Entrepreneurs are known for working long hours with few breaks. Well, UK entrepreneurs hope to change that next year by taking a little more time off.
One in every five UK small business owners will be making a New Year’s resolution to take more time off, according to a survey by XLN Business Services.
In the same survey, 33% per cent of small business owners said their New Year’s resolutions would be to increase sales, while another 19% said that they would like to reduce costs.
The first part of the XLN survey looked back over the last 6 months and asked SMEs to rate factors surveyed affecting their business such as number of customers, price inflation, profits and more out of a maximum 10 marks, with a high score being favourable. The combined average response this time was 4.54/10, compared with an average of 4.45/10 in the previous survey. This means businesses are slightly more positive about their actual performance than they were last time. In particular there was a marked improvement in the score for total overall value of business sales from 4.98 to 5.17, meaning that small business owners believe price pressures seem to have eased slightly.
Photo by Dan4th Nicholas