June 29 ,2016 | by Claire Payne

UK would welcome annual shutdown of businesses, survey shows

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The majority of Britons would welcome an annual shutdown of businesses, according to a study by virtual assistant website ava.

The study showed that nearly 60 per cent of those surveyed feel that shutting down a business during quiet periods would enable it to remain cost-efficient and be more productive.

Favour

According to the study, those who are most in favour of a shutdown of businesses are in the 55-64 age demographic, accounting for 66 per cent of the vote.

Whilst 59 per cent of respondents in England said that businesses would benefit from an annual shutdown, 68 per cent of those from Northern Ireland were against the move.

The study also found that women are more supportive of a shutdown, with 63 per cent in favour of the move, whilst 44 per cent of male respondents were against the idea.

Successful

ava Sales Manager, Lucie Greenwood, discussed the benefits of businesses shutting down during quieter periods, stating that companies that take the time to look at how their business is performing when trading is slow will make them more likely to be successful during busy periods.

She added that regardless of a company’s size or profit margins, a drop in performance and income can be “a very stressful time.”

However, Greenwood stated that it is these periods in which “you have the most time on your hands to take a step back and really look at how you work as a business.”

Claire Payne

Claire Payne is a journalism graduate and News Writer for LSBF. She writes about SMEs, education and careers, entrepreneurship, women in business, and sustainability.

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