Challenges of running a small business
Running a small business comes with its own unique challenges. Whether you're a small business owner or a sole trader. A freelancer, independent contractor or gig economy worker.
Challenges can include:
- working hard for long hours to start your business or keep it going
- using personal time for work tasks (such as emails, messages, invoicing, accounts or social media)
- not being able to share work worries with someone who understands your situation
- managing cashflow, finance, debt and money issues
- keeping up with government regulations and other administrative tasks
- feeling responsible for people who depend on you.
Signs you might be struggling with your mental health as a small business owner or sole trader
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Managing stress for small business owners and sole traders
As a small business owner or sole trader, it's important to take time to manage stress and promote wellbeing.
Look after your mental health and wellbeing
There are many things you can do to look after your mental health and wellbeing. Some are simple, others more challenging. Being aware of them and making a plan is a great place to start.
Learn ways to look after your mental health and wellbeing
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Money stress and small business
Money is a big source of stress for many small businesses, from daily cashflow to navigating debt.People with money stress are more than twice as likely to experience poor mental health (and vice versa). Small business owners and sole traders have more money stress, which impacts their mental health.
