Connect with us

Hi, what are you looking for?

Editor’s Pick

Nearly three quarters of SMEs owners feel isolated from friends and family

<?xml encoding=”utf-8″ ??>

Nearly three quarters of small and medium-sized enterprise (SMEs) owners feel isolated from their friends and family as a result of the hours they work.

A study, of SME leaders and decision makers, found 59% can ‘never switch off’ from their job.

This has caused 75% to argue with their loved ones because they’ve spent too much time working – with one in 10 grafting for at least 50 hours in a typical week.

One of the main drivers to starting their own business venture was so they could set their own working hours, however, 44% admit they now work more than they should.

Steve Hackley, managing director for Sky Business, which commissioned the research, said: “It can be hard work being your own boss.

“There’s always a temptation to just do one more thing – and these long working hours can very easily lead to burnout.

“Almost everyone feels stress about their work, and we understand that this is exacerbated when your entire business performance is potentially on the line.

“But our results show SME owners are still satisfied with their decision to set up on their own, even if they end up working more than they’d like.

“And the resilience of this group remains impressively strong.”

The research found in the early days of their business, 84% worked or are working overly long hours, in the hope that in future they will be able to do less.

And despite knowing their work is taking over their lives – or perhaps because of it – 53% of SME owners and decision makers describe it as stressful.

Nearly two thirds (64%) also admitted to losing sleep at least sometimes as a result of stress from work.

Work worries are most likely to hit in bed at night (27%), just before work begins (24%) or when getting ready to go to sleep (24%

Another 23% of those who stress about work feel it from the moment they wake up, according to the research.

But no matter how difficult work gets, 74% say they could never work for someone else – and 61%of SME owners and decision makers think their business will be in a better place in 12 months.

When asked what would ensure the smooth operation of their business in the coming year, a reliable internet connection was cited by 59% of respondents.

Steve Hackley, of Sky Business, added: “We conducted this research in order to better understand the challenges businesses in the UK are facing.

“We always want to know what businesses need, so we can continue to tailor our products and services to suit them – knowing the mindset of the marketplace allows us to be better providers.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



The rapid advancement of digital technologies has gained momentum to a degree that it transformed almost every aspect of modern life. From enhanced and...


Massive construction activities that are ongoing and upcoming across Eastern, Central, and Western Visayas are further driving demand in the region’s construction industry this...


Amidst the picturesque Dole pineapple plantation, SATNET powered by Kacific bridges the connectivity gap. Have you ever wondered how a leading, remote food processing...


US dollar banknotes are seen in this illustration taken July 17, 2022. — REUTERS By Keisha B. Ta-asan, Reporter PHILIPPINE DOLLAR reserves slipped at...


PHILIPPINE STAR/MICHAEL VARCAS By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINE ECONOMY is likely to grow by 6% this year amid strong domestic...


By Kyle Aristophere T. Atienza, Reporter ECONOMISTS are worried about the alleged failure of Philippine lawmakers to take into account the health of state-owned...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.