WORKING HOURS
How many hours should you work in a day or week?
Some people go into business thinking that they will get to spend less time working. This can’t be further than the truth, especially when you’re just starting up.
Some people spend 18 hours a day working on their business. Some millionaires said they had worked for 18 hours in the first 3 years. So, is there a good number of hours that entrepreneurs needs to invest to run a successful business?
There isn’t a standard answer to the question because it really depends on some factors.
HOBBY OR LIVELIHOOD?
The amount of time you spend on your business depends on what the business means to you. If the business is something you built to fully support your livelihood, you will obviously spend a lot of time on it. If it was built to pass time or is a passion project, you would probably not spend much time on it.
BUSINESS STAGE
It also depends on the stage that your business is in. It is normal for you to spend a lot of time in the start-up stage. In the early stages, you may only have one or two partners and all of you have got numerous tasks to complete.
INDUSTRY
Another factor that affects your working hours is your industry. If you run a business setting up events, you may be working long hours in days leading up to the event and after, regardless if it’s a weekday or a weekend. If you are in the business that is run by systems, you may need to log in at certain parts of the day to check the reports and make sure that everything is running smoothly.
PERSONAL SITUATION
Your personal situation significantly impacts your day. This could range from your health, financial stability, relationships.
