On average these home businesses invest four hours of working time every day, or 20 hours per working week, as they take time away from work to look after and entertain their children during school breaks. This is estimated to cost home businesses around £220m over the Easter break, and around £658m during the six week summer holiday.
While there may be a financial cost to the business, the research revealed that many children “gained valuable exposure to the world of business” through their parents. Three in ten parents suggest that their children learned entrepreneurial skills and 27 per cent claimed their children learned the value of work.
Jane Guaschi, business manager at Direct Line for Business said: “Running a business from home is not for the faint hearted. Running such an enterprise while taking care of children is even tougher.
“This additional responsibility can be difficult to manage, so ensure you are well prepped for any surprises that may crop up during the busy holiday periods. At the least, it is worth considering home business insurance to cover you against any liabilities so that you can enjoy the time with your children whilst having one less thing to worry about.
“That said, it is great to see that many business owners feel motivated to succeed and work harder when they are around their children.”
Read more about home-based businesses:
- Home-based businesses contribute £300bn to the UK economy
- A third of Brits wear pyjamas while working from home
- The UK’s top 25 businesses run from home
Almost a third of parents feel their children being at home during the holidays gives them a reason to work hard and succeed, with 26 per cent receiving moral support and 13 per cent benefiting from the extra company they receive during the school holidays.
Additionally, ten per cent of home business operators highlighted that they get more work done when their children are on holiday.
Annabel Karmel MBE, author and entrepreneur, added: “Being your own boss isn’t a job, it’s a lifestyle, and so reducing the workload when the children are at home is easier said than done. To keep Britain’s businesses as productive as possible I believe there should be further investment into subsidising childcare costs for those operating home businesses.”
“Making the decision to run a business from home is often triggered by the need to have more flexibility as a parent, so give yourself a break. Don’t feel guilty about swapping your laptop for a playdate, or exchanging emails for an Easter egg hunt.”
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