Running a business can be rewarding, but it can also be challenging.
Financial pressures, economic uncertainty, staffing issues and long hours can impact the wellbeing of business owners, employers and employees.
This guide for employers includes information about:
- how to support yourself
- how to support your employees and create a mentally healthy workplace
- resources and support services
How to support yourself
Managing a business often means balancing multiple responsibilities and making difficult decisions.
Many business owners experience:
- Financial pressure and uncertainty
- Long hours and fatigue
- Isolation and feeling "always on"
- Competing priorities and staffing challenges
Some helpful strategies:
- Set boundaries between work and personal time where possible
- Build a trusted network (mentors, peers, business groups)
- Break large challenges into manageable steps
The earlier you seek support, the easier it can be to manage challenges before they become overwhelming.
Talk to a mental health professional
Medicare Mental Health can connect you with a range of mental health support, services and referrals, whatever your situation.
Call 1800 595 212.
Create a mental health plan
This small business mental help plan by the Victorian Small Business Commission helps identify changes in your situation, and when you might need extra support.
More resources
Mental health and wellbeing support for business: The Australian Government's resource for business owners, including wellbeing support, financial stress support and crisis assistance.
Business Victoria: A Victorian-specific resource for small businesses, with wellbeing, financial counselling and business support programs.
Financial pressure can affect both business performance and personal wellbeing.
You may wish to:
- Seek financial counselling and advice
- Explore payment plans and hardship assistance
- Review government support programs and grants
- Access business training and planning resources
- Talk to your accountant or financial adviser about recovery strategies
Accessing support early can help reduce stress and improve decision-making.
More resources
Monash Grants Finder: Search funding opportunities for businesses.
Business Victoria workshops: Register for free workshops, training and business support.
Australian Taxation Office (ATO) small business essentials: Free online learning courses. ATO also run free online masterclasses where you can talk to a tax officer and get tailored advice for your small business.
Creating a mentally healthy workplace benefits employees and businesses alike.
It can support staff wellbeing, strengthen workplace culture and improve retention.
Simple actions include:
- Encourage respectful conversations
- Check in regularly with staff
- Promote flexible work arrangements where possible
- Help employees access support services
- Lead by example and prioritise wellbeing
Encourage respectful conversations
Starting a conversation about mental health can make a meaningful difference.
R U OK? provides free resources on how to start conversations and build a supportive workplace culture.
How to ask "Are you OK?": A step-by-step guide on having meaningful conversations when someone may be struggling.
Getting involved with R U OK? Day: R U OK? Day is held on the second Thursday of September every year. Get involved with these ideas, activities and resources.
Mental wellbeing resources: Download practical tools, conversation guides and workplace activities.
Remember: You don't need to be a mental health expert to check in with someone. A genuine conversation can help a person feel supported and connected.
Understand employer responsibilities
Under work health and safety laws, business owners must give workers a mentally healthy workplace.
Learn what these work health and safety obligations are and find tips on how to promote good mental health in your business.
More resources
Beyond Blue: How to create a mentally healthy workplace and manage psychosocial risks.
Beyond Blue wellbeing training: Request a quote for tailored training and advisory services for your business.
WorkSafe Victoria: Prevent mental injury and promote a mentally healthy workplace with resources, funding and networking.
Community safety in Monash: Find support services and national helplines for mental health, family violence and LGBTIQA+ issues.
Strong connections can help reduce isolation, build resilience and provide support during challenging times.
Monash businesses can access a range of local programs, networks and services.
First for Business e-news
Stay up to date with local business news, opportunities, events and support programs.
Subscribe to First for Business
Business events and workshops
Build skills, hear from industry experts and connect with other local businesses.
Find a business event
Small Business Mentoring Service
Access free business mentoring and advice for eligible businesses.
Apply for mentoring
Monash Women's Business Network
Connect with like-minded business owners and hear from inspiring speakers.
Women in business
Trader groups
Connect with your local trader group and business community.
Trader groups in Monash
Business networks and alliances
Build valuable business relationships and expand your professional network.
Find a network
Eastern Innovation
Join a community of entrepreneurs, founders, startups and business owners at this innovation hub in Mulgrave.
Discover Eastern Innovation