A labour of love: New research reveals the sacrifices made by SME leaders – but 85% would do it all over again

London, 12 February 2026: This Valentine’s Day, Employment Hero, the global leader in HR, hiring and payroll software, is celebrating the heart of the UK economy: British small and medium-sized businesses (SMEs).

New research commissioned by Employment Hero, surveying 1,047 UK business leaders, reveals that running a business is truly a labour of love. Despite significant personal sacrifices, 85% of SME leaders say that if given the chance to turn back the clock, they would do it all over again.

The findings highlight the personal cost of entrepreneurship. Almost all SME leaders (94%) say they have made sacrifices because of their business. Two in three (67%) report sacrificing time for themselves, while over half (55%) say they have sacrificed time with their partner.

Yet despite these pressures, business ownership remains deeply meaningful. When asked how running a business makes them feel, SME leaders most commonly cited purpose, fulfilment and pride.

Resilience in the face of adversity

The research follows a challenging period for SMEs, marked by the impact of measures introduced in the 2024 Autumn Budget. Throughout 2025, higher National Insurance Contributions and new employment law changes weighed on business confidence and hiring decisions.

This is reflected in the national employment picture. Latest ONS figures, which largely reflect the trends of large businesses, show payrolled employees fell by 184,000 (0.6%) year-on-year by December 2025, while unemployment rose to 5.1%, the highest level since 2021. 

However, Employment Hero’s SME labour market data tells a different story.. Analysis of real-time employment data from 117,000 employee records shows SME hiring increased by 2.5% year-on-year by the end of 2025. The data also highlights the impact of policy uncertainty: month-on-month employment growth fell to 0.8% in December 2024 following the announcement of NIC increases and to -1.1% in April 2025 when the changes came into effect. Despite this volatility, British small businesses have continued to take risks and provide employment opportunities.

Giving back to the community

To celebrate the heart of the UK economy and the vital role small businesses play in local communities, Employment Hero and their mascot Big Ears will be handing out letters of appreciation at the England v Scotland match on 14 February, encouraging fans to show support for their favourite small businesses this Valentine’s Day.

Commenting on the research, Kevin Fitzgerald, UK Managing Director at Employment Hero said:

“This Valentine’s Day, we wanted to shine a light on the real love story driving Britain’s economy – the unwavering commitment of small business owners to their companies and their teams. These are people who’ve sacrificed time with loved ones, personal wellbeing and financial security to build something meaningful.

“They’ve weathered one of the toughest years in recent memory, facing rising costs, policy uncertainty and a contracting national labour market. Yet our data shows they haven’t given up. While the broader economy has seen employment fall, SMEs have continued to take risks and invest in people.

“That 85% would do it all again speaks volumes about the resilience and determination of Britain’s small business community. Even when it costs time and relationships, the love for their business endures. That’s the kind of commitment worth celebrating and it’s why SMEs remain the beating heart of the UK economy.”