I am in a very fortunate situation to work with and on my fathers business. One day, in the not too distant future, I will be running the business and will manage all of the business myself. I will be the manager and also own 33.33% of the business when my parents pass it onto the three beneficiaries. To be totally honest, I am not too far from running it myself now as I do all the bookwork and invoicing etc.
With working on a family business comes flexibility. Our business is in the hay and straw processing area (agriculture). We have 2 full time employees (myself and my dad) and a casual that we call on regularly to help with post-processing tasks.
I have now been at the company (yes we pay company tax here in Australia) for a little over a year. At the start we used to work 5 days a week. We would work 8:30am to 5:00pm just like a regular job with an unpaid hour lunch. We would work 7.6 hours a day for 5 days a week = 38 hours a week.
We did this for roughly 4 months. I was then talking to my best friend and he said he was off to the mines (iron ore) for work. He told me that they work for 12 hours a day for 7 days. This is 84 hours in a week, he would then get a whole week off, meaning he would work 2184 hours in a year. That’s a pretty good gig.
So it got me thinking….. why am I working 38 hours in 5 days. Seems like an awful waste of time management. So I suggested to dad that we change our working hours. We start at 7:00am and work till 5:00pm (9.5 hours a day). This would mean that we would work 4 days and still get 38 hours a week (30 mins unpaid lunch). This works out to be 38 hours times 52 weeks (not including leave) = 1976 hours a year of work, slightly less than my friend.
We have both noticed production has increased, we have extra energy because we aren’t spending time standing around waiting for 5pm, we usually get a lot more work done because we are there for what feels like a shorter time overall. And to top it off, the casual worker is happier as he is there for less days but works longer days. He is happy he is working 5 hours or so a day for 4 days rather than 3 or 4 hours a day for 5 days.
If you are in the situation to change, I would suggest to see if you can do it also. This gives me an extra day to work on side hustles and spend extra time with the wife upgrading things around the house.
What do you think? Is this a good idea to change your working week to 4 days?