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Business Owners Stuck For Time

There aren't enough hours in the day for 42% of Irish business owners, according to findings from Sage.

It commissioned a survey of 186 CEOs and owners of Irish businesses recently to see how they were spending their time, as part of a publicity push for the launch of its Sage 50 Accounts platform on September 1.

Administration is seen by respondents the greatest time-waster in the working day (27%), while 25% admit that non-work related activities such as browsing social media, online shopping and emailing friends waste the most time.

When it comes to generating new business, 57% say they are not spending enough time on growing their business.

Around 60% of the business leaders surveyed by Sage say that their most productive time of the day is first thing in the morning.

The afternoon slump is not an issue for 13% of respondents, who believe that this is when they are at their optimal. Only 4% admit to being night owls.

Sage also found that, when asked what they'd do with an extra 50 minutes each day, 39% of respondents say they'd spend it with family. One in five of them say they'd use the extra time to grow their business.

See the full Infographic here.

Avril McArdle, head of marketing with Sage Ireland says that the survey results show that owners and managers of smaller businesses can find themselves consumed by administrative tasks, to the detriment of their companies.

“Our research also shows a continually increasing trend for working remotely, with 85% regularly working away from the office and one in five (21%) spending over 16 hours a week working out of the office.” (August 2014)

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