{"id":85172,"date":"2023-04-24T03:00:00","date_gmt":"2023-04-24T10:00:00","guid":{"rendered":"https:\/\/honeybook-blog.site.strattic.io\/?p=85172"},"modified":"2023-08-14T10:10:45","modified_gmt":"2023-08-14T17:10:45","slug":"independent-business-owner-stats","status":"publish","type":"post","link":"https:\/\/hbb.dev.reliablepenguin.com\/blog\/independent-business-owner-stats","title":{"rendered":"BONUS: 9 stats every independent business owner needs to know with Akua Konadu"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"2000\" height=\"1548\" src=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua.jpg\" alt=\"\" class=\"wp-image-85173\" srcset=\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua.jpg 2000w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-300x232.jpg 300w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-1024x793.jpg 1024w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-768x594.jpg 768w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-1536x1189.jpg 1536w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><\/figure>\n\n\n\n<p>If you\u2019re intrigued by data, today\u2019s episode is for you. We\u2019re discussing nine stats that every independent business owner needs to know based on the findings of the recent <a href=\"https:\/\/honeybook.com\/\">HoneyBook<\/a> and <a href=\"https:\/\/theharrispoll.com\/\">Harris Poll<\/a> survey on <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/independent-business-statistics\">independent businesses<\/a>. Akua Konadu joins us to discuss these important stats while also unpacking our own lived experiences regarding each.<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/podcast.honeybook.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Independent Business podcast<\/a> is powered by<\/span> <a href=\"https:\/\/honeybook.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">HoneyBook<\/span><\/a><span style=\"font-weight: 400;\">, the all-in-one platform for anyone with clients. Book clients, manage projects, get paid faster, and have business flow your way with HoneyBook. Use the code PODCAST to get 20% off your first year as a new member.<\/span><\/p>\n\n\n\n<iframe src=\"https:\/\/embed.acast.com\/642c3f15a5f38c0011f3c907\/6439bd6a8afaa70011100a47?accentColor=ffffff&#038;bgColor=000000&#038;secondaryColor=ffffff&#038;font-family=Metrophobic&#038;font-src=https%3A%2F%2Ffonts.googleapis.com%2Fcss%3Ffamily%3DMetrophobic\" frameBorder=\"0\" width=\"100%\" height=\"110px\"><\/iframe>\n\n\n\t\t<div data-elementor-type=\"section\" data-elementor-id=\"84892\" class=\"elementor elementor-84892\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div class=\"elementor-element elementor-element-91ebf4f e-flex e-con-boxed e-con e-parent\" data-id=\"91ebf4f\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1b1456a e-flex e-con-boxed e-con e-parent\" data-id=\"1b1456a\" data-element_type=\"container\" 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30.2687 25.1785 29.7741L35.0566 20.2996C37.5819 17.7159 40 14.9236 40 11.0513C40.0003 9.59998 39.7187 8.16278 39.1713 6.82183C38.6239 5.48089 37.8214 4.26248 36.8096 3.23621C35.7979 2.20994 34.5968 1.39592 33.2748 0.84064C31.9529 0.285361 30.536 -0.000291128 29.1052 2.22647e-07Z\" fill=\"white\"><\/path><\/g><defs><clipPath id=\"clip0_101_2\"><rect width=\"40\" height=\"30\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">iHeart Radio<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-962fa2c elementor-align-center elementor-widget__width-initial elementor-widget elementor-widget-button\" data-id=\"962fa2c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.youtube.com\/@HoneyBook\/videos\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-youtube\" viewBox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M549.655 124.083c-6.281-23.65-24.787-42.276-48.284-48.597C458.781 64 288 64 288 64S117.22 64 74.629 75.486c-23.497 6.322-42.003 24.947-48.284 48.597-11.412 42.867-11.412 132.305-11.412 132.305s0 89.438 11.412 132.305c6.281 23.65 24.787 41.5 48.284 47.821C117.22 448 288 448 288 448s170.78 0 213.371-11.486c23.497-6.321 42.003-24.171 48.284-47.821 11.412-42.867 11.412-132.305 11.412-132.305s0-89.438-11.412-132.305zm-317.51 213.508V175.185l142.739 81.205-142.739 81.201z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">YouTube<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/episode-5-transcript\" target=\"_blank\" rel=\"noreferrer noopener\">Transcript<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">9 important statistics regarding independent businesses<\/h2>\n\n\n\n<p>In a recent study conducted by The Harris Poll, HoneyBook surveyed 509 independent business owners and 2,052 U.S. adults (of which, 932 were employed but not currently independent business owners). Upon reviewing the data, there were nine key stats that stood out to our team\u2014so much so that we wanted to dive deeper into the discussion of what they meant and how they impacted independent business owners.<\/p>\n\n\n\n<p>You can read the full recap on the <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/independent-business-statistics\" target=\"_blank\" rel=\"noreferrer noopener\">state of independent business here<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-4095cce\" data-block-id=\"4095cce\"><style>.stk-4095cce{height:50px !important}<\/style><\/div>\n\n\n\n<div id='lightbox-inline-form-f7d37f1b-4a8e-4762-b0ea-9424de78c464'><\/div><div id='variation-inline-form-var-06ce7aab-c2b7-42fb-9ae9-4a8b3ecc2673'><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-ba582d2\" data-block-id=\"ba582d2\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">More than half of employed adults (who are not currently self-employed) say they&#8217;ve considered leaving their current job to work for themselves.