Vacations are fun for most of us. Escaping for the daily routine for some rest, relaxation and pampering is what keeps most of us going during dreary work days.
This isn’t the case for small business owners though. A survey indicated that 50% of small business owners plan to take less than three days off during the holiday season and nearly 70% of them don’t take time off work, even on national holidays.
Even if you don’t actually want to spend a week at a beach resort, you might have to for the sake of your business.
Running a small business is hard work. Depending on the size and complexity of the business, you likely spend most of your day delegating tasks or doing them yourself in a high-pressure environment. At home, your mind is running through a list of things you have to get done the next day and you probably spend more than a few nights thinking about a lingering business issue.
For these reasons, vacations aren’t a welcome idea to small business owners. But even if you don’t actually want to spend a week at a beach resort, you might have to for the sake of your business.
Tiredness Makes You Unproductive
You might not realize it but you working everyday of the week on only five hours of sleep is doing your small business more harm than good. Exhaustion affects your concentration and causes you to be distracted by the smallest thing.
Working when you should be relaxing or sleeping simply means you’ll take a longer time to get things done.
When you’re tired, it doesn’t matter how determined you are to finish a task by a certain time. Working when you should be relaxing or sleeping simply means you’ll take a longer time to get things done. Time you could be using for other things.
Even worse, working while tired often means the work you do will be sub-par. Everything from emails to business plans could have glaring errors in them, simply because you refuse to leave the office and take a vacation.
Stress Leads To Bad Decisions
As a small business owner, you’re probably more stressed out than most people you know. And working around the clock without a break is likely making it worse. Stress causes several behavioral problems including anxiety, anger and depression.
These are three issues which will almost certainly hurt your small business in the end. From affecting your relationship with your employees to causing you to make ill-advised business decisions, working while stressed has absolutely no advantages. If you realise that work is making you a grumpy caricature, it might be time to take a few days off.
Remind Yourself Why You Started This
Even the most enjoyable things can get boring and tedious after a while. After running your small business for months or even years without a break, you’re likely wondering if signing up for a lifetime of long work hours is worth it.
Spending time away from the constant phone calls, emails and meetings will have you returning to the office with a renewed vigor to make your business a success.
Taking a vacation is the only way you can recharge and remind yourself of why you started your small business in the first place. Spending time away from the constant phone calls, emails and meetings will have you returning to the office with a renewed vigor to make your business a success.
Ideas, Ideas, Ideas
Imagine this: you’re sitting on a sandy beach reading a book when you suddenly notice other vacationers talking about a product they’ve been trying to purchase. This product happens to be something you’ve long been interested in manufacturing.
It’s likely this scene won’t actually happen this way but vacations are a great chance to see how your product could improve the lives of people in a place you’d otherwise never visit. You could leave for a two week vacation to a far-off island and return with plans to expand your small business with a new business partner.
You could leave for a two week vacation to a far-off island and return with plans to expand your small business with a new business partner
Expansion is something most small business owners think about. Unfortunately the cost of sending money across borders often means it’s more trouble than it’s worth.
Bank wire transfers used to be the traditional method of processing payments from abroad and small business owners had to put up with slow, expensive transfers and impersonal customer service.
Give yourself a permanent vacation from the terrible service. Use Veem.
Our unique multi-rail payments platform allows you to send, receive and track payments to and from other small businesses from across 96 countries. Even better, these transfers, which cost nothing to process, can be made in the comfort of your home on any mobile or computer device.
Sign up for a Veem account today and inject some life into your small business.