It is important to prioritise your financial wellbeing. Financial distress is one of the biggest sources of anxiety for small and family business owners. 


  • Regularly review your business finances. If you notice your business is struggling, don’t delay in seeking help.
  • If you are seeking a business loan, use a lender that is an Australian Financial Complaints Authority (AFCA) member to protect your business from unfair outcomes.
  • Read your contract/agreement before signing and be aware of interest rates and penalties for non-payment. If you are unsure of anything, ask for more information.
  • Talk with someone who can help you review your financials to develop a plan to help you get back on track such as your accountant, financial/business advisor, tax agent or financial institution.
  • Speak to your local Chamber of Commerce and/or relevant industry association. They may have local resources available for small business owners experiencing financial distress.
  • Visit our mental health webpage for more information and resources to help small business owners manage their stressors.
  • To help you understand where your money is coming from and where it is going, you can create a cash flow statement. This will then help you to plan and creating a budget, to minimise stress by directing money to where it is most needed, and avoid problems later on.
  • Setting up a good accounting system can help you organise and keep track of your business activities. Use these tips to help you set up your business systems.
  • If your adviser is a tax agent, BAS agent or tax (financial) adviser, remember to check they are registered with the Tax Practitioners Board – you can check this on the TPB website.
  • Some states and territories have introduced commercial tenancy relief. If your business is not eligible for relief and you are experiencing financial hardship, talk to your landlord.

Below is a list of programs and services for small business and family enterprise owners experiencing financial distress.

Mental health