Hardworking small business owners are feeling the pinch at home with research from CGU Insurance showing their worklife balance and social life are some of the biggest sacrifices they have to make to ensure the success of their business.
The CGU Insurance survey of 921 business owners reveals that although most SME owners view success as ‘the freedom to make my own decisions’ (68%) and achieving ‘work-life balance’ (66%) – almost half are sacrificing work-life balance (41%) and more than a third are missing out on important social events (35%).
This means that there are almost 850,000 SME owners across Australia sacrificing their work-life balance to make their business a success.
“Our advice to small business owners searching for that elusive work-life balance is to look for ways to work smarter, not harder. Making sure you have the right support, both in terms of staff and professional advice when you need it can also make a huge difference. It can also free up more time for spending with family and friends or doing what you love.”