The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has launched a new site, My Business Health, aimed at improving the wellbeing of Australia’s small business owners.
The My Business Health, site has been designed to provide holistic support to small business owners. It offers practical tips and information to assist small businesses with everyday issues. The site features resources across a range of small business pain points from finance to mental health, with a strong focus on providing the support workplace wellbeing.
The new portal was launched by the ombudsman Kate Carnell and Minister for Employment, Skills, Small and Family Business, Senator Michaelia Cash.
Carnell said My Business Health will help small business owners with the issues that are keeping them awake at night.
“Many small and family business owners may not be aware that their everyday worries – be it cash flow, staff-related concerns or paying suppliers – can actually cause high levels of psychological distress. That can have a serious impact on both mental and physical health,” Carnell said
“My Business Health provides useful tips to help small business owners with some of the issues that go hand-in-hand with running a small or family business. The web portal also provides excellent resources to help support small business owners experiencing mental health issues as a result of their concerns about their business.
The project was developed in consultation with EveryMind, Beyond Blue and small businesses owners to ensure it meets the needs of small business.
“Mental health is a serious issue for Australia’s small business community with the Productivity Commission’s draft report into mental health finding the cost of absenteeism and presenteeism to the sector is over $17 billion per year.
“A recently released MYOB report revealed 56 per cent of small business owners feel that running their business has directly brought on anxiety and depression. 48 per cent of those small business owners reported their anxiety was largely caused by financial and cash flow concerns.
“We know that it makes good business sense to invest in workplace wellbeing, with every dollar spent on creating a mentally healthy workplace providing solid return on investment.”