<\/h2>\n\n\n\n<p>When considering their employment options, 51% of surveyed adults who were not self-employed wanted to leave their W2 jobs to work for themselves\u2014the majority of people working are looking to start an independent business. Beyond that statistic, of those adults considering leaving their job:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>44% have considered it in the last year, which might be a reflection of the shift in reframing our mindset around self-reliance through the pandemic.<\/li>\n\n\n\n<li>68% wanted to start a business because they wanted to make more money for themselves.&nbsp;<\/li>\n\n\n\n<li>66% said that their overall quality of life would improve.<\/li>\n<\/ul>\n\n\n\n<p>Unfortunately, 14% of individuals who started their businesses said they did so in order to avoid workplace discrimination (30% of those individuals aged 18\u201325 and 24% were black independent business owners).<\/p>\n\n\n\n<center><blockquote class=\"instagram-media\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/reel\/CrbKYnuvp2W\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\"><div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/reel\/CrbKYnuvp2W\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\" rel=\"noopener\"> <div style=\" display: flex; flex-direction: row; align-items: center;\"> <div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div> <div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\"> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div><\/div><\/div><div style=\"padding: 19% 0;\"><\/div> <div style=\"display:block; 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font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div><\/div><div style=\"padding: 12.5% 0;\"><\/div> <div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\"><div> <div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div> <div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div> <div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div><\/div><div style=\"margin-left: 8px;\"> <div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div> <div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div><\/div><div style=\"margin-left: auto;\"> <div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div> <div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div> <div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div><\/div><\/div> <div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\"> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div><\/div><\/a><p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/reel\/CrbKYnuvp2W\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\" rel=\"noopener\">A post shared by HoneyBook (@honeybook)<\/a><\/p><\/div><\/blockquote> <script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/center>\n\n\n\n<h3 class=\"wp-block-heading\">72% of independents didn\u2019t start their careers aspiring to become a business owner. The benefits won them over and they chose to become entrepreneurs.<\/h3>\n\n\n\n<p>While we see aspirations and dreams coming true in independent business ownership, not every independent business owner aspired to become a business owner when they started their career (72%). Natalie Franke is among this group\u2014her passion for photography and the nosedive that the economy took in 2008 impacted her decision to become an independent business owner.<\/p>\n\n\n\n<p>Many independent business owners ultimately fall into entrepreneurship or are presented with an opportunity that opens the door to the benefits of being an entrepreneur.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">62% of people who are considering leaving their W2 job to work for themselves are worried about not making enough money.&nbsp;<\/h3>\n\n\n\n<p>Over half of the independents who wanted to leave their job hesitated and worried about not making enough money. In any business, cash flow is the key to creating steady and consistent income, which can ultimately be a hurdle in entrepreneurship.<\/p>\n\n\n\n<p>On the other hand, there is a misconception that W2 work is guaranteed income. Consider the multiple streams of revenue you can have as an independent business owner versus the one stream of income you have as a W2 employee. If you have that one paycheck as an employee and get laid off tomorrow, you\u2019re not guaranteed any income.<\/p>\n\n\n\n<p>Not only is the money a concern, but independents interested in leaving a W2 position were also concerned with:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Difficulty finding work and\/or clients (43%)<\/li>\n\n\n\n<li>Not knowing where to start\/feeling overwhelmed (41%)<\/li>\n\n\n\n<li>The burden of the admin responsibilities that come with running a business (36%; finance, marketing, taxes, etc.)&nbsp;<\/li>\n\n\n\n<li>36% worry about the loss of health insurance and benefits<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-6c6211d\" data-block-id=\"6c6211d\"><\/div>\n\n\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-7a00013\" data-block-id=\"7a00013\"><figure class=\"stk-img-wrapper stk-image--shape-stretch\"><img decoding=\"async\" class=\"stk-img wp-image-85233\" src=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/AkuaKonadu.jpg\" width=\"1600\" height=\"900\" alt=\"Akua and Harris Poll Quote\" srcset=\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/AkuaKonadu.jpg 1600w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/AkuaKonadu-300x169.jpg 300w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/AkuaKonadu-1024x576.jpg 1024w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/AkuaKonadu-768x432.jpg 768w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/AkuaKonadu-1536x864.