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Saturday 16.12.2017 | Name days: Alvīne
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Study: businessmen sleep better now; small business owners sleep the soundest

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe number of businessmen in Latvia who are not all too bothered by different negative factors has improved over the course of this quarter by 8% – to 53%. Heads of small businesses and service providers sleep the soundest, it seems.

The latest Citadele Index study shows that the bigger a company is the worse the sleep is for its owner. 40% of small business owners (with 1-9 employees) admit being worried about the development and the future of their company. Among heads of large businesses, on the other hand, 75% complain about having bad dreams and generally bad sleep schedule every now and then.

«Heads of small companies mostly deal with a small number of staff members, who are often also family members. Such companies are easier to manage than large ones. Compared with small companies, large corporations have much more complicated internal and external processes to deal with, including logistics, quality control, cooperation with suppliers, finance management and personnel management. All of those processes require more effort and planning,» – comments Citadele economist Martins Abolins.

A look at different industries reveals that service providers have the best sleep – 59% of this industry’s businessmen sleep soundly at night. Only 35% of service providers have problems with their sleep every now and then. The situation is the worst in the construction sector – only 40% of businessmen can boast enjoying a good night’s rest. 52% of businessmen in this sector suffer from all kinds of work related problems. Businessmen engaged in trading have more likely bad sleep than good.

The study shows that businessmen in regions other than Riga generally enjoy good night’s sleep. Businessmen active in Pieriga region reportedly have the best sleep (64% enjoy a good night’s rest). The same can be said of Kurzeme (59%). These two regions are followed by Riga and Zemgale (52%). The situation is the worst in Latgale, where the division between businessmen who sleep well and those who do not is 50%.

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