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90 per cent of small business owners work on holiday

by LLB Reporter
23rd Aug 18 2:31 pm

The UK’s freelance and micro-business sector is packed with workaholics who are increasingly choosing to combine their holiday time with business admin, new research has found.

A new poll from cloud accounting company FreeAgent has revealed that over 90% of micro-business owners admit to checking work-related emails or doing work-related admin while they are on holiday – with nearly two thirds (61%) saying that they do so “regularly”.

In a survey of nearly 600 freelancers and micro-businesses about their experiences of self-employment, 38% of respondents said they work more than 48 hours in a typical week – while 7% said that they typically work 64 hours or more per week.

And the hard-working reputation of the UK’s micro-business sector was further cemented with the revelation that one in nine (11%) respondents will just take a week or less of holiday in 2018 – including 5% who do not expect to take any time off at all from their business this year.

However, FreeAgent believes that freelancers and micro-business owners are actually becoming increasingly adept at dealing with the challenges of self-employment. And it highlights the prevalence of ‘work-ations’ – where people spend some of their holiday time to keeping on top of their business admin – as a key reason for micro-business owners being able to maintain a healthy work/life balance.

Ed Molyneux, CEO and co-founder of FreeAgent, said: “It’s often tough for small business owners to take holidays and get some proper downtime, as many feel they’ll either be abandoning their work or that their business won’t be able to cope if they take a break. But by not taking time off, they also risk their health as they’re not able to properly recharge their batteries.

“The positive news, however, is that we seem to be seeing a shift in how micro-business owners view their holiday time. The greater availability of reliable wifi and 4G networks mean that it’s easier than ever to manage business tasks on the go – even when you’re overseas – and this is leading to more people taking ‘work-ations’ where combine their holiday with work-related tasks that they can do in the hotel, at a cafe or even on the beach.

“That’s a really positive development for micro-business owners. Rather than risking burn-out by staying tethered to their home office or business premises, they’re able to take a holiday and relax but also keep an eye on their business, manage important admin and respond to any emergencies.”

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