The majority of owners of Britain’s 2.86 million small businesses (52 per cent) take five or fewer days off a year, a new study has shown, with more than one in three working whilst they’re away, in an attempt to improve their business success, with only 15 per cent taking the time as a break.
CHW Bolton Accountants can help to free up your time. Have you ever thought about outsourcing? Letting someone else manage your accounts can help to free up time so you can enjoy a well earned break.
The research also found that despite ensuring that their teams utilise their annual leave, they weren’t taking their own advice. With approximately one in five taking no holidays at all last year.
Understandably, entrepreneurs are continuing to increase the amount of hours they can squeeze into each day, week, month and year as they try to grow their business. The competitiveness of the UK market is leading small business owners to prioritise work over relaxation. Besides the potential health issues, there’s also the issues of potential burn out and overall lower productivity.
Ian Orgill commented: “We understand that all too often it’s easy to fall into the habit and work whilst you’re meant to be on holiday, clearly plenty of us are guilty of it. As business owners we should take our own advice and ensure we return to work fully recharged to ensure we’re productive on our return.”
The research suggests that with the technology surrounding business owners, and the expectations of people, it’s making it even harder for business owners to “escape” or “switch off”. With most business owners utilising their smartphones for calls, emails and text messages – these notifications can easily keep them busy whilst they’re on the sun lounger.
For advice on how CHW can help to free up your time as a business owner, through outsourcing and the clever use of technology, contact us today.
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30 September 2019
As with your personal credit rating, your business credit rating should be something you consider regularly. A poor credit rating could impact your ability to raise finance, the credit terms you’re offered, or even the suppliers that will deal with you.