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The Psychological Price of Entrepreneurship: The Most Common Mental Health Issues Faced by Entrepreneurs

December 13, 2021

The price that so many founders secretly pay to pursue what they dream of, can be brutal. We can sometimes be blinded by the luxury, success, and high-end lifestyle of entrepreneurs which makes it even harder to assume that entrepreneurship can take a psychological toll as well. 

There may be a difference in the lifestyles of different entrepreneurs but they all fall victim to one common issue, that is struggling with mental health. Idolizing wealthy entrepreneurs is more common than we would like to admit but it will not be as exciting anymore when its true cost will be revealed. 

Mental Health issues are more concerning than we think and it is important to address them as soon as they are revealed. But the busy lives of entrepreneurs often deceive them into think that maybe this is how it is supposed to be. But with this article, we will be addressing the most common mental health issues experienced by entrepreneurs that are significant among all of them. 

Failure Is Just The Part of The Process 

It is okay to fail, everybody does, but the sooner you accept it, the better you will cope up with it. Failure is the part of the process which is crucial to help us learn, and make better decisions in the future. But entrepreneurs often find it difficult to reframe failure into something positive, which is understandable. 

However, when you are not dealing with failure the way you should, it can destroy your relationships and derail your business which also affects your personal life and could make you anxious and depressed. 

Entrepreneurs Are Often Used to Work Alone 

During the initial stages of operations of your business, you are already habitual of dealing with everything alone which continues to be a thing later in life as well. This leads to making you keep your problems and the struggles that you are facing in your endeavors to yourself. 

It can also derive from the fact that entrepreneurs are used to putting a front in order to have the confidence of their investors and keep their friends and families unworried. 

But by doing this, they never really learn to put the guard down and continue to deal with their worries alone without letting anybody know about which can be really stressful and depressing. 

Struggling To Maintain The Work-Life Balance 

Entrepreneurs are passionate and committed to their work and they hardly take a day off. This may seem really impressive for their entrepreneurial spirit but it is really toxic for their mental health. By working long hours and not giving yourself a break, you are putting your focus at stake. 

They often struggle with convincing themselves that they are worthy of a break and feel guilty when they do so especially when they are yet to achieve what they dream of. Since starting a business comes with a lot of stress, entrepreneurs are often pressurized with what’s at stake, which tends to take a toll on their mental health. 

Concluding Thoughts 

Taking care of your mental health is as important as ensuring your physical well-being. Identifying and addressing issues that you have been experiencing could be difficult but you have to start somewhere otherwise it can become a much bigger problem to deal with in the future.