DEFINITION of 'Business Bondage'

A state of feeling inexorably intertwined or even imprisoned by your business. Business bondage is frequently experienced by new entrepreneurs and small-business owners. Many factors can contribute to this feeling:

• lack of experience
• financial stress (insufficient capital, late- or non-paying customers, high-interest credit, etc.)
• macroeconomic events (national economic issues, financial market fluctuations, etc.)
• inability to lead or delegate tasks
• inefficient or inadequate business systems
• lack of experienced help/staff
• increase in the competitive environment

BREAKING DOWN 'Business Bondage'

According to the Small Business Administration, business startups fail at a rate of roughly 50% within the first five years. In order to make a business succeed it requires enormous financial, emotional and physical commitment by the owner(s). The flip side of that commitment is the necessity to find life balance or else risk succeeding at work but paying too high a personal cost.

RELATED TERMS
  1. Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket ...
  2. Financial Services Agency - FSA ...

    The Japanese government entity responsible for overseeing banking, ...
  3. New Alternative Transportation ...

    A bipartisan proposal introduced in April, 2011 that amends the ...
  4. Single Interest Insurance

    Insurance policy for lenders or lessors to protect their security ...
  5. Credit Business Associate - CBA

    A designation awarded to those who show mastery in financial ...
  6. Exchange-Traded Commodity (ETC)

    What an exchange-traded commodity (ETC) is, and how it works. ...
Related Articles
  1. Managing Wealth

    Business Vs. Consumer Credit Reports: What's the Difference?

    Find out the difference between a business credit report and a personal credit report, and why it should matter for business owners.
  2. Managing Wealth

    The Pros & Cons Of Owning Rental Property

    Becoming a landlord can be a smart financial move, but be sure you go into it with your eyes open.
  3. Personal Finance

    CFA Vs. Series 7: Which is Easier

    Find out which is exam is easier: The Chartered Financial Analyst (CFA) exam, or the Series 7 securities exam for registered representatives.
  4. Retirement

    Should You Let Your 401(k) Be Managed by Vanguard?

    Find out if Vanguard's reputation and track record as a 401(k) plan provider is as stellar as its reputation and track record as a fund provider.
  5. Retirement

    Retirement Tips for Lawyers

    Learn valuable tips that lawyers can use to prepare themselves financially, mentally and emotionally for a great new life in retirement.
  6. Personal Finance

    First Resume? Tips For High School Students

    Here's how to shape your school projects, babysitting and any other jobs you've had into a resume that will get you hired.
  7. Financial Advisor

    Here's an Asset Manager With Quantitative Analysis Expertise

    Learn about the $39 billion hedge fund firm D.E. Shaw Group in this overview of the firm, its investment strategies and its management team.
  8. Trading

    Choose Abundance and Manage Your Trades Like A Pro

    Professional traders build skills to last a lifetime, not just through the next rally or selloff. Cultivate the psychology and skills that make a successful trader.
  9. Retirement

    How Much Money Do You Need to Retire in India?

    Retirees will find their savings can go quite far in India. The real challenge for many Americans will be obtaining visas and authorizations.
RELATED FAQS
  1. Are 401(k) rollovers taxable?

    Learn what parts are eligible for 401(k) rollover, the tax impact of a direct rollover or manual rollover, and the time limit ... Read Answer >>
  2. Who are BMW's main suppliers?

    Learn more about BMW automotive production, including a list of some of the main automotive parts suppliers that BMW relies ... Read Answer >>
Hot Definitions
  1. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
  2. Portable Alpha

    A strategy in which portfolio managers separate alpha from beta by investing in securities that differ from the market index ...
  3. Run Rate

    1. How the financial performance of a company would look if you were to extrapolate current results out over a certain period ...
  4. Hard Fork

    A hard fork (or sometimes hardfork) is a radical change to the protocol that makes previously invalid blocks/transactions ...
  5. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  6. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
Trading Center