Work-life balance a big issue for entrepreneurs, report finds

Cec Busby - Startup Daily - 7 May 2018

A survey of small business owners across Australia has found small business owners are sacrificing their work-life balance in order to achieve business success.

The survey of 921 SMEs conducted by CGU Insurance revealed whilst small business owners cited the freedom of making their own decisions as a strong indicator of success, many of these decisions are impacting their work-life balance.

Of those surveyed, 41 percent admitted to sacrificing their work life balance to achieve SMB success and 35 percent confirmed they were missing important social engagements in order to do so.

Kate Wellard, Small Business Spokesperson for CGU Insurance said the results confirmed the theory that many small business owners were sacrificing their emotional and physical wellbeing for their business.

“One of the biggest challenges of running a small business is finding a way to grow without it taking a toll on your personal life. Your happiness, and that of your family, shouldn’t have to take a backseat to your business, but the reality is there are only so many hours in the day,” Wellard said. Read More