Insurance · 3 February 2016

Small business owners regularly risking health for the sake of their business

Small Business Census
Half of those surveyed were more stressed as an SME owner than they had been in their previous job
More than ten per cent of small business owners are so concerned about ensuring the success of their firm that they get less than four hours sleep each night, according to new research by Instaprint.

The firm’s annual Small Business Census also revealed that one in five have missed medical appointments due to work commitments, while 45 per cent have sacrificed family time for the sake of the enterprise. And half of those surveyed admitted to being more stressed as an SME owner-manager than they had been in their previous job.

Commenting on the findings, Emma Mamo, head of workplace wellbeing at mental health charity Mind, told Business Advice: Too many small business owners are failing to make enough time for their lives outside work, losing sleep due to stress and sacrificing social activities with family and friends.

“Having a good work-life balance, including regularly having time off, is key to staying mentally healthy. Taking proper breaks and getting enough sleep allows us to return refreshed and revived, and perform at our best.Every business owner wants to ensure their business is a success and this can mean putting in the extra hours from time to time. But consistently working long hours and managing an excessive workload can take their toll on our physical and mental health, with the potential to negatively affect business performance.

“Staff who look after their mental wellbeing are more productive, have higher morale and are less likely to need time off sick. So it’s in the interests of all small business owners, and employees more generally, to ensure that they give as much priority to their personal life as they do their jobs.


 
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ABOUT THE EXPERT

Hannah Wilkinson is a reporter for Business Advice. She studied economics and management at Oxford University and prior to joining Business Advice wrote for Kensington and Chelsea Today about business and economics as well as running a tutoring company.

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