Insurance · 2 March 2017

Small business owners reap the benefits of a healthy work-life balance

Work-life balance
Encouraging employees to consider their work-life balance could bring a line of benefits to a small business
Maintaining positive physical and mental wellbeing could be the key to success in 2017, as new research shows the importance of a healthy work-life balance to small UK business owners.

In its new Make or Break? report, accounting software provider Xero found that almost four in five owners at small companies agreed their physical and emotional healthhad a direct impact on bottom line profits.

Encouraging a positivework-life balance across all levels of a business was ranked as the second biggest productivity boost among owners.

Some 85 per cent of small business owners agreed it was important to take breaks from work when necessary, while over half claimed they planned to take more time off from running their company this year than in 2016.

Xero’s UK managing director, Gary Turner, claimed sensibleworking habitscould prove vital? in solving Britain’s so-called productivity puzzle.

our report reveals that small business owners are actively encouraging a healthier work-life balance for themselves and their staff, being rewarded with increased productivity as a result, he said in a statement.

Turner added: Running a small business can be all-consuming but it’s great to see that small business owners are taking a holistic approach to their mental wellbeing and are ensuring that the health of their business doesnt come at the cost of their own.

Recent research also uncovered the negative impact of unhealthy employees on productivity poor lifestyle choices such as smoking were found to cost small businesses an average 27.5 working days every year.

Commenting on Xero’s findings, Josephine Fairely, co-founder of organic chocolate brand Green & Black’s, emphasised the importance of a positive work-life balance for UK entrepreneurs.

your own health and wellbeing is of paramount importance as a small business owner and it’s great to see that small business owners are seeing the connection between personal health and their bottom line.

Flexible working was found to be a rising force in the world of business productivity. Some 42 per cent of owners reported that stepping away from traditional nine to five office structures had benefitted their company.


 
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ABOUT THE EXPERT

Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

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