And as we all know, entrepreneurship is more often than not a labor of love. But that doesn’t mean there aren’t plenty of tears along the way.
When it comes to the well-being of the company, these founders and owners tend to be willing to go to extreme lengths. That may mean dipping into savings or asking friends or family for help.
To see exactly what lengths business owners went this past year, Inc. polled entrepreneurs and executives from more than 300 fast-growing companies.
Forty-eight percent had to cut back their salary to support their company, 46 percent postponed vacations, 37 percent reduced personal spending dramatically, and 46 percent tapped into savings.
This data and chart below are pulled from a larger survey of Inc. 5000 companies called Inc.‘s State of Small Business survey, which was conducted in late September and early October. So what sacrifices have you made for your company? In the poll, select the response that fits your sentiment most: