Time is one of our most precious commodities. Both in our personal and business lives.
A study into the “time famine of modern life” has shown that people around the world are suffering from a new kind of poverty: time-scarcity. And this feeling of never having enough time is impacting our wellbeing – contributing to higher stress levels, reduced happiness and increased anxiety.
It’s not just at home where our time is in short supply. Research has shown that 38% of business owners rate time as their most valuable asset, more important than even computers and mobile phones. And despite SME entrepreneurs working an average of 40 hours per week, more than a third neglect business growth activity because of a lack of time.
There are numerous unimportant or repetitive administrative tasks that eat into our working day. Findings from a recent report show that employees of UK SMEs spend an average of four hours per week on financial admin.