
  • Restrooms: Not Front Office but Just as Important April 25, 2025
  • Eye Strain: A Workplace Problem to Address April 24, 2025
  • What to Do When You Can’t Get Approved for a Business Loan April 23, 2025
  • A Good Time to Review Your Company’s Driving Policy April 22, 2025
  • Learning New Ways for Spring Cleaning Your Business April 17, 2025
  • How to Build Anticipation for an Upcoming Product Release April 16, 2025
  • Proposals for Better Tax Rules for Small Businesses April 15, 2025
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Marquis Who's Who 2023 Badge
Top Small Business Blogs (Link will open in a new window or tab.)
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

The Art and Science of Building: Exploring the Intersection of Architectural and Engineering Design https://bit.ly/40Qt0P6 #smallbusiness #design

Reply on Twitter 1891632577175253217 Retweet on Twitter 1891632577175253217 Like on Twitter 1891632577175253217 3 Twitter 1891632577175253217
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

4 Crucial Errors in Your Compliance Approach to Hiring - HR Daily Advisor https://bit.ly/4jQCcvQ #smallbusiness #hiring #compliance

Reply on Twitter 1891586740189585747 Retweet on Twitter 1891586740189585747 Like on Twitter 1891586740189585747 Twitter 1891586740189585747
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

Is Romance Back in the Office? Is this a good or bad thing?https://bit.ly/3D1Hx2x #smallbusiness #ValentinesDay #workplace #officepolicy

Reply on Twitter 1891567067897168123 Retweet on Twitter 1891567067897168123 Like on Twitter 1891567067897168123 1 Twitter 1891567067897168123
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap