Zurich

Small Business Risk at its Highest For Two Years

Small Business Risk at its Highest For Two Years

The risk levels of the UK’s small businesses are at their highest for two years with more than half (56%) of small firms voicing concerns over the current economic climate, Zurich has reported. The survey of over 1,000 small business owners found that almost two in five (39%) believe their business faces more risk now than compared with 12 months ago, with nearly one in 10 (8%) having considered closing down their business in the first few months of 2016. Red tape and workforce related issues were cited as the main areas of concern for business owners with 44% having noted that the skills shortage is holding them back. 39% also said that the weight of regulation and compliance is a stumbling block. This increase in risk levels has had a knock-on effect with 19% of small businesses ha... »

Nearly Half of Small Business Owners Miss Christmas

Nearly Half of Small Business Owners Miss Christmas

Almost half (49%) of the UK’s small business owners worked on Christmas Day last year, according to Zurich’s latest SME Risk Index, with 32% working across email and another 18% actually going into the office. The research indicated the challenges of achieving work/life balance with a further 9% having admitted to missing their child’s naivety play and 13% having missed the Christmas party. Overall, business owners are missing out on important time off. 14% of entrepreneurs surveyed were still yet to take annual leave in 2015 while 18% had not had more than 10 days off in the year. Jason Eatock, head of small and medium business at Zurich, said: “It will come as no surprise to small and medium enterprises that despite commonly held views about the lifestyle benefits of working for yourself... »