Why taking a summer holiday is good for business.
Feeling rested after your summer holiday? If not, you may be doing your business more harm than good.
As a business owner, you'll naturally want your business to succeed and subsequently dedicate much time to it. Spending all your free time working on your business, however, may result in burnout and excessive stress… this is not a reason you started a business!
While it is important to work hard, you should also remember the importance of taking a proper holiday and looking after yourself.
Below we’ve outlined our 3 top reasons why we think it is so important to take a break and why it will be good for your business long term…
1. Good mental health
One of your most valuable assets is your mental health. Retaining good mental health allows you to have a productive mentality during your working hours and encourages you to find joy in your work. Taking a holiday from your business and practising self-care is an effective way to retain good mental health and check in on your wellbeing. Taking this time out will enable you to return to work well-rested and with a fresh perspective.
2. Manage your finances
Many business owners we speak to believe they are not financially stable enough to take an unpaid holiday. While we understand this concern, working with your accountant to build funds and plan to take a proper break is imperative.
For example, your goal may be to create enough profit so you can pay yourself the same monthly salary whilst being off work. If you are able to create a monthly sustainable salary with your accountant, you can take a holiday without having to see it as 'unpaid' as you will be receiving the same wage.
3. Take time out to volunteer
Everyone relaxes and practices self-care in different ways. If you are considering taking a break from work but enjoy being busy and getting involved in new projects, you may wish to consider volunteering or helping with community initiatives. You can take a break from work independently to pursue volunteering or suggest your employees join you. In my experience, I have found volunteering will not only help you take a break from your business, it will also provide personally fulfilling benefits.
Corporate social responsibility has become more important than ever for businesses. Completing a corporate social responsibility project whilst taking a holiday from your business will help you to take a break from the day-to-day duties of your business, whilst also pleasing your clients and shareholders. Giving back to the community can also be a good marketing opportunity with good exposure in the local media. Research has shown a good CSR strategy can improve profits in the long term.
Ready to take a break?
If you're ready for a break, let our team at Nurture Company Health look after your business. Our expertise will ensure your business is financially stable so you can have a guilt-free and stress-free holiday.
To learn more about the services Nurture Company Health offers and how we can help your business, arrange a complimentary 60-minute discovery call with us today.