Small business owners say mental health declining amid inflation and poor work-life balance, new report suggests

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

A Canadian survey of 1,500 entrepreneurs found only 35 per cent of respondents say they sought professional help for a mental health concern.

Canadian entrepreneurs’ mental health has declined “significantly” over the past year amid rising costs and poor work-life balance, suggests a new report by the Business Development Bank of Canada .

As well, more than half of the entrepreneurs surveyed cited inflation as a source of stress. A similar proportion, roughly 54 per cent, indicated a poor work-life balance was leading to negative mental health outcomes. “Inflation rates and other factors are affecting their business in ways they can’t control, leaving many entrepreneurs resorting to working even longer hours just to stay afloat.”

The new survey, released Tuesday and conducted in late February and early March, comes on the heels of another report by the Canadian Federation of Independent Business, which founddue to labour shortages in the workforce.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: Pandemic symptoms still haven’t passed for small business, CFIB’s Kelly saysCFIB surveys show that sales at roughly half of small businesses are still below their norms before the pandemic
Source: globeandmail - 🏆 5. / 92 Read more »