# Running a small finance business ‘detrimental to physical health’ Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-01-10 Category: BUSINESS Category URL: https://financedigest.com/category/business Meta Title: Research Reveals: Over a quarter of financial SME owners Meta Description: 27% of financial SME owners in the UK have had a health scare since starting their business. Learn more about the impact of work on health and what can be done Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/running-a-small-finance-business-detrimental-to-physical-healthhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd100118-1-1736843094142-compressed.jpg) **_More than a quarter of financial SME owners have had a health scare since starting their business_** More than a quarter (27%) of small financial business owners in the UK have had a [health](https://www.financedigest.com/health-tech-takes-off-in-the-uk.html) scare since starting their business according to research from Ultimate Finance, which explores the pressure British SMEs are under in the UK. - Seventy nine percent of financial business owners and managers worry their current work / life balance is having a negative impact on their health - Two fifths (40%) have found it hard to eat healthily since starting a business, while a further 21% struggle to go to the gym and maintain their health regime. - Eighty one percent worry about the future and their [health due](https://www.financedigest.com/kids-oral-care-products-market-sale-is-anticipated-to-boost-with-tremendous-growth-by-2030-due-to-health-awareness-of-kids.html "Kids Oral Care Products Market Sale Is Anticipated To Boost With Tremendous Growth By 2030 Due To Health Awareness Of Kids") to their work habits **Steve Noble, ‎Chief Operating Officer at Ultimate** [Finance commented: “While it is common knowledge that running your own business](https://www.financedigest.com/2016-the-year-of-technology-financing-the-year-of-business-growth.html "2016 – THE YEAR OF TECHNOLOGY FINANCING, THE YEAR OF BUSINESS GROWTH") is stressful, we were shocked it has triggered health scares in so many entrepreneurs in the banking and finance sector.  It can be isolating spearheading a business, particularly in uncertain [economic and political](https://www.financedigest.com/stocks-tumble-globally-on-raft-of-economic-political-worries.html "Stocks tumble globally on raft of economic, political worries") times and clearly the strain is taking its toll in terms of personal health and wellbeing. Many SMEs operating in the [financial sector](https://www.financedigest.com/iot-for-the-financial-sector.html "IoT for the Financial Sector") are simply not finding the time to eat well or exercise. “When you consider that over five [million businesses](https://www.financedigest.com/revealed-1-45-million-tonnes-of-e-waste-is-produced-by-households-businesses-per-annum.html "Revealed: 1.45 million tonnes of e-waste is produced by households & businesses per annum") are SMEs, we could be heading towards a bit of a crisis. We need to start talking seriously about the importance of prioritising physical health, not just for the sake of entrepreneurs’ personal health but to ensure the [long-term success](https://www.financedigest.com/the-journey-to-cloud-native-overcoming-hurdles-to-drive-modernisation-and-achieve-long-term-success.html "The journey to cloud-native: overcoming hurdles to drive modernisation and achieve long-term success") of their business.” **[Business](https://www.financedigest.com/small-businesses-and-scams-what-you-need-to-know.html "Small businesses and scams: What you need to know") psychologist Robert Stewart added:**“Many SME owners focus on the needs of the business and their employees but fail to address their own personal needs. At the start of a new year, I would urge the UK’s financial SME community to take this research seriously and establish their own process for looking after themselves. This may be in the form of a personal wellbeing advocate who can ask them difficult questions about their work / life balance or simply by taking a more honest look at the way they work and creating boundaries and new habits of eating well and exercising.” The independent survey, carried out by 3Gem on behalf of SME [funding partner](https://www.financedigest.com/nissan-pushes-partner-renault-to-sell-down-stake-may-raise-funds-source.html "Nissan pushes partner Renault to sell down stake, may raise funds -source") Ultimate Finance, questioned hundreds of managing directors, across a range of sectors, about the impact that running their business was having on their lives. Ultimate Finance conducted the research as part of a bigger SME wellbeing campaign, with the aim of highlighting the need for [small business](https://www.financedigest.com/small-businesses-run-out-of-cash-before-they-run-out-of-potential.html "Small businesses run out of cash before they run out of potential") owners to consider their own health, as well as their employees. To help SMEs who need support with their wellbeing, the leading UK funding ally has created an information hub with insight and guidance on a range of business [wellbeing](https://www.financedigest.com/bridging-jobs-could-make-retirement-happier-research-finds.html) topics. For further information, please visit [https://www.ultimatefinance.co.uk/business-wellbeing](https://www.ultimatefinance.co.uk/business-wellbeing) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---