Over 25% of founders are working 50 to 80 hours a week as they seek to get their businesses off the ground.
According to a survey commissioned by BGF Ventures and conducted by Streetbees, approximately a third of those surveyed are also concerned about being able to pay their mortgage or rent.
Speaking about the findings, Harry Briggs, partner at BGF Ventures, said: “Starting your own business is a huge commitment and this survey shows that it can really take a toll on people’s lives, affecting their family life, their financial status and their health, to some extent.
“Entrepreneurs need to be resilient and be able to learn from their experiences, but they also need wiser heads to help guide them if they are to make a success of their business idea. Investors can be as much a part of the problem as the solution and at BGF Ventures we work closely with our founders to make sure that the needs of the business are balanced with their own needs as managers and leaders.”...