The coronavirus has unexpectedly and rapidly impacted the way we do business across the world. This has shifted the spotlight focus onto many topics in the workplace, like working through crisis, remote productivity, and the health, safety, and wellness of employees across companies.
According to the World Health Organization (WHO), depression and anxiety have an estimated cost to the global economy of $1 trillion per year in lost productivity. However, for every dollar put into treatment for common mental disorders, there is a return $4 in improved health and productivity. With World Mental Health Day on October 11th, it’s important for leaders to practice self-care and share care tips with their employees.
World Mental Health Day is an international day for global mental health education, awareness, and advocacy against social stigma. It also serves as an important reminder to take care of yourselves and to check in with family and friends. It was first observed on October 10th, 1992 with the intent to promote mental health advocacy and educate the world on relevant, related challenges.
So how can you as a business leader honor World Mental Health Day? By taking care of yourself, and if applicable, encouraging your employees. Here’s a few tips:
Acknowledge mental health in the workplace
Poor mental health can negatively affect you and your colleagues or employees at work. The Centers for Disease Control and Prevention (CDC) reports depression interferes with a person’s ability to complete physical job tasks about 20% of the time and reduces cognitive performance about 35% of the time. Offering employees wellness programs, time off for self-care, and resources to manage their mental health can assist in alleviating some of these related challenges.
Create a ‘Me Time’ routine, and normalize it
Perhaps this means blocking off your calendar for 30 minutes for a brisk walk, or drinking coffee first thing in the morning without any distractions. Whatever your routine is, share it with your colleagues to help normalize this specific time.
Ask for help and delegate
As entrepreneurs, it’s not uncommon to attempt to solve every problem while saving the world. Simply put, sometimes leaders need help, and that’s what makes them leaders. Knowing when to rely on your team or colleagues and delegate some of your daily business tasks helps to alleviate your personal stress while showcasing your ability to lead and utilize your resources.
Make sleep a priority
Sleep seems like a simple concept, yet it’s often neglected. Rand.org states that lacking sleep leads to higher mortality risk and productivity losses at work. Without sleep, you can’t perform your best. Aim for 6 – 8 hours of comfortable sleep each night.
Set boundaries and stick to them
Depending on your work culture, saying ‘no’ could be easy, or very difficult. While it’s understandable to want to provide solutions and be accommodating to your colleagues or team, sometimes saying ‘no’ is the best thing you can do for yourself and others around you. When you have boundaries set at work, stick to them – and drop the guilt of protecting your wellbeing.
During this holiday, take head to some (or all) of these tips, and share them with those around you. As you become more self-aware and care for your needs, it will reflect in your skill and productivity at work. Help those around you, too, by encouraging them to care for their needs – not just during this holiday, but always.
It is often a startup’s dream to be funded by a big venture capital firm. However, larger venture capital firms often seek to fund startups that are further along the development cycle with a product that has proven its value within the market. But what about startups that are still early in their search for product market fit?
That’s where micro venture capital firms and funding come in.
For seed stage startups, micro VC funding is a great option. Micro VCs are smaller investment firms that fund seed-stage emerging growth companies. According to Early Growth Financials, the fund is typically under $50M, and invests between $25K - $500K in startup companies, unlike traditional venture capital firms that usually fund between $1M and $5M in the later stages. Micro VCs typically invest less broadly and more specifically within an industry or geography.
Why are micro VC firms imperative to the startup journey? Here’s 5 ways…
If you’re a tech startup or small organization in northeast Ohio and you’re interested in partnering with a micro venture capital firm, we can assist you. Our scalable micro venture capital model is created to support high-growth companies leveraging our industry expertise, network, and investment team.
Contact us today at email@example.com to learn more about our investment program and how we can help grow your vision.
Ohio’s technology space is exponentially growing. While it doesn’t resemble tech metropolis’ like Silicon Valley or Seattle, Ohio’s tech space is thriving and has an adaptable base for tech companies large and small. The state is known for some of the best cybersecurity initiatives in the country, has the foundational tech resources, and a large industry of people who have invested their careers in this space.
While the big tech cities have created generational success for booming IT communities, the costs to open, house, and sustain business continues to increase, and small businesses and startups tend to look elsewhere to build. That’s where Ohio comes into play – known for its industrial roots, Ohio has architecture and resources for new businesses to thrive. Companies can operate at lower costs compared to other tech-centered locations due to its lower cost of living and housing.
Ohio’s largest cities help lead the way. Cleveland, once primarily an industrial economy, is home to significant platforms including the world-renowned Cleveland Clinic. Also, it’s the only state that has two cities, Columbus and Cincinnati, named in Forbes’ Top 10 Rising Cities for Startups. According to Jobs Ohio, Ohio is home to more than 25 incubators and accelerators, 15 venture capital funds, 15 angel funds, and provides mentorships from Fortune 500 and 1000 companies – all which made this recognition possible.
There are many examples of Ohio’s startup success. For example, after raising more than $32M, cloud-based human capital software-as-a-service company, Onshift, projects more than 5% market share, accelerated growth, and continued acquisitions in 2020. TOA Technologies is another Cleveland-OH (Beachwood) based startup driving growth for Northeast OH.TOA Technologies is a cloud-based field service solution that optimizes customer service for enterprises by coordinating and managing activities between dispatchers, mobile employees and their customers. Since opening in in 2003, TOA achieved $99.8 M in funding, and was later acquired by Oracle in 2014.
Ohio also has the skill set to support startups – the state’s pipeline of students and employees who’ve centered their careers around technology is vast and continues to grow. Ohio averages 6,200 IT graduates each year, and 295,000 Ohioans already work in the industry. Programs like Per Scholas, Black Tech Columbus and Level D&I focus on bringing diversity to tech, seeking out more Black people, women, and other minority groups to pursue technology careers.
With 24 Fortune 500 companies and 54 Fortune 1000 companies, it’s safe to say that big companies seek Ohio out to plant their roots. Google, IBM, Amazon Web Services, and Facebook are several companies that sought out the Midwestern state, making it a hub for big data.
Ohio’s governmental programs, grants and loans also make it an attractive state for the IT community. Through the Ohio Development Services Agency, Ohio Third Frontier seeks to help the state build its IT community and resources. Several grants and loans are available to businesses, like the Technology Validation and Start-up Fund, which provides direct capital funding, and the Pre-Seed/Seed Plus Fund Capitalization Program that contributes funding for capital, talent, and services. More information on Ohio Third Frontier can be found here.
Even with the current recession, Ohio still stands out as a state for growing technology businesses large and small. By combining resources and expertise, the state makes it easy for companies during the decision-making process and sets companies up for long-term success. Ohio makes it possible for new companies by leveling the playing field, providing everybody, everywhere a shot at building a company and the American Dream.