Entrepreneurs "struggle" with work-life balance - Mitrefinch

0%

Mitrefinch logo

Our blog

Book a demo

Entrepreneurs “struggle” with work-life balance

Published: October 7, 2016

A high street bank believes many of Britain’s entrepreneurs are struggling to maintain a good work-life balance.

Lloyds Bank’s research into small business owners in the country revealed 30 per cent of new company owners have not taken a holiday in more than two years, while 34 per cent admitted they are not planning to take a break in the near future.

The research also found many are working up to 20 hours more than the average UK employee, while those who do manage to take some time away find they are often checking-in on a regular basis with clients or colleagues.

Jo Harris, managing director of Lloyds Bank Retail Business Banking, said: “Many entrepreneurs make the leap into business ownership full of promise for more control and flexibility – getting away from a 9-5 desk existence. Being your own boss delivers countless benefits, but the responsibility that comes with it can make it harder to switch off and go on holiday.

“This drive and determination is the lifeblood of start-ups, but it’s important to seek out ways of getting support to allow you to take a break.”

There was also a variation within the opinions of business owners based on age, with 32 per cent of entrepreneurs aged between 18-34 believing their work balance is better than when they were employed, compared to 65 per cent of those aged between 35 and 44.

Mitrefinch provides self-service HR software that is perfect for employees on different schedules, as well as supporting flexible working patterns.  

Don't waste time

Empower your teams with integrated Time and Attendance, HR and Payroll solutions