There is no denying the last few years have been extremely challenging for many people in business.
If you are feeling like your well has run dry, you are not alone. The Australian economy is dominated by a whopping 98 percent of small to medium businesses.
While many businesses across Australia have reported "doing well" financially over the last few years, many have suffered significant blows due to border closures, restrictions, lack of staff, mandates, and the list goes on.
Research conducted by Small Business Mental Health (SBMH, 2020) indicates small to medium business owners experience higher levels of mental ill-health, with one in three having a diagnosis in the last twelve months of either anxiety, depression, or stress. Locally, there appears to be a sentiment of exhaustion and business burnout.
The World Health Organisation declared burnout as a syndrome characterised by three dimensions:
Exhaustion - feeling exhausted and lacking energy
Cynicism - feeling negative or cynical about your work
Inefficacy - reduced productivity
In business, burnout may be experienced by a feeling of exhaustion, lack of interest in daily business and life activities. Business owners working in stressful situations for extended periods are vulnerable to experiencing business burnout.
Being a woman in business who has experienced burnout more times than I care to admit, I know a thing or two about the red flags listed above.
Right now, I'm tired, I need to constantly check-in and ask myself "What do I need most right now?" and draw on my PRESS PAUSE boundaries in business model to keep burnout at bay.
Whilst the list is extensive, I recommend implementing one to three boundaries initially, as you become confident with the ones you have chosen, you may like to add more.
In a series of Mental Health in Business seminars in March, I will be diving deeper into business burnout, setting business boundaries, ways to identify when others are not ok, and how to have courageous conversations with confidence.
These seminars are hosted by the Margaret River Chamber of Commerce and Industries (MRCCI) in partnership with the Augusta Margaret River Shire.
With over 20 years of experience owning and operating small businesses in Margaret River, Rebecca Hannan helps organisations invest in workplace wellness initiatives to see people in business thrive.
She will be presenting at the MRCCI International Women's Day event on March 8 sharing her personal story, When the WELL runs dry - How to replenish your WELL, initiate courageous conversations and cultivate a thriving workplace.
This will be followed by a series of The Wellpreneur - Mental Health in Business seminars. The seminars will be held at Council Chambers on 15 th March from 1 - 3 pm and 22 nd March from 4.30 pm - 8 pm. Contact email@example.com for more information.
Mindful Margaret River is an alliance of mental wellbeing professionals, government agencies and community members aimed at promoting health and wellbeing in the AMR Shire. Mindful Margaret River is funded by Lotterywest and supported by the Shire of Augusta Margaret River. Find out more on our website mindfulmargarteriver.org.au and follow us on Facebook.
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