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Building Industry Finance, Law and Insurance
News Release from: Bibby Financial Services | Subject: New research
Edited by the Buildingtalk Editorial
Team on 22 June 2006
Finance and legislation in construction
sector
Finances and legislative changes are causing concern to owners and managers in the construction sector according to new research by Bibby Financial Services.
Financial woes and legislation worries haunt owners and managers in the construction sector Financial worries (68%) and the ever-changing legislative landscape (90%) are causing owners and managers in the construction sector one of the biggest headaches when it comes to running a successful business, according to new research by leading business cash flow provider, Bibby Financial Services (BFS) The research also found that six in10 (64%) are concerned about red tape, while nearly four in 10 (63%) owners and managers find the issue of late payment a constant struggle for their business
This article was originally published on Buildingtalk on 14 Apr 2005 at 8.00am (UK)
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David Robertson, chief executive of Bibby Financial Services, said: "With nearly five thousand businesses failing in the first three months of this year, it is unsurprising that owners and managers are worrying about the state of their business especially financial matters".
"Despite these very real business worries it is still important to establish a healthy work-life balance and find a way to relax".
"After all busy entrepreneurs need to find a way to enjoy the lifestyle they have worked so hard to achieve".
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So how do entrepreneurs in the construction sector de-stress and enjoy the fruits of their success?.
According to the research, nearly seven in 10 (68%) of owners and managers spend time with their families, nearly three quarters (73%) enjoy the company of their partners, while 52% find sex the perfect way to relax.
And with the whole country well and truly immersed in World Cup fever, nearly four in 10 (38%) entrepreneur's cited watching sport as the best way to de-stress themselves.
With (39%) choosing to be more than just armchair supporters by playing sport to unwind after a gruelling day.
To take their mind away from the office, over half (68%) down kitchen utensils in favour of eating out, while four in 10 (40%) opt for drinks with friends to provide a welcome rest from work worries.
The research also revealed that more owners and managers unwind watching TV (69%) than reading a book (63%)".
"Striking the right work-life balance can be a struggle for the busy entrepreneur, however, making time to find an activity that encourages you to relax can have a positive effect on your business".
"It might seem obvious, but taking a well earned break for rest and relaxation will leave you feeling refreshed and mentally alert".
"As a result you and your business will perform better" said Robertson.
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