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Managing your wellbeing as a business owner

Running a small business is no easy feat.

Research indicates that issues of mental health are more likely to occur among small business owners than other members of the workforce.

When you’re juggling long working hours, trying to maintain personal relationships, managing your cash flow and dealing with isolation if you’re working on your own – the reality is, it’s a lot to deal with!

R U OK? Day (12 September 2019) is the perfect prompt and reminder that you, and your employees, are the most valuable asset to your business. Creating the best business you can starts with making sure you take care of yourself, as well as those around you.

To help you do this, we’ve put together this list of wellbeing resources designed with small business owners in mind.

R U OK? Day

The resources on the R U OK? Day website can guide you through how to ask someone if they are OK at work, at home or in the community.

On 12 September, make sure you ask the question R U OK? not only to your employees but also yourself.

Ahead for Business

The Ahead for Business website has a range of free tools to help you take action when it comes to managing your health and wellbeing. It includes tools to help you assess your situation and create a wellbeing program for your business.

Beyond Blue small business support guide

Beyond Blue’s guide on supporting small business owners to improve their mental health and wellbeing at work offers business advisers such as accountants, bookkeepers, tax agents, industry associations or family and friends, with practical tips on providing support without the need to be a trained counsellor or clinician. The guide was designed for this support network because they are often the first to notice when small business owners experience mental health challenges.

Tips from business coaches

Hear from leading small business coaches as they offer advice on managing wellbeing for business success. In a series of five videos, coaches offer tips on different topics, including: family businesses, managing stress and common pressure points.

Free business advice from the SBDC

We provide a range of services to the small business sector, including free business advice and a dedicated dispute resolution service. If you would like to talk to a business adviser about your situation, call us on 133 140 to speak to a member of our team or fill in our request free advice form and one of our advisers will call you.

What else can I do? 

There are some easy steps you can take to avoid exhaustion and burn out:

  • Regularly switch off and disconnect from devices.
  • Prioritise spending time with family and friends.
  • Schedule in holidays or short breaks.
  • Develop guidelines to help you separate business from personal time.

When it comes to your employees, it’s OK to ask people about the stress they are experiencing, and ask them why they think they are feeling that way. Sometimes just letting someone know that you are there to listen without being judgmental is a good way to help them cope.

What if I need to talk to someone now?

If you need to talk to someone now, the following services are free and available 24 hours a day:

More information

For more tips on how to manage your wellbeing as a business owner, read:

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