School Summer Holidays 'Affecting Home Businesses'

If you run a business from home, possibly making good use of retail system services, you may well see your operations affected by the summer school holidays, with new research revealing that it costs business owners in the UK around £658 million over the six-week break.

Conducted by Direct Line for Business, the study found that 60 per cent of home business owners that have dependent children will take time away from work to spend time with their youngsters, with people investing four working hours each day to make up for the amount of time they are away from the office to look after their kids.

However, while home businesses may face some financial difficulties as a result, the survey also found that many children benefit greatly from being exposed to the world of business. In all, 30 per cent of parents said that their youngsters picked up entrepreneurial skills and 27 per cent of kids learned the value of work.

"Running a business from home requires blood, sweat and sometimes tears. If you add taking care of children to the mix, running a home business becomes ever harder," business manager at Direct Line for Business Jane Guaschi observed.

Balancing work with family during the summer holidays can be difficult but don't try to multitask and work while your kids are around, clamouring for your attention. Focus on one or the other at any one time - and don't be afraid to ask friends or family to help with childcare if you need to concentrate on the business.

FSB & Young Enterprise Team Up To Promote Business Education

The next generation of entrepreneurs is being supported by a collaboration between Young Enterprise and the Federation of Small Businesses (FSB) – so expect even more fledgling businesses making use of EPOS system services in the future.

Teenagers from Birkenhead, Bristol, East Ham, Edinburgh, Arfon and Chatham, as well as other areas across the country, will be given the opportunity to run their own business in a bid to emphasise the importance of a vocational education to those from more disadvantaged areas.

Small business owners will volunteer their time and experience to serve as mentors for students regarding their companies, with each new business lasting for the academic year.

“This partnership is crucial because businesses are concerned that young people aren't prepared for the world of work. Engaging with employers, education providers and young people is a proven way to remedy this. Research has proven that if a pupil has four or more interactions with a business while at school, they are five times more likely to find themselves in education or training after school,” national chairman of the FSB John Allan said.

Young entrepreneurs just setting out on their own should ensure that they start businesses that are built around their own particular set of talents and strengths if they are to ensure success. Making sure that your heart is in what you’re doing is one sure-fire way of helping to guarantee that your first company gets off the ground quickly – and stays there. You can find more tips for going it alone on the Entrepreneur website.