Small Enterprise Owners Skip Holidays to Look After Their Business
8% of entrepreneurs take no holidays whatsoever due to the ‘weight of responsibility’ of running a business
Small business owners in the UK are struggling to find work/life balance with only 57% set to take a holiday lasting more than five days in the next year, a report by Zurich has found.
The Small and Medium Sized Enterprises Risk Index, which surveyed over 1,000 small businesses and 300 larger businesses in Britain, revealed that 74% of small business decision-makers took 25 days or less of holiday last year and 48% took 20 days or less, while 31% took just 15 days or less.
According to 8% of the small enterprise owners surveyed, the ‘weight of responsibility’ has meant that they take no holidays whatsoever.
Anne Griffiths, head of small business propositions at Zurich UK, says: “While the common perception that working for yourself provides day-to-day flexibility appears to ring true, it is undeniable that running your own business is a balancing act.
“Employees at larger businesses are reporting the freedom to take more holiday without affecting business operations, where smaller businesses are really feeling the strain in holiday season. The sheer responsibility of owning a business is clearly weighing heavy on business owners’ shoulders.”