Late nights in the office or working overtime at the weekend isn’t unfamiliar territory for many business owners. In the early years of trading many SME entrepreneurs find their work-life balance a little skewed as they throw their all into building a successful business. This Stress Awareness Month we reflect on the true cost of stress in a business.
Unsurprisingly, many entrepreneurs are happy to invest their time, energy and passion into a business they love because being their own boss reaps its own rewards. But what happens when the day-to-day stresses of running a business become unmanageable?
Stress holds 80% of businesses back from grasping new opportunities
Last year, it was reported that over half of UK businesses found 2023 to be the most stressful year to-date. With soaring overheads, inflation reaching record highs and consumer spending shrinking, many businesses began to worry about their bottom line, and some made the difficult decision to fold. But with 2023 (and some of its challenges) now behind us, it’s important that businesses feel empowered to achieve their goals without unnecessary stresses.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
