Most business owners say that the stress of running a business has had a negative impact on their personal lives, according to a new study.
The Business Owner Welfare report from Hitachi Capital Invoice Finance has found that 46% of business owners feel they miss out on "me time" and 39% say they miss out on family time because of the time they have to spend on running their business.
Of 501 business owners surveyed, 49% said that they had not taken a holiday in the past year. The findings also show that over a third of business owners (39%) rarely take a lunch break and 30% say they regularly check their phone during mealtimes at home.
When asked about the biggest fears and stresses of running a business, more than a third (37%) of business owners said not having enough sales or orders, followed by cashflow (34%) and not delivering work on time (22%).
Older business owners (aged over 55) and sole traders tend to be less stressed and have fewer fears for their business. London is the region where business owners suffer the most from stress, while those in the South East tend to be less stressed.
Andy Dodd, managing director at Hitachi Capital Invoice Finance, said: "Running a business comes with considerable pressure ... It is easy to allow the many hats you have to wear as a business owner to subsume any work-life balance you have.
"Surrounding yourself with a great team is important to ensure you have the confidence to take time away from the business to recharge your batteries and meet your personal commitments. Ensure you plan your resources well ahead of intended holidays and that your people have the requisite skills, roles and responsibilities to manage the business in your absence."