Small business owners sacrifice family life

27th March 2008

Leading UK-based accounting software company Kashflow has claimed that small business owners are making big sacrifices to ensure that their businesses are getting off the ground...

Of the 400 UK small business owners who took part in a recent survey, 32% said that they often forego family time. This suggests, Kashflow said, that small business owners are struggling to manage an acceptable work/life balance putting a strain on family life due to the pressures of their business.

The lack of family time may also coincide with the fact that the largest UK company classification is businesses with zero employees, with over 3.2 million companies being run single-handed.

The survey also found that 18% of small business owners now claim to have less disposable income, which presumably contributes to the fact that 8% said they had not had a holiday for several years.

Duane Jackson, Managing Director of Kashflow, said: "The research was commissioned to help us to gain a better understanding of the personal sacrifices small businesses are undertaking to ensure business success. The findings have provided a valuable insight into what measures can be taken in order to assist small businesses with their struggles."

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