If you are a small business owner then the likelihood is that at one time or another you will have found yourself doing jobs that are otherwise below your pay grade… Wondering do all business owners have to run down to the shop to buy milk for everyone? I’m sure one time or another you have asked yourself… Is this really going to work will I still be in this same small office in the next 5 years? Or maybe you have found yourself working at unusual hours wondering… Do all small business owners work at 2 am in the morning? Well a recent study may have the answers all those questions and more.
According to a recent survey by AXA PPP Healthcare the next half a decade spells a time of prosperity for Small Businesses. The survey found that 62% of small business owners are prospering and that 2/3 of SME owners have very positive predictions for the next 5 years of business.
Whilst 58% of SMEs acknowledge the additional flexibility that owning a business allows them to have. 70% of all SMEs in the surveyed mentioned that that are proud, inspired and happy to be owning their own business. Business director for AXA PPP Healthcare, Glen Parkinson, said: “The future looks bright for the UK’s SMEs, which is great news for the economy, as they are the backbone of our economic output.”
Business strategy was the area that most surveyed small business owners said preoccupied most of their time with 81% of business owners involved in business strategy daily. A further 61% of small business owners are also involved in the day-to-day tasks of business operations. Painting the picture of a very hands-on approach for small business owners.
Over 1/3 of business owners are happy to switch off from their business after work hours and find themselves enjoying time with family (35% of time), exercising (22% of time) and going down the local for a few refreshing pints (11% of time).
In total 2/3 of all SME owners have stated that they have a good work-life balance!
If you want to keep more time for yourself, reduce stress and spend time working on what you are really good at, then why not have Andrew Keates Liverpool Accountants take care of your payroll and finance. To find out how we can help you and your business book a free no-obligation consultation today.