Economy Hinders Holiday Plans For Small Business Leaders
July 8th - Small business bosses are feeling the impact of the credit crunch when planning time away from work this year, according to Continental Research’s latest monthly business omnibus. While two thirds (65%) of senior financial decision makers in medium and larger sized businesses are planning to take at least two weeks off, less than half (46%) of small business bosses plan to be away for this long and 12% will have no time off at all.
The current economic climate is also affecting behaviours of both groups in different ways. Small business bosses who are planning a holiday are more likely than those at larger businesses to keep in touch with work while away. 42% anticipate spending less money on their holiday due to economic pressures, compared to only 28% from large businesses.
Agnes Maisonial, research executive, said: “The pressure of...