Inflation is rising, and as a result many business owners are reluctant to take time off. A new study by Clarify Capital found that over 6 in 10 business owners have taken less time off in the past year due to inflation. Nearly 1 in 4 business owners said they have taken no time off in the past year.

Vacation and time away from work is essential for employees' overall wellbeing, but despite this, many other factors get in the way of business owners taking time off. Seventy-two percent of business owners said financial concerns prevented them from taking time off. Additionally, factors such as the lack of a backup business manager, concerns about losing opportunities and fear of disruption kept business owners at work. 

The risks of not taking time off from work are clear. According to the study, about a third of business owners who did not take time off said they had poor mental health. Among that group, business owners were 146% more likely to face mental health challenges than those who took time off. The study found that the happiest business owners took an average of 10 days off in the last 12 months.