How many hours do you work each week? Research on hours worked in UK, US, Germany, France, Netherlands and Spain

found photo: business leaders

Business leaders (Photo credit: squareintheteeth)

How many hours do you work each week? In Europe, the UK small business owners work fewer hours than their counterparts in the US, Germany, France, Netherlands or Spain, according to new research which was just released by Hiscox.

The survey captures responses from 500 small businesses in the six countries. The UK entrepreneurs polled worked an average of 37.6 hours a week compared with an average of over 41 hours. Overall, there was less optimistic as compared to last year and only one in 10 planned to take on staff in the coming year. These UK entrepreneurs also took an average of 21.4 days of leave per year, the highest apart from Germany.

It is interesting to note that the UK’s Federation of Small Businesses responded that its members were putting in long hours in response to renewed confidence and that this report did not take this into account and was therefore “not helpful”.

The report said: “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.” UK business owners were also the least critical of government bureaucracy and labour laws.

Of the 3,000 entrepreneurs polled across six countries: these were the other findings:

– 38% said they were optimistic about the year ahead, down from 48% a year ago.

– 78% per cent said that it was difficult to find funding for new ventures, with only respondents in the UK saying it was easier than it had been a year ago.

– The number of businesses saying they would be able to avoid redundancies this year was slightly up, rising to 63% from last year’s 60%.

From: Hiscox


Follow the Magazine:
(After you have filled in your email address in the column at the right hand side of the screen, a confirmation email will sent to your email address. You will have to confirm it before subscription begins)

Follow us on Twitter:

Like us on Facebook:

**As part of the Magazine’s drive to reward subscribers/followers, we will be providing subscribers/followers special access to exclusive content which will not be otherwise available to normal visitors. Please be sure to subscribe to the Magazine. Many visitors have given us positive comments that they will be bookmarking the site, but as the system is unable to capture a working email address to which the passcodes for exclusive content will be sent, they will miss out on this content. Do note that passcodes are locked to each exclusive content, not a one-for-all access, so do provide a working email address that you check regularly so as not to miss out on them!



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s