Survey of Small Business Owners Unveils Concerns as 80% Report Poor Mental Health

The state of the UK’s small business owners’ mental health has been brought into the spotlight after a recent survey showed that around 80% of small business owners have experienced poor mental health.  This comes after a year fuelled by uncertainty, lack of support and cash flow problems connected with the pandemic with the effects of which still continuing to bite.

The charity Mental Health UK recently conducted a survey in conjunction with the small business funding firm iwoca, and found that four out of five small business owners admitted to experiencing common mental health symptoms more than once during the past year.

Symptoms such as the inability to focus was most commonly reported with 66% of respondents confirming that they had been affected in this way, with 64% reporting episodes of anxiety and 63% recounting disturbed sleep.  The survey has also unveiled significant cash flow concerns with 78% of respondents listing this as their most pressing concern during the pandemic.

These alarming results also suggest that 24% of respondents experienced panic attacks and a further 37% experiencing symptoms of depression.

The results did show some variances between the genders with 86% of female SMEs compared to 77% of male SME owners experiencing poor mental health at least a few times during the year.

Mental Health UK is partnering with iwoca to help establish a practical mental health toolkit and support programme designed specifically for small business owners.  Including access to support networks and mental health specialists the aim is to provide practical and relevant services.

CEO of Mental Health UK, Brian Dow stated ‘At Mental Health UK we know that when it comes to mental health support, a one-size-fits-all approach will not do.  We are thrilled to be working with iwoca to launch new support designed for small business owners, which is accessible and relevant to their needs.’

 

At HealthHubble we aim to support all of our clinics and clinicians with valuable and accessible support.  Click to explore our Business Hub which proudly hosts articles written by experienced business focused professionals.  Discover services, support and practical advice that can help your business at every stage of its development.

 

Interested in learning more? Click to find more news stories brought to you by HealthHubble.

 

Carrie Plummer - Editor & Content Manager


Mental Health and Wellbeing News

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