Powered by MOMENTUM MEDIA
the adviser logo
Broker

Brokers urged to wind down to avoid ‘burnout’

by Reporter4 minute read
Cameron Poolman

Brokers have been encouraged to take a much-needed break this Christmas amid new research revealing that a third of small-business owners are planning to work through the holiday season.

New research from SME lender OnDeck Australia, which involved a survey of 430 small-business owners, has found that 30 per cent of respondents have no plans to take time over the holiday season.

When asked why they weren’t taking time off, 55 per cent said their business is “too dependent on them”, 50 per cent cited affordability constraints, and 32 per cent said they do not have enough time.

Further, of the 70 per cent of respondents that plan on taking time off this year, 49 per cent said they would continue to manage their business remotely.  

Advertisement
Advertisement

OnDeck’s research also found that only half (50 per cent) of SME respondents have taken a holiday in the last six months, one in four (26 per cent) have not had a break from their business in the past four years, and 6 percent have never taken time off from their business.

Reflecting on the results, Cameron Poolman, CEO of OnDeck Australia, said: “The Christmas and New Year period is the peak trading period of the calendar for many small businesses, so it is understandable that many owners are reluctant to take time off. But having some downtime over the festive season is essential to avoid burnout.”

Mr Poolman made particular reference to brokers, encouraging them to take a step back from their businesses to gain insights into their needs and objectives.

“Taking a break gives brokers some distance from their business – and a chance to gain valuable perspectives on where the business is heading and opportunities for growth,” he said.

Mr Poolman added: “Taking care of yourself is taking care of the business. Broking, in particular, is a very people-centric profession, and when brokers become overly fatigued, their business can suffer.

“This makes it critical to embrace opportunities to take time out and recharge this festive season.”

To hear more from Mr Poolman about the tips he has to offer for brokers assisting SME clients, click here.

[Related: Demand for festive finance drives opportunities for brokers]

cameron poolman   ta

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Stephen Hale ta

MFAA launches near-prime, specialist loan resource

Coined Finance for when your customer doesn’t fit the mould: A broker’s guide to near-prime and...

READ MORE
Daniel Newell Gedda

Specialist lender LoanU rebrands to Gedda

The personal and auto loan provider LoanU, which specialises in helping Australians with impaired credit histories...

READ MORE
tech tools

CBA introduces AI technology to combat scams

New figures released by the competition watchdog this week have revealed that Australians lost more than $2 billion...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more