working hours

Business owners warned! Avoid Recession Burnout.

Half of small–business owners worked more than 60 hour weeks in January 2009 to combat the effects of the recession, according to business networking website BT Tradespace. Research from BT Tradespace also showed that 8% of small–business owners spent more than 100 hours a week working. Commenting on the research, the Stress Management Society warned that business owners’ productivity will suffer if they continue to work such long hours. Stress Management Society director Neil Shah said: “Small–business owners should ensure that they maintain enough energy to continue their long working hours by taking time out to relax,” “Many business owners think throwing more hours and effort at the issue will give them the results they need. But actually if yo... »

Working Hours

Stressed Entrepreneurs Working 50 Hour Week

Small–business owners are being forced to work longer hours and scrap holiday plans to counteract the effects of the slowing economy, according to the Bank of Scotland (BoS). The survey of 1,000 UK small firms revealed that business owners are now working an average 50 hour week – an increase of almost three hours per week compared to this time last year. In addition, it found that 24% of entrepreneurs are not planning to take a full week’s holiday this year. However, the research also highlighted that the extra working hours are paying dividends. The survey found that small–business owners who had worked an average of 52 hours per week saw their business grow 10% or more a year in size, while those who worked an average of 46 hours per week only saw their firm grow... »