- One in five Australian small business operators feel the brunt of work anxiety on their personal relationships
- Managing business cashflow and debt is the most common trigger of stress among small business owners
A survey by Yellow has discovered Australia’s small business owners are struggling with stress, with many reporting to feeling anxious every day. One in four of those surveyed admitted to felling stressed every day, yet the majority (72 per cent) don’t seek help.
The study surveyed small business owners across the nation from all sectors of business to identify the impact of running a small business on mental health.
Managing business finances (32 per cent), juggling multiple responsibilities (26 per cent) and no work-life balance (16 per cent) were cited as the top stressors. Half of those surveyed say they work more than nine hours per day – significantly higher than the daily average of 7.6 working hours.
One in five say not only their productivity takes a hit as a result of their work anxiety, but they also feel the brunt of it on their personal relationships. Despite this, 22 per cent cite not wanting to be a burden to others as a deterrence from seeking help, while 14 per cent say they are not sure where or who to seek help from.
“Running your own business can be hugely rewarding but it comes with high pressure and often small business owners find it hard to switch off from work after hours,” said James Ciuffetelli, Yellow Executive General Manager.
“Having worked with Australian small businesses for more than four decades, we understand the challenges that come with being a small business owner. With Mental Health Week raising awareness of the issue this week, we want to remind all small business operators to take the first step of reaching out to someone – whether that’s a friend, a partner or a family member – and start a conversation about their mental wellbeing.”