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-611f6ab\" data-block-id=\"611f6ab\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">84% of independent business owners think there should be more government resources and financial assistance dedicated to supporting them.&nbsp;<\/h3>\n\n\n\n<p>In the United States, independent business owners are looked to as the backbone of the country. Why is the American system not designed for independent business owners in the same way that it is positioned for W2 workers?<\/p>\n\n\n\n<p>In the U.S., employees access key resources through their employers, often including healthcare, parental leave, retirement savings plans, workers&#8217; compensation, or disability insurance. When you go independent, you have to fill those gaps. Additionally, consider affordable childcare: <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/independent-business-statistics\" target=\"_blank\" rel=\"noreferrer noopener\">62% say the government does not do enough to improve access to it<\/a>, which independent business owners need to grow their businesses.&nbsp;<\/p>\n\n\n\n<p>If there were more available government resources and financial assistance supporting independent business owners, we would likely see more success and longevity in the lifespan of small businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">92% of independent business owners agree that their overall quality of life has improved since they started working for themselves.<\/h3>\n\n\n        <lite-youtube class=\"\" \n        videoid=\"bNSGAU05Sdw\" params=\"controls=1&#038;start=0&#038;end=0&#038;rel=0\" \n\n                    thumbnailresolution=\"res=recommended\"\n                \n        \n        ><\/lite-youtube>\n    \n\n\n<p>While we highlight a variety of stats that share the hesitations of employees leaving their jobs to pursue an independent business, one of the more hopeful and promising results from the survey included 92% of independent business owners agreeing that their overall quality of life has improved since they started working for themselves.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">78% of independent business owners said running a business comes with more challenges than they anticipated.&nbsp;<\/h3>\n\n\n\n<p>As independent business owners begin their journey into entrepreneurship, they expect it to be hard\u2014the reality is that it\u2019s so much harder than you expect in ways they never expected. Some of the most common challenges include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>41% say staying on top of all of the admin tasks that go into running a business.&nbsp;<\/li>\n\n\n\n<li>Pricing their services (36%)<\/li>\n\n\n\n<li>Finding and booking new leads (35%)&nbsp;<\/li>\n\n\n\n<li>Setting and maintaining work-life boundaries (32%)&nbsp;<\/li>\n\n\n\n<li>Clients ghosting them (23%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Did you know that if you waste 45 minutes a day in your business on something you could automate or outsource, over the course of your career, you\u2019ll lose an entire year of your life to those tasks? This is where automation tools and outsourcing can be beneficial for you as a business owner, and also help you create an amazing client experience.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p><em>\u201cThere is never really a bad time to start a good business.&#8221;<\/em><\/p><cite><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/growing-your-business-in-recession-donald-miller\" target=\"_blank\" rel=\"noreferrer noopener\">Donald Miller<\/a><\/cite><\/blockquote><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">More than three in 10 independent business owners say that making an error that causes them to lose business keeps them up at night.<\/h3>\n\n\n\n<p>Independent business owners tend to put the most pressure on themselves, worrying about making an error in their business. This fear keeps 3 in 10 independent business owners awake at night. Slightly more than one-quarter (27%) say \u201cdropping the ball\u201d makes them toss and turn.<\/p>\n\n\n\n<p>Thankfully you can utilize tools in your business to help you build systems, automate workflows, and better communicate with your clients to ensure you can worry less about letting your clients down.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1 in 5 independent business owners has lost money due to a lack of organization.&nbsp;<\/h3>\n\n\n\n<p><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/exceed-client-expectations\" target=\"_blank\" rel=\"noreferrer noopener\">Client relationships<\/a> are at the heart of how independent businesses operate, which is why staying organized, communicating consistently, and responding to inquiries quickly are key to their success. Virtually all independents (93%) know this, yet two in five (40%) acknowledge that their business processes are inefficient but they don\u2019t know how to improve them.<\/p>\n\n\n\n<p>Maybe you\u2019ve run into an organizational issue before and beat yourself up over it. The lesson here is to give yourself grace, but learn from it and implement new systems.