While looking at the life of a successful entrepreneur, we feel their life is full of unicorns and rainbows. But, when we know about their struggles, we realize how being strong, mentally balanced, stable, and healthy is significant to face multiple issues like ever-growing competition, socio-economic challenges, and proper utilization of the resources.
Entrepreneurs and Mental Health
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According to a study conducted at UC Berkeley, 72% of entrepreneurs self-reported mental health concerns. Significantly, they were more likely to report a lifetime history of clinical depression (30%), ADHD (29%), severe anxiety (27%), bipolar diagnosis (11%), and substance use conditions (12%).
After seeing these figures for the first time, I felt that these are, indeed, an eye-opener for us. Being an entrepreneur increases the risk of acquiring mental complications manifold.
Per Michael Freeman’s research, entrepreneurs are 50% more likely to report going through a mental health condition.
Certain conditions are more prevalent than others, and some personality traits make them more vulnerable to mood swings. However, you must not undermine mental health issues and get them checked at an early stage.However, you must not undermine mental health issues and get them checked at an early stage.
The susceptibility of entrepreneurs to experience the mental blocks become high when there is:
- Absence of self-care to tackle the stress
- Incapacity to manage the revolving anxiety with Negligence to seek professional help the business
- Unusual social isolation
- Mental health comprises your psychological, emotional, and social well-being. It affects your thinking, feeling, and acting.
More so, it helps determine how to handle stress, make healthy choices, and relate to others. From childhood and adolescence through adulthood, mental health is crucial at every stage of life.
At times, it is imperative to relax and tackle substance recharge. If you notice any uneasiness, opt for Mental Health First Aid. It teaches you the symptoms and signs of common mental health challenges. They also help you learn how to use disorders through self-care and professional help.
Stress management is something you should learn about, and from my personal experience, I can say that it helps you a lot. It may sound cliche but do take a break as it offers a different perspective on stressful circumstances and provides short-term relief.
Try to fill the looming existential void at the earliest to avoid any unwanted futuristic consequences.
Following are the ways to manage your mental health as an entrepreneur
- Take note of negative feelings and identify what is triggering your stress.
- Disconnect your business’ value and your self-worth.
- Define your zone of genius, and don’t hesitate to hire outside help if required.
- Build your support network.
- Make the most of your working hours.
Remember, mental health is an essential part of your life. It affects your psychological and physiological well-being by impacting your decisions, actions, and reactions.
Below are the ways to help an entrepreneur to grow and live his dreams. I believe these tips are impactful for a future entrepreneur. Some of these tips helped me to come with an improved version of myself. So, let’s have a look at those points that will help you as a future entrepreneur:
#1 By Boosting confidence
Good mental health works as a catalyst by enabling an individual to adopt confident and bold decisions in life. Often, entrepreneurs need to accept some challenging and experimental facts at any stage of their business. Being mentally fit helps you to see the far results too.
#2 By enhancing productivity
Often, entrepreneurs need to set a benchmark for others through their performance. Being an entrepreneur, you need to prove your worth amongst others. Try to be progressive and productive in your actions to accomplish the same. Having stable mental health helps you to keep your thoughts balanced and undertake challenging steps. Your stability will contribute to enriching the productivity of your accomplishment.
#3 By coping with adversity
Remember that your journey of entrepreneurship has its vicissitudes. Try to be a strong-headed person who can sail through the tough times with perfection. When you have mental clarity, you can easily cope with adversity. Prioritizing good mental health should be your prerogative.
Dealing with Coronavirus pandemic threat to your business growth
Undoubtedly, the recent pandemic is a tragic human story that affected businesses significantly. As an entrepreneur, you must act quickly and decisively to safeguard your firm from this deadly outrage. These events are likely to cause variable triggers such as anxiety, stress, and they will amplify in no time.
As an entrepreneur, you need to be prepared to embrace any sudden shifts in your revenue and cost. To avoid any untoward situation, draft your contingency plans beforehand to bear the changes.
Below are some of the tips that you can combat the current situation:
- Make a channel shift of your business to digital platforms
- Implement financial stress testing procedure
- Stay prepared with a contingency plan
- Build up a cross-functional responsive team
- Stay connected with your well-wishers
- Ask for help
Key Takeaways
Mental disorder is a burning issue nowadays. I always think that we have only made our lives complicated. In this competitive era, we always aim to be a perfectionist in our respective fields. Thus, suffer from depression and severe anxiety later.
