UK small business owners 'work fewer hours than overseas counterparts'

Another perk to buying a small business in the UK has sprung up from the results of a recent survey conducted by Hiscox.

The research looked at 500 small businesses in six countries: the UK, Germany, France, the US, Netherlands and Spain. It found that entrepreneurs in the UK worked for an average of 37.6 hours a week, while the average was 41 hours. UK entrepreneurs also had some of the highest numbers of holiday days, with an average of 21.4 days a year, the highest rate after Germany.

While people are still finding many positives in setting up their own company or buying a business, entrepreneurs across the six countries appear to be slightly less positive about the future. Thirty-eight per cent said they were optimistic about the year ahead, compared to 48 per cent last year.

However, the report from Hiscox highlighted that there is more to running a company than the financial benefits it brings: “People set up small businesses for many reasons other than money. They value the freedom, autonomy and lifestyle changes that running their own business can bring," it read.



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Illuminate
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src
/
Illuminate
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home
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Illuminate
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home
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laravel
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/
home
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bizsale
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vendor
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laravel
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framework
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src
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Illuminate
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"mysql"
DB_HOST
"127.0.0.1"
DB_PORT
"3306"
DB_DATABASE
"bizsale_db"
DB_USERNAME
"bizsale_admin"
DB_PASSWORD
"+fUTe#g#3."
BROADCAST_DRIVER
"log"
CACHE_DRIVER
"file"
SESSION_DRIVER
"file"
SESSION_LIFETIME
"120"
QUEUE_DRIVER
"sync"
REDIS_HOST
"127.0.0.1"
REDIS_PASSWORD
"null"
REDIS_PORT
"6379"
MAIL_DRIVER
"smtp"
MAIL_HOST
"smtp.mailtrap.io"
MAIL_PORT
"2525"
MAIL_USERNAME
"null"
MAIL_PASSWORD
"null"
MAIL_ENCRYPTION
"null"
PUSHER_APP_ID
""
PUSHER_APP_KEY
""
PUSHER_APP_SECRET
""
EMAIL_TESTING
"true"
COMPANIESHOUSE_KEY
"u82ND42fnkdYxqCH945hvlmaflxDPIyT2sMcWLrj"
0. Whoops\Handler\PrettyPageHandler