Small business owners pay for their success through a lack of family and personal time, a Curtin Business School study has found.<\/p>\n
\u2018Money Can\u2019t Buy Me Love<\/em>\u2019 explores the reflections of 59 financially successful Western Australian small businesses\u00a0and finds that lack of personal time and harm to family life are common concerns.<\/p>\n Lead researcher Paull Weber said society often used financial data to measure business success, and in so doing ignored large personal sacrifices business owners made.<\/p>\n \u201cIn recent years we have seen a strong shift in research and management focus in larger organisations towards the importance of work-life balance,\u201d Dr Weber said.<\/p>\n \u201cHowever, work-life balance is often a foreign concept for small business owners.<\/p>\n \u201cThe results from the study suggest the small business owners, while they are overtly financially successful, pay for their success through a lack of personal and family time.\u201d<\/p>\n The study focuses on a group of financially successful business owners with an average salary of $209,000 a year.<\/p>\n Dr Weber said the results created as many questions as they provided answers.<\/p>\n \u201cOur study shows that there needs to [be] further research into the area of work-life balance amongst small business owners,\u201d he said.<\/p>\n \u201cPerhaps a better way to monitor success is to include more relevant measures of performance such as profit per hour worked.\u201d<\/p>\n Co-authoring the study with Dr Weber were Louis Geneste and Carolyn Dickie.<\/p>\n A broader study into the matter of small business success is due for release in early 2012.<\/p>\n","protected":false},"excerpt":{"rendered":" Researcher finds that taking care of business also takes a toll.<\/p>\n","protected":false},"author":5,"featured_media":549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","wds_primary_category":0,"wds_primary_research-areas":0,"footnotes":""},"categories":[4],"tags":[],"research-areas":[],"class_list":["post-4814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research"],"acf":{"post_options":{"":null,"additional_content":{"title":"","content":"","image":false},"related_courses":false,"credits":{"author":"","photographer":"","media":false},"display_author":true,"banner":{"image":false}}},"featured_image":"https:\/\/www.curtin.edu.au\/news\/wp-content\/uploads\/2022\/06\/Paul_Weber-thumb-2.jpg","author_meta":{"first_name":"Jarrad","last_name":"Long","display_name":"Jarrad Long"},"publishpress_future_action":{"enabled":false,"date":"2026-04-15 01:37:27","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/posts\/4814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/comments?post=4814"}],"version-history":[{"count":0,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/posts\/4814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/media\/549"}],"wp:attachment":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/media?parent=4814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/categories?post=4814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/tags?post=4814"},{"taxonomy":"research-areas","embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/research-areas?post=4814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}