Being an entrepreneur can be a great decision. Because as an entrepreneur you are your boss and you are taking the risk of starting a venture from scratch. But people tend to forget that the life of an entrepreneur can be taxing in every way possible. As an entrepreneur, you need to consider your mental health so that the business can be successful.

How Mental Health Impacts Entrepreneurs

Mental health is about your emotional, psychological, and social well-being. It can affect how you think, feel, and behaviour. Mental health is important in every part of life. From childhood and adolescence to adulthood. The topic of mental health has been easily the most underrated and overlooked key for entrepreneurs. A study done by the University of California, Berkeley claims that 72% of entrepreneurs have some form of mental health problems, that 30% of entrepreneurs are diagnosed with depression, 29% with ADHD, 12% with substance abuse, and 11% with bipolar disorder. Knowing all these numbers, mental health for entrepreneurs has to become a priority.  

Mental health is finally getting the notice it deserves. So if you are an entrepreneur and fit into one of these categories then know you aren’t alone and know that help is out there. What makes a good entrepreneur involves a great deal of what makes you vulnerable to mental issues. And not accepting the reality of your mental illness for the sake of your business is a choice you cannot ignore. So let’s take a closer look at how you can take better care of your mental health as an entrepreneur. 

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Daily Practice 

Entrepreneurs need to find ways to relax and developing a daily practice can be beneficial. A daily practice routine can include yoga, reading, breathwork, and meditation. This routine is something you do for yourself. You don’t need to schedule two hours or make it complicated. Do something that fulfils you, takes your mind off work, and gives your mind and soul peace. 

Support 

Has been and continues to be an important factor in mental and emotional health. It has a secondary effect on your physical health too. Not having the right support system could lead an entrepreneur into depression and loneliness. Another source of support can be social support as there are very creative ways of staying connected. Social media platforms such as Facebook, Instagram, or Twitter play a role in keeping people connected and aren’t limited to time or space. You can access support from all around the world. As an entrepreneur finding support groups is important as it will allow you to share your struggles and get advise on how to overcome any issues. 

Outsourcing 

In business terms, outsourcing would be about sending manufacturing to other countries. But in mental health, it’s about looking at your life and finding things that are taking up mental space and decreasing your energy. Entrepreneurs carry a lot of responsibilities and it can be a challenge for them to let go of them. An example of outsourcing, posting a job position for a business on LinkedIn. Doing this takes away any extra responsibilities from the entrepreneur onto someone else. 

Self Awareness 

This might be a hard pill to sorrow. But as an entrepreneur, you are a role model for many so you need a healthy dose of self-awareness. See your struggles for what they are, accept them, and seek help. This can have a ripple effect beyond your mental life because it will allow open-mindedness and acceptance of others and their struggles. World Mental Health Day in October and National Entrepreneurship Month in November, now better than ever is the time for every entrepreneur to put their mental health first. Research who you need to contact, what actions will be needed, and how you will support yourself through challenging mental health situations. 

Mental Health Programmes For Every Entrepreneur

Entrepreneurs have a higher chance of experiencing mental health symptoms versus the general population. So taking part in a programme is key for any entrepreneur that is struggling with mental health.

Econa Wellness: This programme is for entrepreneurs’ mental wellness. They offer workshops such as peer support groups and academic research on entrepreneur-centric mental wellness solutions.

Founders First System: A premier mental health and performance programme that aims to transform entrepreneurs’ lives within 90 days and keeps them happy and healthy throughout their journey.

Founders Taboo: Founders Taboo created by SuperCharger Ventures aims to increase the awareness and affordability of support for founders’ mental health in a startup environment. Their goal is to strengthen startup structure by encouraging and empowering entrepreneurs to speak up about their mental health and become more balanced and better leaders. 

Pilea: The programme helps entrepreneurs thrive in community, mentoring, and therapy. Pilea believes in building teams around entrepreneurs and leaders in the services of professional development and personal wellness. 

Closing Remarks 

As a person, you are valued, wanted, and needed beyond how successful you are as an entrepreneur, and your mental health is an internal part of your success, well-being and most importantly your happiness. Entrepreneurs have a grand opportunity to bring innovative ideas to the world but that doesn’t mean they won’t have any problems. So the only way you ensure that the future is prosperous is to make your mental health a priority.

About the author
EWOR Team

EWOR is a school conceived by Europe’s top professors, entrepreneurs, and industry leaders. We educate and mentor young innovators to launch successful businesses.

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