Dealing with Financial Stress by Peter Caunt - Senior Director
Jen – our Marketing and Business Development Manager – recently gave me an article that set me thinking. It came from a small business conference in Melbourne.
It said (in part) – “given that mental health diseases like anxiety and depression are on the rise, the financial guidance provided by accountants can go a long way in preventing and reducing distress.”
This was quoted from an academic at the conference.
One thing I have found true over the years is that when I am feeling well and healthy then I am much more likely to go to the gym, or to yoga or pilates classes – in other words look after myself.
When I am badly needing the support the gym, yoga or pilates, etc. can give me – that’s when I decide not to go. Human nature I guess.
The same applies to financial health.
The article given to me by Jen said that out of 757 small business operators surveyed by MYOB, 43 per cent reported that since starting a business, they have experienced some form of mental health condition. This percentage rose to 52 per cent of respondents under 40.
As your accountant we want (and love) to help you.
If you are feeling financial stress in your business, it’s the time to come and see us. Talking it through doesn’t need to take hours or be expensive – but it can help.
When your back is sore it is the time to go and see your physiotherapist, pilates or yoga teacher. When your business is doing it tough that is the time to see your accountant.
The saying that a problem shared is a problem halved can be so true.
So, make an appointment and come and see us. Of course if you’re feeling of depression is severe then see your GP or medical advisor for help – or contact an organisation like Life Line, Beyond Blue, Headspace, Black Dog Institute, SANE Australia or R U OK.