Following are the results of a questionnaire completed by CEB Members concerning the number of hours they work in a typical week.

1.      Please check which one of the following best describes your main source of income.  Are you:

                  a.  Employee                            14%

                  b.  Self-employed                       3%

                  c.  Business Owner                   82%

                  d.  Investor                                1%

2.      How many hours do you work in a typical week?

                        a.  Less than 40 hours                 3%

                        b.  40 - 50 hours                      18%

                        c.  50 - 60 hours                      52%

                        d.  60 - 70 hours                      20%

                        e.  70 or more hours                   7%

3.      Would you say your business is highly systemized?

                  a.  Yes                                     49%

                  b.  No                                      51%

COMMENTS

4 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.

      The 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.

      A business owner could own several businesses with almost unlimited income potential, since their income is not limited to the amount of time they work.

4 Those members who described themselves as employees tend to work less than 50 hours per week.

4 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.