Stress and Small Business: Mid-Market Woes
The findings of the second quarter 2018 SME Confidence Index reveals that 76% of small businesses owners surveyed indicate the pressure of running their own business can sometimes be overwhelming. According to a study done by the Stevenson/Farmer review, further analysis shows that around 15% of people in small businesses have symptoms of an existing mental health condition, often resulting from conditions that develop from starting a small business. The passion and energy behind a small business owner and their work isn’t lacking, it’s the feeling of security and support. In 2018, with mental health at the forefront of many discussions, it’s important to find ways to manage stress in the small business world.
Most of the stress small business owners have comes from money. Funding, capital, and even social pressures can add up. According to new research from ActiveQuote, self-employed women are almost twice as likely to suffer mental health issues than men. The proportion of self-employed women in emotional difficulty has remained consistently higher over the past five years, with 6.7% battling mental health worries compared to just 3.6% of men in 2017. n a Facebook study carried out on Facebook by Forbes, 83% of self-employed people said they were lonely despite using social media throughout their day. The “grind” of working towards growing what you love can be hard, and there’s a trick to managing all the pressures of doing it alone.
Help can come from a number of places. First and foremost, it comes from the connections you make professionally as well as socially. The people you know around town could be the asset you are looking for when it comes to making connections to grow your network. For the beginning of any small business, who you know and what they can help you with could make a difference between stressing and saving valuable time and energy for larger projects that contribute to your success. With so much of that financial stress being the brunt of what you experience, it’s helpful to be open to assistance in places that may know just what you are experiencing.
Banks can be terrains that don’t end up being worth the time and trudging required to work with them for capital or financial consultation. For financial services for every step of starting and growing a small business, the stresses of the mid-market don’t seem so scary with SA Capital Partners.
About SA Capital Partners:
SA Capital Partners is an innovative financial services firm that specializes in mergers & acquisitions advisory and capital raising for lower middle market businesses. We aspire to give all the tools necessary to complete any transaction. SA Capital Partner’s financial services industry specialists provide comprehensive, integrated solutions to banking transactions. Our breadth of services and industry knowledge allow us to understand each client’s unique business needs. Our goal is to make all financial services available to every small business.