Many business owners are seeing Christmas as an opportunity to ‘catch up’ after slow year, but it is important that this does not lead to increased stress and burnout.
A new Australian Treasury report has revealed the impact of the COVID-19 pandemic on the mental health of small business owners. While lockdowns and other restrictions may no longer be affecting business owners, many stressors are having a long-term impact.
COVID-19 left many business owners in a state of uncertainty, concerned about the future success of their business. This meant many were working harder than ever to stay afloat and spending more time thinking about their business outside of work hours. COVID-19 also created additional duties for small business owners like managing grants and JobKeeper payments. Many businesses are still recovering from these impacts, so it is no surprise that difficulty finding a balance between the demands of work, family and personal life was the top business stressor identified in the report.
Work-life balance has always been a challenge for business owners, and the pandemic may have made this feel more unachievable. One way business owners can restore some balance is by taking some time off work. While the Christmas ‘break’ may mean time off for some, it can be one of the busiest times of year for others, and it can be difficult seeing others getting paid time off to relax and unwind. You may also be left short-staffed or alone due to employees taking time off over the holidays.
As a small business owner it is important to plan for time off to ensure you are taking a break every so often, even if this not over the Christmas period. While this may seem difficult, taking time off is an important part of looking after your mental and physical wellbeing, and ensuring you do not become overly stressed or burnt out.
Some tips to help you plan for some time off include: