As a small or medium-sized business (SME) owner, do you feel you can’t switch off from your company? When was the last time you had a holiday? If you’re not careful, you could be heading towards burnout.
Time pressures and money concerns are often the reason for not taking time off. However, your inability to switch off may be impacting on your family life or health.
You might be a risk to your business
Stop. More than a quarter (26 per cent) of small businesses in the UK would have to immediately close if a key person died or became critically ill. That’s according to research by Legal & General into the business protection market. A further 26 per cent of companies said they would cease trading within a year in these circumstances.
Legal & General’s State of Nation’s SMEs survey recently found that 15 per cent of businesses which had lost a pivotal person had shut their doors. A key-person is someone whose illness or death would directly cause a financial issue for a business. An issue such as a fall in revenue, loss of clients or even a loss of efficiencies.
Across the more than 700 small companies surveyed, losing a key person was ranked as the number one concern. Those that had lost a key-person through death or critical illness said the tragedy had a huge impact on profits. Almost one in five (19 per cent) said it had lost them the confidence of their customers.
My Business Advantage is here for support
Now we have kick-started the conversation; let us show you a solution. At Fuel Card Services, we have devised a suite of business services. Here you can pick and choose which ones will help relieve time pressures and money concerns. It’s called My Business Advantage, and you even reward with you and your team with perks.
From wondering about how to grow your income. To worrying about GDPR compliance and reducing your overheads, you will find all the advantages here.
Whether you’re looking to raise your profile. Or drive new enquiries. Target new prospects or increase customer values. Even get funded, our broad suite of services is designed to help take your business to the next level.
My Business Advantage is a place to save on a whole lot more than just your fuel. It has exclusive deals on a range of business essentials. You can also find new opportunities for growth and learning. Why not treat you and your staff to some personal perks as well.