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August 21, 2024
Entrepreneur Mental Health: How to Thrive
- By Sarah Squarebrigs
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Hey there, fellow entrepreneur!
Being a business owner or entrepreneur can be a rollercoaster ride, with exhilarating highs and daunting lows. Wouldn’t you agree?
Amidst the hustle and bustle of running your own show, it’s sooooo easy to neglect your mental well-being.
But you must ALWAYS remember,
a healthy mind is your most valuable asset.
INNOVATIVE MARKETING EXPERTS
In this article, we’ll dive deep into ways to manage your mental health effectively as an entrepreneur. We’ll provide you with practical tips, backed by statistical data, to ensure you’re not just surviving but thriving in the entrepreneurial world.
Let’s shed some light on this underdiscussed topic..
Global Impact of Mental Health Disorders:
Globally, mental health disorders are a significant concern.
The World Health Organization (WHO) reports that depression is the leading cause of disability worldwide, affecting over 264 million people.
Anxiety disorders also contribute to this global mental health burden. (“World Health Organization”)
Based off these findings..
I’d say it’s safe to suggest – the stress of your business and personal life can definitely create havoc ‘upstairs’ and burden all across the board.
Entrepreneurial Stress and Burnout:
A study conducted by the American Institute of Stress found that entrepreneurs and business owners are more likely to experience symptoms of burnout than the general population. The study reported that nearly 80% of entrepreneurs feel stressed in their roles, and more than 30% experience symptoms of clinical depression. (“American Institute of Stress”)
BURNOUT IS REAL.
We’ve all experienced it from time-to-time sometimes more intensely than others.
Unsure of what I mean by burnout?
Burnout is like running on a treadmill with the speed dial stuck on “sprint.”
You start off with energy and enthusiasm, jogging along steadily. But life keeps turning up the dial, and soon you’re racing at a pace that’s impossible to maintain.
No matter how hard you try, you can’t keep up with the treadmill’s relentless speed. You’re running faster and faster, but you’re not getting anywhere. Your body and mind are in overdrive, and exhaustion creeps in.
It’s like trying to juggle a hundred balls in the air while riding that speeding treadmill. Eventually, you drop a ball, then another, and another, until you’re surrounded by fallen balls of unmet expectations and unfulfilled commitments.
Burnout is the moment when you realize you need to hit the emergency stop button, step off the treadmill, and take a breather.
It’s a reminder that it’s okay to slow down, regain your balance, and set a sustainable pace for the marathon of life.
Impact on Productivity:
Poor mental health can significantly impact productivity. Research from Harvard Business Review indicates that workplace stress leads to a loss of approximately $190 billion in healthcare costs in the U.S. annually. Moreover, stressed employees are estimated to miss around 550 million workdays each year. (“Harvard Business Review”)
It is SO IMPORTANT to create a work environment you want to be excited to show up to, EVERYDAY.
It’s your job as a human and business owner to create this life.
Entrepreneurial Failure and Mental Health:
The relationship between entrepreneurial failure and mental health is complex. However, studies suggest that failed entrepreneurs are more likely to experience mental health issues. A research paper published in the Journal of Business Venturing found that failed entrepreneurs reported higher levels of anxiety and depression compared to those who had not experienced failure. (“Journal of Business Venturing”).
If you can’t get a grip on your mental health you will be unable to provide your business with the fertilizer necessary to flourish your business.
The Entrepreneur's Mindset:
Before we dive into the practical strategies, let’s talk about the mindset. As an entrepreneur, you’re wired differently. You’re a go-getter, a problem-solver, and a risk-taker. But sometimes, this very mindset can lead to stress and burnout.
The key is to harness your entrepreneurial spirit while also nurturing your mental health.
Strategies to Manage Your Mental Health
Prioritize Self-Care
Work Hard, Rest Harder
Managing your mental health starts with taking care of yourself. Make time for activities that rejuvenate you, whether it’s reading, hiking, or simply enjoying a cup of tea. Research from the American Psychological Association shows that self-care can reduce stress and improve overall well-being.
Rome Wasn't Built in a Day
Entrepreneurs often have a tendency to set sky-high goals. While ambition is admirable, unrealistic expectations can lead to disappointment and stress. Break your goals into smaller, achievable steps. The sense of accomplishment from reaching these milestones can do wonders for your mental health.
Failing Forward
In the world of entrepreneurship, failure is not the end; it’s a stepping stone to success. Instead of dwelling on failures, learn from them. This growth mindset can reduce anxiety and boost resilience, according to a study in the journal ‘Emotion.’
The Art of Juggling
Effective time management can significantly reduce stress. Use tools like the Pomodoro Technique or project management apps to stay organized and focused. Research from the University of Georgia found that improved time management leads to lower stress levels.
It Takes a Village
Surround yourself with a support system of friends, family, or fellow entrepreneurs who understand the unique challenges you face. Find people that can assist you with tasks that you don’t need to be doing! Focus on what you’re great at and have your village assist with the rest!
Research published in the Journal of Health and Social Behavior suggests that social support can buffer the effects of stress.
Insight On Some Common F.A.Q
Not-So-Subtle Clues
Persistent Fatigue: Feeling tired all the time, even after a good night’s sleep.
Loss of Interest: Finding it hard to get excited about things you once loved.
Increased Irritability: Snapping at colleagues, friends, or family more often.
Difficulty Concentrating: Struggling to focus on tasks that were once a breeze.
Social Withdrawal: Isolating yourself from loved ones or avoiding social situations.
Absolutely not! Seeking help when you’re facing mental health challenges is a sign of strength and self-awareness. Just as you wouldn’t hesitate to consult an expert for a business problem, consulting a mental health professional is a smart move when needed. Remember, even the most successful entrepreneurs seek guidance.
Always remember – Seeking help will only lead to more success in your personal and processional growth and developments.
You bet! It’s all about priorities. Think of self-care as an investment in your entrepreneurial journey. When you’re mentally healthy, you’re more productive, creative, and resilient. So, schedule self-care like you schedule meetings—no excuses!
FILL YOUR GAS TANK BACK UP! NOTHING RUNS ON EMPTY!
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