Visa USA and SCORE, a nonprofit association dedicated to entrepreneur education recently
published the results of a survey in which they found:
- Sole proprietors, who make up three-fourths of all small businesses, lack the time and resources to focus on generating new business
- 35% of sole proprietors say their primary challenge in maintaining and growing a small business is an inability to focus on generating new business
- 27% cite stretching themselves across multiple roles and projects.
- Other challenges mentioned by sole proprietors included:
- limited resources (23%)
- lack of time to focus on their passions (23%)
- difficulties in running their businesses efficiently (23%) - 52% said that with the help of an additional employee, generating new business would become a focal point and personal priority
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