According to a new survey, the key to happiness may be filing an LLC.
Sixty-nine percent of surveyed small business owners in the TD Small Business Happiness Index said that they felt “very happy.” The biggest contributors to their happiness were the sense of accomplishment that comes with forming a company and a personal connection to their employees. Those reasons were cited by 97 and 94 percent of respondents, respectively.
“With such optimism and determination, it’s no wonder that small businesses are leading the way to economic recovery,” said Fred Graziano, Head of Retail and Small Business Banking for TD Bank. “They’re willing to tackle the ongoing challenges of managing a business in exchange for the personal satisfaction of being their own boss.”
Small business owners also feel more fulfilled than the average person. Sixty-one percent of small business owners said that they believed they were happier than those around them, and nine out of 10 reported that they were happier being their own boss than they could be in a normal job.
That sense of pride can also translate into a successful business. A recent study from the Guardian Life Small Business Research Institute found that self-fulfillment was one of the biggest keys for a small business owner.
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