Britains SMEs working longer hours

Britains SMEs working longer hours

Despite the continued upward trend of prosperity of Britain’s SMEs (underlined by the fact that year-on-year the amount of commercial mortgagesin the UK is rising), it appears as though it is at a price… longer hours!

On average, British entrepreneurs are working 47 hours a week. Entrepreneurs in Yorkshire and Humberside are clocking up the highest average hours with 50 per week. This is naturally affecting holiday time taken, with an average of 16.5 days per year taken by British entrepreneurs – 3.5 less than the statutory minimum for UK employees of 20.

These are the results of a recent survey conducted by Bank of Scotland Business Banking, investigating the work-life balance culture of Britain’s small business managers. The overwhelming statistic stimulated from their survey, highlighted that 54% of the respondents found the running of their business:
a) stressful
b) had a negative impact on other aspects of their lives (health, home life etc…)

However, it appears as though, for many, stress is the price you pay for success. Those small business finance managers and owners whose firms were growing at over 10%, the average working week was 51 hours – 4 hours more than the UK average of 47 per week!

I write for and behalf of General Finance Centre href=http://www.generalfinancecentre.com>General Finance Centre