Business Owners Still Working To Get Back On Track

A BDC report tracking the state of Canadian business owners' mental health during the COVID-19 pandemic has found that two-thirds say they have things under control when it comes to continuing to adjust to the COVID-19 context, a slight decrease compared to March 2021’s 70 per cent. The good news is 81 per cent of business owners felt satisfied with their mental health at least once a week and 44 per cent were satisfied every day. When it comes to sources of stress, generating enough revenue to make a profit and to cover expenses, remain top concerns, but new worries are growing. Restoring supply sources and attracting clients back to physical locations have significantly increased compared to last year. Entrepreneurs also reported a slight increase in mental challenges, such as feeling more tired, depressed, and that mental health challenges interfered with their ability to work. These feelings were higher among women, diverse (particularly LGBTQ2+), and younger entrepreneurs (under 35 years old), reinforcing the trend seen in past surveys.