Small Business Owners Strike Work/Life Balance

May 3, 2007 ( - More than half of small business owners say owning a small business gives them a better handle on balancing life and work than other workers, according to a recent survey by MasterCard Worldwide.

According to the survey of about 500 small business owners, the two factors that most often stand in the way of achieving a work/life balance are not having enough money to meet both personal and business needs (21%) and not being able to leave work at work (16%).

Making enough money to meet or exceed business and personal needs (30%) and having flexible working hours (28%), were the top factors noted that help small business owners achieve work-life balance

Nearly 30% of small business owners say better organizing business and personal priorities and hiring and retaining competent employees (21%) were among the top work-related factors that helped them achieve a work-life balance.

According to the survey, 83% of small business owners say they rarely miss important personal events because of work.

Conducted by Ipsos Public Affairs on behalf of MasterCard, the survey polled 503 U.S. small business owners with 100 employees or less between April 10 and April 29, 2007.