According to recent research conducted in America, a significant number of small business owners worked full-time jobs while establishing their own firms.

The study surveyed 413 business owners with fewer than 500 employees. The findings revealed that 59% of respondents juggled a full-time job while initially building their businesses.

The reasons behind starting a small business vary across industries. For instance, 53% of marketing and advertising entrepreneurs embarked on their own venture to gain more flexible working hours. On the other hand, 53% of technology business owners started their own firms to pursue their true passions.

When it came to funding, the research indicated that 44% of small business owners received financial support from their families, while 29% relied on self-funding.

One of the most significant challenges faced by 24% of small business owners in starting their firms was acquiring and retaining customers or clients.

What statistics did you find you can relate to? Did you find you have more in common with small business owners, or is your journey unique, and one-of-a-kind?