Research undertaken by Simply Business points to an impending ‘mental health crisis’ among the business owning community due to the stress and anxiety caused by the pandemic.
The insurer’s survey of 765 SME owners revealed that more than eight out of ten have suffered with poor mental health in the last 12 months, while one in five feel their mental health is in a ‘bad’ place as a result of the pandemic. In addition, almost half of all respondents admitted to being worried about their mental health.
Commenting on the findings, Simply Business UK CEO Alan Thomas said, “Livelihoods are on the line as a result of COVID-19, with small business owners facing an unprecedented amount of pressure. Clearly this is having a huge impact on their wellbeing.”