It is a necessity for entrepreneurs to take time for themselves even though most don’t. OnDeck, the technology-powered small business lender, released a report that examined vacation habits of small business owners nationwide across industries, revealing that most are increasingly time-strapped and unable to take vacation. In fact, most business owners (70%) donâ€™t take vacation the first 10 years in business. The findings are part of its summer Main Street Pulse Report, a quarterly study of small business trends. Even when they do take a vacation, most business owners stay connectedâ€”67% check in with work at least once a day. Having more employees eases the load.
â€śWe’ve always known that small businesses don’t have the same resources that big businesses do, a major gap that makes small business owners’ time so valuable,â€ť says Andrea Gellert, senior vice president of marketing, OnDeck. â€śThis quarter’s Main Street Pulse Report and our Economic Impact Study from earlier this year signal how necessary it is to create time-saving solutions for small business owners so that they can invest in their businesses and themselves.â€ť