{"id":101612,"date":"2019-08-04T22:37:08","date_gmt":"2019-08-05T02:37:08","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=101612"},"modified":"2019-09-26T06:37:50","modified_gmt":"2019-09-26T10:37:50","slug":"study-sleep-is-essential-for-business-leaders-seeking-next-successful-venture","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/study-sleep-is-essential-for-business-leaders-seeking-next-successful-venture\/","title":{"rendered":"Study: Sleep is Essential for Business Leaders Seeking Next Successful Venture"},"content":{"rendered":"

Jeff Bezos and Arianna Huffington came up with brilliant ideas that turned into companies that are now household names \u2014 Amazon and HuffPost. The secret ingredient for coming up with these ideas may be something we can all tap into \u2014 a good night\u2019s sleep.<\/p>\n

According to a new study, sleep plays an especially important role in not only identifying a good business idea, but in evaluating it and believing it is viable.<\/span><\/p>\n

\u201cEntrepreneurs who consistently choose hustle over sleep, thinking that sleep comes after success, may be subverting their efforts to succeed,\u201d says lead author Jeff Gish, an assistant business professor at the University of Central Florida. \u201cEveryone needs a good night of sleep, but it is especially important for entrepreneurs.\u201d<\/p>\n

\u201cEntrepreneurs who consistently choose hustle over sleep, thinking that sleep comes after success, may be subverting their efforts to succeed.\u201d \u2014 Jeff Gish, assistant business professor<\/p><\/blockquote>\n

The study was published in Journal of Business Venturing<\/a> this month.<\/p>\n

Several studies have found a connection between sleep and job performance. Bezos and Huffington have both shared that they get plenty of sleep in various media interviews. But the new study found a link between sleep and the cognitive skills needed to identify and evaluate an idea. Entrepreneurs use experience and business knowledge to evaluate ideas that could turn into successful business ventures. But sleep appears to be an important factor as well.<\/p>\n

The study surveyed more than 700 entrepreneurs from around the world. The surveys asked about sleep patterns, hours of sleep and types of sleep.<\/p>\n

Business pitches were drafted and an independent panel of business experts reviewed and ranked the pitches as having the most potential, medium potential and least potential for success. Then the participants in the study reviewed the three pitches in the same day. Those leaders who had less sleep did not consistently pick the best pitches.<\/p>\n

In the second part of the study, a smaller group of participants evaluated the pitches over several weeks while charting their sleep patterns. Those participants who had at least seven hours of sleep each night consistently selected the best pitches identified by the expert panel. Those who had less sleep or restless sleep did not consistently pick the best pitches.<\/p>\n