New research shows that more than nine in ten manufacturing business owners are worried about their work-life balance - more than in any other industry.
The research, commissioned by independent SME funding provider Ultimate Finance, highlights a worrying trend for small business owners in the manufacturing industry feeling that they do not have the necessary support to achieve a healthy work-life balance.
In a survey, 92 per cent of manufacturing SME leaders admitted they worry their professional lives are negatively impacting relationships with family and friends, while 54 per cent felt it had become harder for them to see their children since starting their business.
Over half also said they had missed a special occasion due to work and 69 per cent had missed or cancelled a holiday.
Steve Noble, COO at Ultimate Finance, said:
“Wellbeing is often in the headlines, but the focus is rarely on small business owners. Given so few of them feel that they have the capacity to achieve a healthy work-life balance, there is clear evidence that more support is needed.
“Central legislation to ease the bureaucracy of running a business, national and local investment in support services for SMEs and more readily available advice on where to turn when things are getting too much are all examples of ways that government and the broader business community can come together to tackle this challenge.
“With the necessary support in place, business owners can find the balance between striving for success in their professional lives and also enjoying well-earned quality time with friends and family. It’s also then more likely to positively impact employees too, as a leader that understands the importance of wellbeing can put measures in place to ensure the workforce is enjoying a healthy work-life balance too.”
Our tailored manufacturing support is delivered by dedicated advisors who can work with business owners on a one-to-one basis to boost productivity and find ways to improve work-life balance. For more information, visit www.businessgrowthhub.com/manufacturing.
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