Satisfaction is growing among food service start-ups. Whereas 77 per cent of entrepreneurs in the industry were satisfied or even very satisfied with their situation in 2014, this value rose again by 3 per cent in 2015. Among larger businesses with eleven or more employees, satisfaction is even slightly higher. Caterers are the happiest, at 88 per cent, and takeaway operators are the least satisfied in relative terms, at 70 per cent.
What makes entrepreneurs happy? Above all, economic success. Satisfaction grows as company size and annual turnover increase. In businesses with more than eleven employees, 86 per cent of surveyed owners are happy, while in companies with fewer than six employees the rate is just 75 per cent. Where annual sales exceed €500,000, the rate of satisfaction climbs to 92 per cent.
Economic worries cast a shadow
Accordingly, the most important factor in entrepreneurial happiness is the company’s financial situation. But idealistic factors such as exercising responsibility, the passion for running one’s own business, and outside recognition also influence business owners’ personal feeling of satisfaction. The greatest source of dissatisfaction for entrepreneurs is economic worry. Almost half of those surveyed, 48 per cent, name financial insecurity as a palpable burden, a slight rise (3 per cent) from the 2014 level. The prevalence of fears about their company’s existence, which affect more than one third of business owners, showed a similar increase, rising by 2 percentage points over the previous year.