Two-thirds of start-up founders suffer declining healthÌý

67% of start-up leadersÌý²¹³Ù³Ù°ù¾±²ú³Ü³Ù±ðÌý±è±ð°ùsonalÌýhealth issuesÌýtoÌýtheir working lives, according to research released today byÌýleading globalÌýconsumer health company,Ìý.ÌýÌý

The survey of 504 start-up leaders,Ìýconducted in collaboration withÌýglobal start-up community,Ìý,Ìýfound that theÌýworking schedules andÌýthe stress of starting a businessÌýare contributing to declining health:Ìýalmost halfÌý(49%)Ìýof start-up founders workÌýoverÌý50ÌýhoursÌý±è±ð°ùÌýweek,Ìýwith one in four (28%)Ìýputting inÌýoverÌý60Ìýhours. This isÌýsignificantly higherÌýthanÌýthe 37.1 hours that the average UK worker spends at their job.1Ìý

As a result,Ìýover a thirdÌý(38%) say they suffer with insomniaÌýor poor sleep, whilstÌýoneÌýinÌýfourÌý(26%) have mental health complaints, including stress, anxiety and depression. Healthy habits also tend to go out of the window,Ìýwith one in three (34%) start-up leaders believing that their work has a negative impact on their diet.ÌýÌýÌý

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TheÌýimpact on personalÌýhealthÌýamongstÌýstart-upÌýfoundersÌýcomesÌýdespite the positive motivationÌýof innovatorsÌýtoÌýimprove other people’s health for the better:Ìý78% were inspiredÌýto launchÌýtheir businessÌýby a desire toÌýimprove people’s lives,Ìýwith a further one inÌýfiveÌý(22%)ÌýmotivatedÌýby the condition/health of a family member, friend or loved one.ÌýÌý

Asked whatÌýbusiness activities were contributing to their stress levels, almost three quarters (74%)Ìýnamed funding, investment and/or cashflow as a top-three stress factor. Access to talent and recruitment was second, cited by over a third (39%), closely followed by product/service innovation and R&D (33%).Ìý

 

Alex Gordon-Furse, Director,ÌýStartupÌýProgram atÌýStartupÌýGrind says:Ìý“Stress and burnoutÌýareÌýincredibly commonÌýwithinÌýthe start-up communityÌýand these issues don’t go away as businesses become more established. Leaders are constantly tackling new challenges. Even those that have a concrete business plan and access to fundingÌýwill be grappling with something, whether it’s regulation or how to take their offering to market.ÌýDuring this period,ÌýleadersÌýpourÌýtheir heart, soulÌýand numerous hours into getting their business offÌýthe ground andÌýmaking it a success.ÌýThisÌýdedication can have negativeÌýrepercussions on their health.â€�ÌýÌý

However,Ìýit’sÌýnot all doom and gloom, with the results highlighting that many start-up foundersÌýreported improved personal lives because of their work. 41% highlighted launching their own business has improved their relationships with family members, whilst one in three (38%) are in a better position financially.ÌýÌý

For start-up foundersÌýtoÌýcontinue their positive journey whilstÌýminimisingÌýstress,ÌýimprovingÌýtheir personal health, and makingÌýtheir venture a success, a critical factor isÌýoftenÌýfinding the right partner to work with.ÌýÌýÌý

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Dr Philip Bolton, Interim VP Innovation at RB says:Ìý“WeÌýshare start-ups’Ìýpassion for wanting toÌýcreate a world whereÌýpeople lead healthier and happier lives.ÌýWeÌýunderstand what goes into developing successfulÌýglobalÌýbrandsÌýlike Dettol and Nurofen,Ìýand we want to support start-upsÌýwho have started down this road,Ìýso they can successfullyÌýcompleteÌýtheir journey.ÌýWe can provideÌýaccess andÌýexpertise across many differentÌýareas such as R&D,Ìýmarketing and global supply chain,ÌýcreatingÌýinnovation partnerships that can really transform a business.ÌýAt the same time,ÌýweÌýalsoÌýknow that we can learn a lot fromÌýstart-upsÌýandÌýimproveÌýand growÌýour own businessÌýbyÌýtaking their agility on boardÌýand learning from their approach.â€�ÌýÌýÌý

RB isÌýalways lookingÌýto partner withÌýhealthcareÌýandÌýhealthÌýtechÌýstart-upsÌýand innovatorsÌýon the next generation ofÌýconsumerÌýhealthÌýproducts.ÌýBy supporting start-up leaders through some of the most stress-inducing stages ofÌýgrowingÌýtheirÌýbusiness,ÌýRB aims toÌýfast-track the development of effectiveÌýhealth solutionsÌýforÌýconsumers worldwideÌýand supportÌýtheÌýhealth ofÌýtheÌýinnovators behind them.ÌýÌýÌý

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