Mental health and business ownership

In recent years, the discourse surrounding mental health has gained unprecedented visibility, reflecting a growing societal concern for individuals' mental well-being

Mental health and business ownership

It is now common to encounter discussions on mental health across various media outlets, highlighting the challenges associated with poor mental health.

Having trained as a mental health first aider, I possess a foundational understanding of how to support individuals who may be experiencing mental health issues. While I am not an expert, I am acutely aware of the potential impact business ownership can have on mental health. (If you haven’t yet, I strongly recommend enrolling in a mental health first aid course.)

The increased focus on mental health is a positive development, promoting well-being, coping strategies, and the reassurance that there is no shame in seeking help. Remember, it is beneficial to talk about your feelings, and support is available if you choose to access it. This is particularly relevant for those considering becoming franchisors or franchisees.

Challenges

Everyone encounters challenges differently. For some, challenges are invigorating, while deviations from the norm can be problematic for others. If you are contemplating business ownership, it is crucial to assess how you manage both your mental and physical well-being and consider whether the daily challenges of running a business might trigger mental health issues.

Being a franchisee

One significant advantage of being a franchisee is that you are not alone. You have the support of the franchisor and, as the network expands, other franchisees who can offer guidance and support.

When considering becoming a franchisee, it is essential to be honest with yourself about your mental health. Understand your triggers if you know them. Building a new business, even within a franchise framework, is demanding. There will be tough days, moments of euphoria, and times when you doubt your ability to succeed.

These challenges are not unique to franchising but are intensified by the commitment involved. Unlike a typical job, you cannot simply quit; substantial financial investment often ties you to the venture.

Steps to take

Ask about the support available to franchisees and request examples of how the franchisor has assisted those facing difficulties. Inquire whether the team includes a Mental Health First Aider. Trust in your franchisor and their staff is paramount.

Communicate the challenges you are facing. If you feel overwhelmed, do not remain silent. Seek support to navigate the tough times.

For franchisors

I was recently struck by a vibrant and dynamic franchisor who confessed to constantly feeling the need to have all the answers. It wasn’t until the lockdown that she admitted to her team, in a moment of intense stress, “I just don’t know what we should do.” This pivotal moment led her franchisees to unite and support one another through the crisis. Sometimes, showing vulnerability can be a source of strength.

Engaging with other franchisors can be invaluable. It helps you realise that you are not alone, which is a significant benefit of being a member of the BFA or participating in an EWIF meeting. You will find that there are answers and support available.

Conclusion

Whether you are a franchisor or a franchisee, support is available – all you need to do is ask. Talk to someone if you begin to feel overwhelmed or lose the joy in your business. If you fall out of love with what you do or struggle with daily functioning, remember that help is available.

ABOUT THE AUTHOR
Louise Harris
Louise Harris
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