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Stat 9: Nearly two-thirds (65%) anticipate that their net revenue will increase in the next year and the majority of independents (82%) have taken or plan to take steps to ensure it does<\/h3>\n\n\n\n<p>There is always going to be a lot of uncertainty about the future, yet independent business owners are resilient and adaptable. Despite conversations and fears about a recession, independent business owners are investing in their business, because they believe in it.<\/p>\n\n\n\n<p>So where are they investing in their business in anticipation of seeing that growth?<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Social media or advertising (39%)<\/li>\n\n\n\n<li>Hiring staff or additional support (26%)<\/li>\n\n\n\n<li>Outsourcing more tasks (26%)<\/li>\n\n\n\n<li>Securing external financing (23%)<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-17b3e24\" data-block-id=\"17b3e24\"><\/div>\n\n\n\n<div id='lightbox-inline-form-72d76c86-612d-405d-b925-c461f6acfb95'><\/div><div id='variation-inline-form-var-143a635f-7d64-4314-88c6-796252bc7e73'><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-16bbf86\" data-block-id=\"16bbf86\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Important sections of the conversation<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>[4:44] Stat 1<\/li>\n\n\n\n<li>[15:19] Stat 2<\/li>\n\n\n\n<li>[18:34] Stat 3<\/li>\n\n\n\n<li>[27:08] Stat 4<\/li>\n\n\n\n<li>[35:08] Stat 5<\/li>\n\n\n\n<li>[44:14] Stat 6<\/li>\n\n\n\n<li>[47:50] Stat 7<\/li>\n\n\n\n<li>[51:46] Stat 8<\/li>\n\n\n\n<li>[56:36] Stat 9<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-bf955b6\" data-block-id=\"bf955b6\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Sources mentioned in this episode<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/amaandakua.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ama and Akua<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/independent-business-statistics\" target=\"_blank\" rel=\"noreferrer noopener\">Independent Business Survey (HoneyBook &amp; The Harris Poll)<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/change-the-world\" target=\"_blank\" rel=\"noreferrer noopener\">Episode 4: How to Change the World from Where You Are Now with Danielle Coke<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/growing-your-business-in-recession-donald-miller\" target=\"_blank\" rel=\"noreferrer noopener\">Episode 3: Grow Your Business in a Recession with Donald Miller<\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Connect with the guest<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Website:<\/strong> <a href=\"https:\/\/akuakonadu.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">akuakonadu.com<\/a><\/li>\n\n\n\n<li><strong>Instagram: <\/strong><a href=\"https:\/\/www.instagram.com\/akuakonadu_\/\" target=\"_blank\" rel=\"noreferrer noopener\">instagram.com\/akuakonadu_<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re intrigued by data, today\u2019s episode is for you. We\u2019re discussing nine stats that every independent business owner needs to know based on the findings of the recent HoneyBook and Harris Poll survey on independent businesses. Akua Konadu joins us to discuss these important stats while also unpacking our own lived experiences regarding each. [&hellip;]<\/p>\n","protected":false},"author":855,"featured_media":85173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[513],"tags":[61,80,511,514],"class_list":["post-85172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-independent-business-podcast","tag-creative-entrepreneur","tag-creativity","tag-independent-business-owner","tag-podcast"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua.jpg",2000,1548,false],"thumbnail":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-150x150.jpg",150,150,true],"medium":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-300x232.jpg",300,232,true],"medium_large":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-768x594.jpg",768,594,true],"large":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-1024x793.jpg",1024,793,true],"1536x1536":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua-1536x1189.jpg",1536,1189,true],"2048x2048":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/04\/Independent-Business-Stats-Akua.jpg",2000,1548,false]},"post_excerpt_stackable_v2":"<p>If you\u2019re intrigued by data, today\u2019s episode is for you. We\u2019re discussing nine stats that every independent business owner needs to know based on the findings of the recent HoneyBook and Harris Poll survey on independent businesses. Akua Konadu joins us to discuss these important stats while also unpacking our own lived experiences regarding each. The Independent Business podcast is powered by HoneyBook, the all-in-one platform for anyone with clients. Book clients, manage projects, get paid faster, and have business flow your way with HoneyBook. Use the code PODCAST to get 20% off your first year as a new member.&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/category\/independent-business-podcast\" rel=\"category tag\">Independent Business podcast<\/a>","author_info_v2":{"name":"Haylee Gaffin","url":"https:\/\/hbb.dev.reliablepenguin.com\/blog\/author\/hayleegaffin"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>9 Stats Independent Business Owners Should Know | HoneyBook<\/title>\n<meta name=\"description\" content=\"Based on the findings of our Harris Poll survey, we\u2019re discussing 9 stats that every independent business owner needs to know.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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