Business or pleasure? The answer is both for many small business owners who travel for work.
New research from Marriott Rewards Premier Business Credit Card from Chase revealed that 85 percent of small business owners carve out some personal time during their business trips as a way to squeeze in some much-needed vacation.
Specifically, 61 percent of those who make time for personal activities while traveling for business add an extra day to their trip for the sake of some leisure time, with 47 percent blocking off time to enjoy hotel amenities such as a pool or beach.
Sleeping in, splurging on an expensive meal, purposely grouping meetings together to allow for an afternoon or morning off, refraining from planning meetings for the trip's final day and upgrading travel arrangements are among the other ways small business owners make time for themselves while away for work. [See Related Content: Summer Vacation: How Small Business Owners Can Get Away]
"While small business owners enjoy making their own schedule and being their own boss, they often miss out on perks such as guaranteed paid time off," Vibhat Nair, general manager of Chase Card Services, said in a statement. "As some of the most dedicated workers in the country, small business owners deserve a break, and this survey shows they are finding time off while traveling for business."
Whether they take vacations or schedule personal time into a business trip, small business owners understand the value of being able to get away. The study found that two-thirds of those surveyed think taking a personal vacation benefits their business. They think time off improves their focus, creativity and motivation, as well as gives them an opportunity to look at the big picture and think clearer about the future of their business.
Despite knowing the benefits, only 25 percent of the small business owners surveyed are able to completely unplug from work when taking time off. The research discovered that nearly three-quarters of small business owners worry about work and responsibilities they are missing during their time off.
Younger owners have a harder time breaking away from their work while on vacation. More than 40 percent of the millennial small business owners surveyed said they worry about work on their vacations, compared with just 17 percent of baby boomer owners.
The study was based on surveys of 1,001 small business owners (age 25 and older) with 99 employees or less, who travel at least three times per year for work.