43% of Small Business Owners Feel They Wear Too Many Hats

How small businesses achieve more with lessRunning a small business is truly a labor of love. 

Entrepreneurs start businesses with a passion for their art or craft, or they had a great new idea that was going to change the world. Nothing is better than getting up in the morning excited about pursuing your passion.

Then the reality of running the business soon sets in. 

Suddenly the owner is the payroll administrator, compliance officer, safety monitor, recruiter, benefits decision maker, and so much more.  Unfortunately, all of these tasks need to be done, leaving precious little time for the passion that started the business.  43% of small business owners feel that having to wear so many hats is the most difficult part of running their business. *

What’s even more challenging is that these subject areas may not be in the owner’s fields of expertise.  The unsuspecting boss is now forced to scramble to learn how to get it done – hoping there are no mistakes – and learning along the way. 

What to look for when searching for a PEO

And it’s a high-stakes learning curve.  The penalty for ignorance or errors can be hefty fines and penalties from the IRS, OSHA, the EEOC or others. Yikes!

The good news is that there is help – expert help – to tackle these responsibilities and give you back time to pursue your passion.

What's a PEO? and How can it help your business?

*Constant Contact Small Business Owner Survey 2015

Editorial Note: Updated 5/2/2019

Jeanette Coleman

Written by Jeanette Coleman