The Cost of Taking Time Off: Can Your Business Afford It?

If you’re a small business owner, it can be difficult to imagine a time when you’ll ever be able to go on holiday again. There feels like a need to oversee every aspect of the company from noon until night every day of the week. Surely, taking time off would be disastrous for your business, wouldn’t it?

In actual fact, overexerting yourself in the way described above could actually cost your business much more. If you don’t recharge your batteries and refresh your mind, then you won’t be giving your company the best version of you, and that could really be costly.

Recharge those batteries

Although hard work is a prerequisite for any successful company, there comes a time when every business owner needs to stop, take a step back and relax.

Taking time off to recharge your batteries isn’t just about improving your health either, although it certainly helps with that. Taking time off has also been shown to result in measurable improvements to your work performance. Even a vacation of just one week could lead to an upturn in productivity by as much as 82 per cent. So, although it might not be easy, some time off may be just what you and your business needs.

Make it a budget holiday

If you’re a small business owner then it’s understandable that you might be worried about finances. Many people in this situation take a reduced salary in the early days of the company, which makes personal expenditure particularly tight and the chances of a holiday particularly slim.

However, if you manage to keep your travel costs down then there is no reason why you shouldn’t enjoy some well-earned time off. First of all, remember that a holiday doesn’t necessarily mean travelling abroad. Going on a domestic vacation or even just enjoying the great outdoors in your local area could prove just as beneficial as a week by the pool. The latter, in particular, doesn’t need to be expensive at all. You could enjoy some invigorating nearby hikes while saving money on outdoor equipment using these Rei coupons, for example.

Trust your employees

Another reason to take time off is that it may give your employees the freedom to grow and express themselves. Without “the boss” being there to supervise and offer assistance, your staff will be forced to take the initiative, which will not only tell you exactly what kind of employees you have, but also encourage them to be more independent.

Taking time off demonstrates that you trust your employees and are willing to give them the responsibility of looking after the company in your stead. Although this may be daunting for a small business owner that is used to overseeing everything, it is something that is necessary for long-term growth. Sooner or later, you’ll need to fully entrust many aspects of your business to your employees – so what better time than now?

Many small business owners find it extremely difficult to take time away from their company. For them, it feels like their baby and they want to watch over it at all times. However, for their own health, and the wellbeing of their business, some time off may be just what the doctor ordered.


Featured image

Leave a Reply

Your email address will not be published. Required fields are marked *