How Much Time Should an Entrepreneur Expect to Invest?
While the time required can vary significantly depending on the type and stage of the business, here are some general expectations:
Initial Phase: During the startup phase, entrepreneurs can expect to work 60-80 hours per week. This time is spent on activities such as market research, product development, and securing funding. Growth Phase: As the business grows, the time commitment may decrease slightly but remains substantial, often around 50-60 hours per week. Focus shifts to scaling operations and expanding the customer base. Maturity Phase: Once the business is well-established, the time required may stabilize around 40-50 hours per week. The focus is on maintaining stability and exploring new opportunities.