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‘More than half’ of SMEs rely on a spouse to help run the business

A new study has suggested that 51% of small business owners and managers rely on their spouse or partner to help run their business.

According to the research, 46% rely on their partners to take responsibility for general business administration, while 19% employ their spouse or partner as a receptionist and 14% expect their partner to cover the legal and accounting side of the business.

Spouses and partners of small business owners work an average of two days a week for the business, with one in four putting in three or more days.

However, they are not always rewarded for their efforts, with 31% of business owners revealing that their partners do not receive any kind of financial remuneration.

Furthermore, 65% of people who play an active role in their partner’s business also have their own jobs.