2 comments

How long should entrepreneurs work?

by Matthew Rock - Tuesday, 19th August 2008

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According to a Bank of Scotland survey into work-life balance, the average UK entrepreneur puts in 50 hours' work per week. In total, that adds up to more than 31 million extra working weeks put in by small businesses across the UK.

The Bank of Scotland survey also shows a clear relationship between hours and commercial success. For those growing at over 10% a year the average
working week is 52.3 hours

It's no wonder you're feeling the pressure. British owner-directors also don't take enough holiday (fewer than 20 days is the most common) and 71 per cent claim to be feeling stressed due to work pressures.

So how many hours are you doing? Do you agree that there's a relationship between success and hours? And what advice do you have for other entrepreneurs battling till midnight to keep their business afloat? We'd love to hear your comments (within working hours, please!).

Tags: entrepreneurs, bank of scotland, working hours, stress, work-life balance, survey,

2 Comments

August 19, 2008 2:25pm
Jules Burton Says:

I read your article 'How Long Should Entrepreneurs Work?' with interest - especially the hours/success ratio!! I own a nightclub which I bought as a failing business in December of last year. Business has improved significantly with a 125% increase in turnover which is still growing steadily (despite some of the most protracted and challenging trading conditions this market sector has ever had to endure). To achieve this I'm still working an average of 70 - 75 hours per week - as are my management team so yes, I would definitely agree that success has to be earned - but it's a great feeling when things go right!!! Jules Burton M.D. Dare Entertainment Ltd.

August 19, 2008 2:03pm
Richard Parker Says:

This comes as no surprise to me at all. Running the family business during the day (usually equating to the 50 hours plus quoted in the original article), I then go home and put in another 2-3 hours into an online Lean Manufacturing educational website (www.leandeployment.com) I'm developing for the SME community. My wife has insisted that I set aside certain nights where I can actually talk to her!

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