Small Business Leaders and Operations
In a 2017 study of over 1000 small business owners by Bank of America, 41% of respondents reported that managing their business is their top personal stressor. Contributing operational stress factors can include:
- Inadequate sales, high debt load, and insufficient cash flow
- Stagnation, high level of uncertainty, and insufficient resources for proper development
- Issues with employees
- Issues with operation
In addition to the above, small business owners and leaders also experience other personal stress factors that include:
- Professional isolation and lack of support
- Blurred boundaries between home and family life
- Difficulty maintaining spousal and family relationships
- Health deterioration
- Concerns with personal finances
- Long hours of work – one survey from New York Enterprise Research Report found that small business owners worked twice as much as regular employees, with 33% reporting that they worked more than 50 hours per week and only 57% indicated that they took vacations. Of those that took vacations, 67% indicated that they would check in to work at least once a day.
All of the stressors above can have a huge impact on the physical and psychological wellness as well as productivity and effectiveness of a small business owner and manager. Small business owners and managers need access to not only business operation and development support but also appropriately tailored physical and psychological health support.
Insight’s experienced small business associates, therapists, and medical partner can support and work hand-in-hand with small business owners and managers to:
- Examine and address their business management, operation, growth, and sustainability concerns.
- Examine and address their human resource needs and concerns.
- Care for their physical and psychological wellness.
- Care for their employees’ physical and psychological wellness.