Small business owners in construction are anticipating how they will be spending Christmas. The majority are concerned they won't be able to relax and wind down (68 percent), they will miss out on sleep (67 percent) and miss out on spending time with their family and friends (52 percent) during the Christmas period.
These are the findings of the first Westpac Small Business Report, launched in late November 2018. The report concludes that small businesses in the construction space are making lifestyle compromises in order to deal with business pressures.
With 55 percent of construction small business owners expecting to receive late payments during Christmas, cash flow is a clear concern for those that spend 12 hours each week completing paperwork and eight hours each week chasing invoices.
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