How Your Mental Health Affects Your Business

03 Oct How Your Mental Health Affects Your Business

Being your own boss can really be challenging and stressful. So, looking after your mental health can prove to be helpful in the success of your business.

Ask any girl boss about stress, they’ve experienced all kinds of it. If you are a working mum running your own shop, or a boss babe starting to build her own empire, it pays to check on your mental health before it takes a toll on your business and your personal life.

Stress in the business

Cash flow management, long hours, debts, dealing with clients, and handling your employees can leave you feeling mentally exhausted, stressed, anxious or depressed. Consequently, this can have a negative impact to your personal relationships and business operations.

How to handle stress

• • Review your business plan – check if there are processes you can modify to efficiently reach your business objectives
  • Organise your finances – Manage your cash flow by ensuring you have a list of all your business expenses. Next step is important and highly recommended.
  • Seek an expert – get the help of a professional finance broker to help you manage and secure finances for your business

  • Have a time for yourself – Try to find the balance between work and personal life. Set a date in a week when you can reset and unwind. Schedule a time for the day when you stop responding to work-related emails. Always prioritise yourself.

10/10 World Health Mental Day

October 10 is World Health Mental Day. 1 out of 5 Australians are affected by mental illness, yet many don’t seek help because of the stigma. Let’s help shed a positive light on mental health. Running your own business can take so much of your time, but taking care of your mental health is an investment in you and your business.

The takeaway

Being a small business owner doesn’t have to compromise your mental health. Learning to say “no” or just spending some quality “me” time are already self-care in itself. Self-care isn’t selfish. It is for you as much as it is for your clients, your family, friends, and the people around you.

If you need help securing finance for your business, I am more than happy to relieve that potential stress for you. Feel free to give me a call on 0408 081 082.

 

Disclaimer:

Credit Representative Number 486927 is authorised under Australian Credit Licence 389328.

This article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.