Have you ever found yourself wondering how to manage mental health struggles as a small business owner?
Do you know that good mental health is crucial to achieving your goals in both business and your personal life? In order to help yourself and others with the tasks you face in business, it’s essential to understand the most common mental health issues and what solutions you can implement to pave the path to success for yourself and your business as a whole.
1. Mental health is a real issue
Starting your own business may seem like a dream as many of us imagine doing what we love, and becoming our own boss can be very attractive. In reality, though, having a small business also comes with a lot of challenges and struggles that are often left aside.
It can be difficult to lead a successful and productive business when you aren’t at your best, and contrary to old beliefs, mental health can affect everyone.
As shown by recent studies, more than half of all business owners in the UK suffered from anxiety, 62% have been affected by stress and 30% experienced depression. (BusinessLeader UK)
Mental Health Uk shares that four in five small business owners are experiencing poor mental health.
Xero also tells us how much of a problem mental health is in a post-pandemic world for small business owners – “The pandemic was the greatest cause of poor mental health, for over a third (37%) of respondents, but issues such as cash flow (24%) and the cost of living (24%) also had an emotional impact.”
No matter where you choose to get informed, the conclusion is the same: we are dealing with a business owner’s mental health crisis and we need real, proactive solutions.
The big question on everyone’s minds is: how to manage mental health problems as an entrepreneur and how to access support?
2. You can’t ignore the impact of mental health in the workplace
First and foremost: you can’t ignore the impact of mental health in the workplace.
It seems that almost half of the small business owners that suffered from poor mental health didn’t seek any help, saying they didn’t know where to go or were unaware support even existed.
Mental wellness affects how people think, feel, and behave at work (including yourself, yes!). It affects everything – from productivity, personal interactions, communication, and teamwork, to maintaining safety at work.
If your business is not mental health aware/oriented, you and your staff are most likely to experience problems including low motivation, inefficiency, low productivity, exhaustion, and burnout which combined are a recipe for utmost long-term disaster!
3. How to manage mental health struggles as a small business owner
Wondered how to manage mental health struggles as a small business owner? Taking care of your mental health helps you to remain strong, healthy, and positive so you are able to carry on in spite of inevitable problems. (You can find in our blog section many articles work-life-balance oriented)
Nowadays there are multiple ways to seek help as a business owner.
Talk about mental health
One very important aspect of it is awareness. Educating yourself and your employees about mental health struggles will lead to a better work environment and a better understanding of when help is required. Ignoring the issue will make things harder, maybe even impossible to fix long term, or make you and your staff feel alienated and not share a common goal.
Seek help when needed
If we do not open up about our struggles, we cannot receive help, so it is of utmost importance to ask and seek help when we need it.
One key fact is certain: you are not alone in your struggles and the stigma surrounding mental health is slowly and surely fading away, as it should!
The Federation of Small Businesses has put together a comprehensive list of mental health resources that you can put to good use because “IT’S OK TO TALK ABOUT MENTAL HEALTH” and it is ok to ask and seek help.
Make good use of available tools
Being mentally healthy allows you to continue feeling this way about your job.
As a small business owner, dealing with your mental health should be one of your key priorities, and it is important to establish a work environment that provides support for your employees’ physical and mental well-being.
This means that work-life balance should be a top priority, but it is solely up to you how you implement it in the personal and professional aspects of your life.
4. How e-PA can help:
e-PA Virtual Services can help ease the load that pulls down business owners’ shoulders. Our globally unique range of services is designed to help you and your business thrive, giving you more free time and the so valuable peace of mind, knowing that all your business enquiries are professionally handled by your e-PA, as if based in your office, so you never miss an opportunity.
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