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Discover why 175 businesses have voted our service as 5 star
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Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
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The following article from RealBusiness.co.uk offers some valuable advice for the owners of small businesses.
Ask anyone who runs their own small business, and they’re sure to tell you how all-consuming it is. There is so much to do to establish a business, win customers and get repeat work, which could prove a lonely experience.
Even for successful businesses, there are times of worry and stress. Times when the owner sits on their own late at night and wonders if it’s really all worth it. With this comes another problem. Despite the fact that most owners love their jobs and wouldn’t swap it for anything, the reality is that running a small business can often be a lonely experience.
Feeling the pressure
For some, it may literally be a lonely experience as they could be a one-man (or woman) band. Larger businesses may have a handful of employees, but due to resource requirements or the ways of modern working life, they may work part-time or from home. So a business owner may spend most of their time alone or with only a few employees around them.
Regardless of how many staff there are, and even if there is a great team spirit and sense of fun (which there very often is) – the buck stops with the owner. The success of the business is their responsibility. Employees’ wages are their responsibility. As are the bills and the invoices too.
This pressure can build up and take its toll. It’s something we have known for a while, through our daily dealings with SMEs. And now this has been backed up by research of small business owners around the UK.
A national issue
The results of our survey were concerning: 73 per cent admitted it was a lonely experience. Loneliness is not a standalone issue. A report by the University of York found that loneliness and poor social relationships were associated with a 29 per cent increase in risk of developing coronary heart disease and a 32 per cent increase in risk of stroke.
What’s more, our research found that, outside of family and friends, 69 per cent said they did not know who to turn to for professional help when they need it. This is being exacerbated by a lack of support, with six in ten respondents feeling there was not enough support for businesses looking to grow and expand.
Loneliness, stress and pressure can stop owners performing at their best. There can also be a knock-on effect on employees, so that in fact the performance and productivity of the whole company can be affected.
Steps towards improved wellbeing
My message to SME owners would be to put their own wellbeing on the agenda. Don’t just bottle it up or ignore it. Loneliness can cloud your thinking and depress your mood, holding back your business. One useful approach is to find a coach or mentor – ideally from outside your family or the business.
Keep focused on the positives too. For example, at the end of each day write down two things that have gone well and that have brought you nearer to reaching your goals. A degree of loneliness may come with the territory. But it’s clear we need to do what we can as a community to give more support to those who need it.
Taking care of our small businesses
SMEs are a valuable part of UK society, not only boosting the economy but contributing an enormous amount to local communities – as was highlighted recently on Small Business Saturday. We need to start taking better care of our business community and supporting leaders working around the clock to succeed.
This wide-spread loneliness is something we want to help change. Wellbeing issues have risen up the public agenda significantly in recent years, but it’s clear from our survey that there’s more that should be done.
As part of its campaign to raise awareness, RealBusiness has launched a wellbeing hub, offering guidance from health experts, insights from experienced SME owners and links to useful resources to support those in need of help.
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Here at Nordens, we have always focused on ensuring our clients maintain a healthy work/life balance, and we provide support and encouragement along with our accountancy and business growth services. If you’d like to chat to us about making your small business work better for you, call us on 020 8530 0720, or email social@nordens.co.uk.
You can read the original article here.
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
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Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
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Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
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Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.
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Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!
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We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
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Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
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Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.
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In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Mark Norden
Founder
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
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Nordens is a trading name of Nordens Limited, a limited company registered in England under company number 04709951. Our registered office is: The Retreat, 406 Roding Lane South, Woodford Green, Essex, IG8 8EY.
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