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Long hours put in by entrepreneurs pay off
10 July, 2007British entrepreneurs are working over 47 hours a week, which is having a positive impact on business growth, according to new research by Bank of Scotland Business Banking
British entrepreneurs are working over 47 hours a week, which is having a positive impact on business growth, according to new research by Bank of Scotland Business Banking.
Businesses that experience the highest levels of annual growth generally have a longer average working week, the survey revealed.
For businesses that are growing at a rate at over 10 per cent a year, the average working week is 51 hours.
Kevin Gillett, head of Bank of Scotland Business Banking, said: "Contrary to the belief that Britain's long hours culture is hindering productivity, it appears that those entrepreneurs who invest more time in their business are experiencing higher growth.
"To stem the tide of rising stress levels, it is vital that these businesses receive the best possible support and service from their suppliers, professional advisers and from government, so that they can focus on the core job or running their business."
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