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We've written about how small businesses don't really have a legal obligation to give employees paid vacation time. But what about the owner's small business vacation time?
You'd think owner vacation time would rank low on small business owners' priority list. And you would be right. A majority (59%) took no vacation last summer, says a report released by American Express.
But the reason isn't simply profit maximization.
A large majority (79%) of small business owners do not feel guilty for taking a vacation, reports the AmEx survey of 500 small business owners.
But other reasons not to get away loom large:
And, surprisingly, when entrepreneurs finally do get away, they spend an average of $2,215 on a summer vacation.
Owners' leading concern about taking vacation? By a narrow margin, 33% worry an important customer or client will not get good service. That beats 27%, who worry they will miss an important new business opportunity, says the AmEx report.
One AmEx finding leads to an obvious solution to how to get some small business vacation time. Only 27% of owners surveyed plan to combine vacation with a business trip this summer. So maybe you can combine that business meeting with a nice trip with your family, for some owner vacation time
Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.
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