Long hours take toll on small business owners’ health

A study conducted by Opinium for Bizdaq found company owners work on average 50 hours a week against the national average of 37.

Small business owners are working 13 hours a week more than the UK average, and 28% believe their health is negatively affected by running their firm.

Business ownership was more likely to be a burden in the North, with twice as many small business owners (22%) responding that their health was negatively affected, compared to just 11% in the South. Families are also feeling the effects of small business ownership, with 87% of owners with children under the age of 18 not planning to take a family holiday this year. The effects are not just felt in the summer break, as 18% of small business owners felt their enterprise negatively affected their families.

The study found younger business owners were more confident about a post-Brexit future than any other generation. While only 20 per cent of small business owners are more confident about the future since the referendum, this jumps to 45% of owners aged 18 to 34. This far-exceeds the 13% of 35 to 54-year-old business owners and 23% of those aged over 55 who are more confident about the future since the Brexit vote.

Read more about the research from This Is Money.