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. Financial Services Agency - FSA ...

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

    A bipartisan proposal introduced in April, 2011 that amends the ...
  3. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs ...
  4. Exchange-Traded Commodity (ETC)

    What an exchange-traded commodity (ETC) is, and how it works. ...
  5. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  6. Macroeconomic Factor

    A factor that is pertinent to a broad economy at the regional ...
Related Articles
  1. Managing Wealth

    Eight Financial Safeguards If Disaster Strikes

    In an emergency like a fire, hurricane, flood, tornado or earthquake, you may not be able to protect your home. But you can take steps to avoid financial disaster.
  2. 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.
  3. Retirement

    5 Banks That Will Pay You to Roll Over a 401(k)

    Discover which five financial institutions will pay you a cash bonus or match when you roll over assets from an old 401(k) or qualified retirement plan.
  4. Small Business

    Need a Loan for Your Startup? Here's How to Prepare a Thorough Loan Package

    Learn how to craft the vital components of a loan package for your startup small business, and how to package it to be as appealing to the lender as possible.
  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

    What Is A Business Analyst And How Much Do They Make?

    Business Analysis has been a buzzword as a career option. Here is what business analysts do and how much they earn in salary and compensation.
  7. 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.
  8. Financial Advisor

    Career Advice: Investment Banking Vs. Investment Management

    Review an in-depth comparison between investment banking and investment management, their respective career paths and which one you should choose.
  9. Insights

    Is Brazil Currently in a Depression?

    Find out if Brazil, the world's seventh-largest economy, may have finally slipped into an economic depression, and learn the reasons why.
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 >>
  3. How do I calculate yield in Excel?

    Learn about yield as it pertains to bonds and how to calculate this prospective valuation of an investment's total return ... Read Answer >>
Hot Definitions
  1. Treasury Bill - T-Bill

    A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T-bills are sold in denominations ...
  2. Index

    A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is a hypothetical ...
  3. Return on Market Value of Equity - ROME

    Return on market value of equity (ROME) is a comparative measure typically used by analysts to identify companies that generate ...
  4. Majority Shareholder

    A person or entity that owns more than 50% of a company's outstanding shares. The majority shareholder is often the founder ...
  5. Competitive Advantage

    An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers ...
  6. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities ...
Trading Center