Mental Health in the C-Suite

Transcript

Andy and Jessica welcome you to another episode of The Deal Board Podcast. This week, they sat down with Dr. Joe Oravecz to unpack the importance of having adequate mental health protocols in the workplace and more specifically, ensuring that executives stay on top of their mental health. To begin, Joe walks us through the work of the National Alliance on Mental Illness, or NAMI, where he serves as the CEO of their Broward County outfit. Then, we explore some of the challenges that leaders grappling with their mental health face, the financial implications of having poor mental health protocols in the office, the lingering effect of the global pandemic, and the importance of executives leading the mental health charge by example. Lastly, Dr. Joe shares key insights into the process of prioritizing one’s mental health, how to find the right resources, the rewards of having efficient mental health structures in place, and the importance of starting with prevention.

Listing of the Week:

John Fullerton (Omaha South) is selling a custom home improvement production facility. With a proven track record of quality craftsmanship and exceptional service, this well-equipped operation boasts a strong market presence and a loyal customer base. The business offers a turnkey solution with state-of-the-art facilities, a comprehensive range of services, and ample growth potential. This is an excellent opportunity to acquire a profitable and reputable enterprise with a solid foundation and opportunities for expansion. For more information, call John at (402) 213-9945 or email him at [email protected].

Deal of the Week:

Michael Shea (Tampa and Orlando) just sold a well-run vacation rental company. Having already formed a relationship from operating in similar circles, the seller reached out to Michael and expressed his desire to sell ahead of his impending retirement. Within 24 hours, Michael had 14 (full price!) offers, and the eventual buyer was someone who’d been trying to buy from Michael for about a year. The seller and buyer both relied on Michael’s experience and Transworld’s reputation to get the deal over the line. For more information, call Michael at (321) 287-0349 or email him at [email protected].

Key Takeaways

• [00:00] Why today’s episode is vital for all business leaders.
• [04:03] Dr. Joe Oravecz introduces himself and explains what happens at NAMI.
• [10:57] The financial implications of workplaces without mental health support systems.
• [14:30] COVID-19’s lasting effect on the mental health of students entering the workforce.
• [18:23] How helping employees with their mental health struggles will lead to more retention.
• [21:36] Why prioritizing your mental health is a laborious, constant, yet rewarding process.
• [24:19] How leaders can improve mental health protocols in their workplaces.
• [27:00] Exploring mental health prevention, and why executives need to lead by example.
• [29:18] Where leaders and other employees can find mental health resources.
• [31:44] Key takeaways from today’s conversation.
• [34:56] Listing of the Week: John Fullerton (Omaha South) is selling a well-established custom home improvement production facility.
• [36:48] Deal of the Week: Michael Shea (Tampa and Orlando) sold a wonderful vacation rental company.

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Quotes:

“A business can only succeed as far as [its] leader can.” — Jessica Fialkovich [0:01:12]

“It really takes leadership from the top to walk the talk about mental health because if you don’t do it at the top, then your employees and your entire team will not feel safe even talking about it.” — @DrJoeO [0:05:17]

“There’s now more strength behind talking about mental health than there is weakness.” — @DrJoeO [0:20:48]

“For those [who] are thinking about, ‘Well, maybe I should talk to somebody,’ then do it.” — @DrJoeO [0:33:01]

Longer Quotes:

“Just asking the question is progress. — Because of where we are and where mental health is and the whole vernacular and the conversation in society at this time, now’s the time that you actually have permission to ask that [mental health] question of yourself; of your C-suite; of your team, because that will be welcomed.” — @DrJoeO [0:25:24]

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• The Deal Board on LinkedIn
• The Deal Board on Instagram
• Transworld Business Advisors
• Transworld Business Advisors on LinkedIn
• United Franchise Group
• Dr. Joe Oravecz
• Dr. Joe Oravecz on LinkedIn
• Dr. Joe Oravecz on Instagram
• Dr. Joe Oravecz on X
• NAMI Broward County
• The 2024 NAMI Workplace Mental Health Poll