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One in four female small business owners has taken a pay cut in the past year, according to new research.<br/><br/>The survey of 1,000 female small business owners examined how their experience has shifted in the past year and found that the down economy has forced a quarter of these business owners to cut their own pay to keep their businesses afloat.<br/><br/>For those small businesses that have been open for at least a year, many have also raised the price of their product or service (37%), and more than a quarter are actively seeking less expensive resources (27%).<br/><br/>Conducted by Talker Research for Office Depot, the survey found that 53% of female business owners said the past year has been the hardest for their business.<br/><br/>In 2023, respondents expressed challenges with funding (42%) and growing their business (30%), which continue to be the top struggles this year (39% and 30% respectively).<br/><br/>Experiencing fatigue was more of a pain point last year (23%), while marketing is proving to be a greater challenge this year (25%).<br/><br/>However, hard work has paid off for many female small business owners this year, allowing them to reach their 2023 goals: growing profit (goal of 59%, achieved by 26%), gaining more customers (goal of 53%, achieved by 41%) and expanding their business (goal of 28%, achieved by 12%).<br/><br/>And to keep the momentum going, respondents predict they’ll continue to uplevel and succeed through continued revenue growth (63%), gaining more customers (54%) and business expansion (27%). <br/><br/>But success is also about a lot more than dollars and cents. Twenty-one percent of respondents said success is all about making a positive impact in their community and a fifth (21%) included innovation as a success marker.<br/><br/>And while the next year looks to be more positive for female small business owners, there will still be challenges to overcome, with inflation (39%) and funding (25%) serving as the top concerns.<br/><br/>To overcome these challenges, female SBOs are throwing themselves into their work more often — but how much is too much?<br/><br/>Work-life balance improvements have slowed by 15% since last year, as only this year, 58% said their work-life balance has improved since becoming a business owner, compared to 73% who said the same last year.<br/><br/>Women surveyed feel they need to choose between their family and their profession multiple times every month, while one in eight feel this way every week.<br/><br/>And overall, 42% said being a business owner has made it more difficult to balance their outside work responsibilities.<br/><br/>To better balance their work and family life, those surveyed are committed to “cutting back on working hours,” “taking time for quiet reflection” and “being willing to take a day off as necessary.”<br/><br/>For respondents who set up their business in the last year, top reasons include wanting to be one’s own boss (59%), deciding to pursue a passion or hobby (46%) and drive to put an idea into action (41%).
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May is Mental Health Awareness Month and Planet Fitness ' National Lead Trainer, Freddy Savage shares the tools to help you prioritize your mental AND physical wellness. Mental health continues to be a struggle among Americans year-over-year - and in 2022, one in five adults experienced mental health challenges. Fortunately, another recent study highlighted that physical exercise can greatly impact one's overall mood and mental health - finding that 1.2 million adults who exercised regularly had fewer days of poor mental health than those who didn't exercise. Working out isn't just about how you look; it's about how you feel. Luckily, Planet Fitness offers affordable memberships, that won't break the bank, and with over 2,500+ locations, there's bound to be a gym nearby, making working out more convenient than ever before, and an opportunity to not only boost your physical fitness but also help improve your mood and mental health. And as a certified fitness trainer, Savage strives to share simple tips for people at every fitness level, whether they're new to the gym, getting back into a routine or just looking for simple movements to promote physical and mental health. Slow and Steady Wins the Race: Moderate activity can be just as effective as rigorous workouts when it comes to reducing stress, anxiety, and depression. Start by creating a simple goal such as walking or even stretching for only 10-20 minutes every other day. Continuously increase your movement over time when you feel ready and able. It's all about establishing a strong foundation to get your head in the fitness game. Be Your Own DJ: Step into Planet Fitness' Judgement Free Zone with your favorite tunes ready to go. Music is a great mood booster and a way to infuse any workout with great energy as it keeps a good tempo for your heart rate and is an easy way to get yourself in a mindset that you enjoy. A fun thing to do is to create playlists for different types of workouts and even listen to the soundtrack of your favorite movie. Change it Up: It's crucial to keep your routine fresh and exciting so working out doesn't become a chore! The next time you head into the gym, try a new piece of equipment you've never explored or take a shot at a new strength training exercise, do something to shock your body and mind so exercise always feels new and fun. Join Planet Fitness today, where memberships are affordable and include free fitness training. For $24.99 a month, you can get the PF Black Card membership which includes additional amenities such as the ability to bring a guest every day at no additional charge, access to all 2,500+ Planet Fitness locations in all 50 states, and more.
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Russia captured 5 villages in northeast Ukraine as more than 1,700 civilians flee<br/><br/>Moscow's forces captured five villages in a renewed ground assault in northeastern Ukraine, the Russian Defense Ministry said Saturday, and Associated Press journalists in the city of Vovchansk described multiple buildings destroyed after Russian airstrikes and barrages of Grad rockets.<br/><br/>Ukrainian officials didn't confirm whether Russian had taken the villages, which lie in a contested “gray zone” on the border of Ukraine's Kharkiv region and Russia.<br/><br/>Ukrainian journalists reported that the villages of Borysivka, Ohirtseve, Pylna and Strilecha were taken by Russian troops on Friday. Russia said the village of Pletenivka was also taken.<br/><br/>Photos by AP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/>Visit our website at https://www.manilatimes.net <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/> <br/>#themanilatimes<br/>#worldnews <br/>#russia<br/>#ukraine<br/>
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For many years now, there have been two attempts to revive the \
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