Following are the results of
a questionnaire completed by CEB Members concerning the number of hours they
work in a typical week.
Please check which one of the following best describes your main source
of income. Are you:
c. Business Owner
How many hours do you work in a typical week?
a. Less than 40 hours
b. 40 - 50 hours
c. 50 - 60 hours
d. 60 - 70 hours
e. 70 or more hours
Would you say your business is highly systemized?
82 % of the members
describe themselves as business owners, while only 3 % describe themselves as
being self-employed. Yet 79 % say
they work 50 hours or more per week.
A person who works more than 50 hours per week could better be described as
self-employed rather than a business owner.
Business owners own businesses, and typically would not work over 50
hours a week in a business.
classic examples of self-employed are doctors, lawyers, dentists, accountants
and other people who get paid only when they work.
As a result, their incomes are severely limited.
business owner could own several businesses with almost unlimited income
potential, since their income is not limited to the amount of time they work.
Those members who
described themselves as employees tend to work less than 50 hours per week.
There appeared to be no
relationship between how many hours the members work per week and whether or not
they describe their company as being systemized.
Being systemized apparently does not reduce the amount of time they work.