Post on 24-Mar-2020
transcript
CRICOS Provider No. 00103DCRICOS Provider No. 00103D
Minimise the entrepreneurial toll –a strategic approach.
Alan Labaš – Management Lecturer
October 4, 2019
Entrepreneurial roles and their working environment can lead to stress.Buttner, E. H. (1992). Entrepreneurial stress: is it hazardous to your health?. Journal of managerial issues, 223-240.
“Initiating and running one's own business requires significant risk taking” (Buttner, 1992, p.224)
Buttner, E. H. (1992). Entrepreneurial stress: is it hazardous to your health?. Journal of managerial issues, 223-240.
The risks in entrepreneurship
Four types of risk1. Financial risks2. Career risks3. Social risks4. Health risks
SOURCE: Schaper, M. T., Volery, T., Weber, P. C., & Gibson, B. (2014). Entrepreneurship and small business
(4th Asia-Pacific ed.). Milton, Qld.: John Wiley and Sons Australia.
“Running your own business can be hugely rewarding, but for many small business owners having sole responsibility for the company’s success or failure, cash flow and people management can take its toll”
https://www.headsup.org.au/news/2015/10/01/mental-health-risks-facing-small-business-owners
Small Business Stresses
financial stress due to
unpredictable income
high levels of uncertainty
where you don't know where the
next job is coming from
high job demands and
multiple responsibilities
in the workplace
isolation and lack of social
support
high level responsibility to others including employees and
family
Presenteeism where you continue to
work even if you aren't well
long hours
blurring of boundaries
between home and work
http://www.abc.net.au/health/features/stories/2015/03/05/4191859.htm
Entrepreneur/small business online portals provide help.Business Victoria - Stress savvy in businesshttps://www.business.vic.gov.au/disputes-disasters-and-succession-planning/cope-with-stress-and-anxiety
Business.gov.au – Managing stresshttps://www.business.gov.au/risk-management/health-and-safety/managing-stress
Heads Up – Mental health and small businesshttps://www.headsup.org.au/your-mental-health/mental-health-and-small-business
Beyond Blue - Free mental health guide for small business advisershttps://www.beyondblue.org.au/media/media-releases/media-releases/free-mental-health-guide-for-small-business-advisers
What are you going to do about it?- Do you have a strategy?
- Have you done a risk analysis?
- How do you plan to mitigate the risks?
Do you have a strategy for:- How you intend to manage your own health;
- Are family holidays a part of your strategy;
- Have you considered mental health approaches in your maintenance plan – i.e Guitar lessons;
- Have you created boundaries between work and home;
- Budgeted for these strategies.