In this, the second instalment of our three part series, Haines Watts For Love Or Money, we explore the impact of being a business owner on the individual and whether business owners are making unparalleled sacrifices, ultimately damaging their health, wellbeing, personal relationships and even the will to carry on. To find out more visit: https://www.hwca.com/for-love-or-money/

2. UK wide study based on: 500+ UK business
owners
£1m - £50 m turnover
10 – 249 employees
At least 2 years old
Across all UK regions
Across major sectors
plus
Psychological testing of 100 business owners
About the
study.

3. Business owners give everything to their
company. The question is: at what cost?

4. `
52% of
business
owners took
less than 10
days holiday
last year
What provisions do you
have for excess cash in
the business?
Pushed to
breaking point:
what owners say?
35% of business
owners lose
motivation to
run their
business at least
once a year
A quarter of
owners say
running their
business
affects their
mental or
physical health

5. “I sometimes wish I were
doing something else”
“My job is emotionallyexhausting”
“I work too much”

6. Work life-balance: Hitting you where it hurts
59% of business
owners say their
work/life balance
is tipped firmly
towards work
39% say running
a business
affects their
relationship with
their partner
30% say their
relationship with
their children has
been damaged
by running a
business

7. 5 biggest sources
of stress
Financial worriesFinancial worries 53%
Responsibility to staff 42%
Meeting self-set growth targets 39%
Frustration at not getting enough done 36%
Peaks and troughs in work 43%

8. Money friend or
foe?
“Money is my biggest
motivator”
“Running a business is allabout the money”
“Financial worries are my
biggest source of stress”

9. “It can be very lonely”
“I don’t know where toturn to for help”
“My family and friends
don’t understand what it’s
like to run a company”
The loneliness of command

10. `
Do I take
enough time
out to
recharge and
re-focus?
Getting your mojo back – starts with some tough
questions . . .
Do I have
advisers who
understand and
act as a sounding
board?
Should I build
a stronger
management
team to
support me?
Do you meet
like minded
business
owners?
Do you have a
good support
network in
place?

11. 52% of
business
owners say
family is their
main
re-motivator
Rekindling the
love…
Responsibility
to employees
re-motivates
40% of
business
owners
39% say
remembering
why they first
started their
business re-
motivates them
40% say taking a
break helps
rekindle their
motivation

12. Summary
 Running a business is about more
than just the money
 Business owners often lose
motivation to run their business
 Running a business is affecting
business owners mental and
physical health
 Responsibility to both family and employees re-
motivates many business owners

13. What should you do
next?
Invest in a
management team
to work with you
Invest in
your own
development
Take time to reflect; to
plan and work on your
business not in it
Challenge how
you operate. Do
you really need to
be involved in
everything?Find someone who
will listen – a
mentor or peer
Learn to
delegate and
trust your team
Reassess your
purpose and
final goals

14. Haines Watts is a Top 15 firm of chartered accountants.
Over 80 years of experience in advising business owners.
Offering a broad range of accountancy and business advisory
services.
More than 60 offices across the UK.
More than 35,000 business owner clients.
A little bit about Haines
Watts
Our
ValuesCommercial
Supportive
Challenging
Practical
Approachable