Healthy Business, Healthy Bottom Line - West Suburban Chicago Toolkit
As a small business owner, we know you wear many hats—from running the day-to-day operations of your business, to managing employees, building a brand and much more. And for aspiring entrepreneurs, this can mean juggling a traditional job while navigating the ins and outs of starting a new venture. One thing many entrepreneurs feel unequipped to deal while starting or running a business is how to handle business finances and maintain health.
A report by the Consumer Financial Protection Bureau found 7 in 10 American workers say financial stress is their biggest cause of stress, and almost half say they find dealing with their financial situation stressful. The report also found businesses that implement “financial wellness” programs see increased productivity and improved bottom lines, revealing there is a direct correlation between financial health and a person’s wellbeing.
If you are uneasy about money or your business’s finances, you are not alone. In fact, roughly half of Americans are uncomfortable talking about money and personal finances. But by learning more about your personal financial capacity and becoming more financially fit, you can realize a healthier business and a healthier bottom line.
Small Business Majority created this toolkit to help you access materials and connect with local resources that can help you learn more about business finances, how to build your wealth, how to find responsible small business lending and how to access health insurance and connect with local support organizations—all to help you reduce your financial stress and become a healthier and more financially savvy entrepreneur.