Business Owners & Depression

We stumbled upon an article today that suggested a sobering statistic.

The article on claimed that 1 in 10 small business owners are contemplating suicide in the midst of the coronavirus pandemic.

The main reason is cash flow problems as they try to meet COVID-19 guidelines and ensure late payments are finally made.

Reach Out To Each Other

We want to bring this news to your attention, and encourage you to reach out to other business owners that you know.

Whether you yourself are personally struggling with your mental health, or even if you aren’t, reaching out ensures that we all stay safe and supported during this time.

Further statistics show that 78% of SME owners have worse mental health, than they did before the coronavirus pandemic broke.

You’re Not Expected To Move Mountains

Reaching out to your fellow business owners is a simple ask. You’re not expected to move mountains, just to be someone who can listen, and keep in touch.

Some businesses have flourished in this time, as their industry hasn’t been heavily affected… perhaps there are ways you can help support struggling businesses who are local to you.

These are just some small ideas, the tip of the iceberg, of how we can help one another through this turbulent time.

Resources Provided By The NHS

If you are personally struggling yourself, don’t be afraid to reach out for support. There are like-minded business owners out there, who are not too busy to listen to someone in need.

We all have our problems at this time, but those issues of suicide and depression need to be talked through sooner rather than later.

The NHS have a list of resources to help different people, in different situations, to look after themselves and get the help they need if they are struggling with their mental health.

NHS Resources

We’ll put the link to their resources here:

If your mental health has been affected by trying to run a small business during the COVID-19 pandemic, there are many organisations offering support such as Samaritans or Maytree.


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