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End of Financial Year Mental Health Tips for Business Owners

End of Financial Year Mental Health Tips for Business Owners

Happy New (Financial) Year

As we enter a new financial year it is a great time for business planning and reflecting on the year that has been. With the whirlwind of 2020-2021 and all the changes that Covid-19 has brought, it is important to also take some time to consider your mental health. Mental health problems are common, especially depression and anxiety and the added stress of the pandemic can have lasting effects. There are actions you can take to improve your mental health and wellbeing and to help you better cope with stressors in your business and personal life as a business owner. Below are some tips from Beyond Blue.

Keep your work hours in check

Running your business can be all-consuming and, at times, it may feel like your business is your life.  Long working hours can too easily become the norm and before you know it there is not much room for anything else. Whether you are driven by the satisfaction of running your business or you feel like your business is running you, taking time out for you, your family and friends is essential. Long working hours have not only been linked with poorer mental health but also excessive fatigue, burnout, worry and irritability, as well as increased injuries.


Stay connected and access supports

Running a small business takes time and energy and sometimes this can be isolating. This may be in a literal sense if you are a sole trader working by yourself. It is important to keep connected and find someone who you can talk with about your business successes and worries. Having access to social supports is one of the key things you can do to keep well and is linked to better mental health.


Maintain a healthy lifestyle

A healthy lifestyle represents a way of living that is good for our mental health and wellbeing. It includes actions, like those above, to assist with work-life balance and ensuring we have access to supports. It also includes other actions that can help us manage stress and obtain better mental health. In this way a healthy lifestyle can provide a good foundation for managing the day-to-day challenges of running a small business.

Going Forward

Heads up is an initiative developed by Beyond Blue and supported by the Mentally Health Workplace Alliance that calls on business leaders to make a commitment and start taking action in their workplaces. It also encourages everyone in the workplace to play their part in creating a mentally healthy working environment, take care of their own mental health, and look out for their colleagues. Their website provides a wide range of resources, information and advice for individuals and organisations.

We all have good days and bad days. Then there are those days when something isn’t quite right, you’ve got something on your mind, or things just seem too much. Whatever it may be, it can make a real difference having someone to talk to. To hear what you have to say. And to give you advice. So, no matter who you are, or how you’re feeling, reach out for support:

Beyond Blue Support Service 1300 22 4636

Lifeline 13 11 14

Black Dog Institute

Australian Government: Head to Health


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