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Almost half (48%) of small business owners state that running their own business has negatively impacted their physical and/or mental health, according to new research from accounting software provider FreeAgent .
FreeAgent's survey also reveals how there is little rest for Britain's SMEs, with nearly two in five respondents (37%) working 32-48 hours on average and a further fifth (18%) working 48-64 hours. This suggests a continuation of the trend of overtime working that FreeAgent uncovered last year, where a third (36%) of business owners stated they often work in the evenings and two-fifths (41%) often or always work at the weekend.
The results highlight entrepreneurs' commitment to their business's success but inability to completely switch off. A significant number of respondents plan to work during their holidays. Specifically, 60% of individuals plan to attend to some administrative tasks (such as responding to emails or managing their accounts) while on holiday, however, they do not intend to engage in full-time work. Meanwhile, only a third (32%) of respondents plan to take a complete break and not work at all while on holiday.
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