Home Business NewsBusiness 1.3 million small business owners’ health under threat

1.3 million small business owners’ health under threat

by LLB Reporter
5th Aug 16 11:56 am

It’s true…

Small business owners are working thirteen hours a week more than the UK average, negatively impacting the health of 28% small business owners, according to a survey commissioned by business for sale marketplace, Bizdaq (www.mybizdaq.com).

The research, conducted by Opinium, found that 1.3 million small business owners are suffering health issues due to the pressures of running a small business, with 660,000 of those owners feeling that the business has a negative impact on their mental health.

Small business owners were found to be working an additional 13 hours extra per week (50 hours per week) compared to the UK average (37 hours), with 370,000 small business owners working 60+ hours a week and as many as 94,000 owners working 80+ hour weeks.

Business ownership was most likely to be a burden in the North of England, with twice as many Northern small business owners (22%) responding that their health was negatively impacted than Southern business owners (11%). The East Midlands was found to be the most negatively impacted region, with 34% of owners saying their health was affected, whilst the South East was the least affected with only 8%.

Families are feeling the effect of small business ownership too, with 87% of small business owners with children under the age of 18 not planning to take their children on holiday this year. This lack of family time isn’t just felt during the summer break though, as 18% of small business …

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