Skip to main content
Here are some excellent resources for your business

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Freelancer mental health takes a knock

29 June 2021

The proportion of freelancers reporting mental health problems has risen by over 200% during the pandemic, leaving one in five struggling with issues like anxiety and depression.

Research conducted by the Association of Independent Professionals and the Self-Employed (IPSE) has uncovered what it is calling the "hidden cost of the pandemic" as 52% of freelancers say their mental health has deteriorated during the past year.

IPSE's findings show that the proportion of freelance workers reporting poor mental health has gone up from 6% to 20% over the course of the pandemic - an increase of 200%. Of those who reported poor mental health, 71% said this manifested itself in anxiety or depression. More than two-thirds (69%) also said they had experienced an increase in negative thoughts. Another 77% said they had reduced energy levels, while 71% said they had difficulty sleeping.

Struggling freelancers also say their mental health has had a detrimental impact on their work:

  • 61% said they had struggled to concentrate;
  • 60% said they had experienced reduced productivity;
  • 14% even reported having to delay or cancel projects.

A key factor seems to be finances. Three out of five freelancers (60%) said the pandemic had had a negative impact on their businesses. Company directors were more likely to report a deterioration in their mental health than sole traders - 62% compared to 54% respectively. This may reflect the lack of government support for limited company directors, who were excluded from the SEISS grant scheme.

Freelancers reported that their top five strategies for improving their mental health were exercising (65%), adopting a healthy diet (48%), trying to get enough sleep (46%), spending time on hobbies and entertainment (46%) and sharing their thoughts and feelings with others (27%).

IPSE has made four recommendations for government to tackle the mental health crisis among freelancers, including ensuring flexible and fair COVID support as the country emerges from lockdown, mental health support tailored to freelancers, promoting coworking spaces with business rates relief and encouraging clients to support freelancers' mental health.

ChloƩ Jepps, head of research at IPSE, said: "The hidden cost of the pandemic is the toll it has taken on people's mental health. And for freelancers, who took a disproportionate hit because of their exposed position in the economy, this toll has been particularly high.

"We all know the lockdowns and the sheer tragedy of the pandemic have been bad for mental health across the board, but a 200% increase in poor mental health is shocking evidence of just how exposed the self-employed community is. It is also telling and concerning that the sharpest hit to mental health is among limited company owners, who were largely excluded from support.

"As this research shows, poor mental health not only leads to a rise in conditions such as anxiety and depression; it also leads to problems with freelancers' work and livelihoods. This is something that both freelancers themselves and government need to address."

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.