The biggest stress point for small business owners is the fact they are striving to survive. This can be due to increasing competition, financial commitments, tax liabilities, changing regulatory environment or keeping up with evolving technology.
Knowing what to expect, managing your time and planning ahead will significantly reduce the time you may now spend on worrying
As accountants we are familiar with the issues that business owners deal with on a daily basis. We understand that these issues can have a significant impact on the mental wellbeing of yourself and the people around you. The good news is, we are here to offer you some guidance to simplify your business and tax affairs and hopefully give you some piece of mind in doing so.
How can your accountant assist you with maintaining your mental health?
Support the wellbeing of your employees
If you employ staff it is important to provide a positive, healthy and safe working environment for your employees, where everyone can be well and thrive. By creating a strong workplace culture and supporting your employees, your staff will generally feel happier and perform better at their jobs. A survey done by the Anxiety and Depression Association of America showed that happy employees are 12% more productive than unhappy ones - so it’s worth showing you care about your employees’ mental wellbeing.
Here’s what you could do:
Don’t forget the reasons why you started your own business, what drives you and what’s important to you as a person, and always remember to stay passionate about what you do.
Where to get help
Good mental health and wellbeing allows you to live your life in a positive and meaningful way and cope with life's changes and challenges. Besides reaching out to your friends and family, read these Tips to Keep Good Mental Health.
There are many organisations that can provide information and support to help you with your mental health and wellbeing:
Suicide Call Back Service
Business in Mind
Mates in Construction