Entrepreneurs are often thought of as fanatics, always aiming to face of all barriers and ignoring others’ concerns about their enterprises’ expectation. But the truth may well be that entrepreneurs are more sensitive to loss of motivation, depression, suicidal thoughts, and other similar mental health issues than those in the standard population.
That the life of an entrepreneur is anxious should come as no surprise. From dealing with customers, supplies, and employees to the financial struggle of staying in the profits, meeting payrolls, and even putting the lights on, entrepreneurs handle so many more factors than face employees. And while losing one’s job can create problems for an employee, losing one’s firm often results in the loss of the entrepreneur’s vehicle, home, credit rating, and, more importantly, a sense of self-worth.
However, everything has a solution- even for depressed entrepreneurs. Let’s explore.
First, you have to guard your Number One Asset – your mental, physical and emotional health. No matter whether your business succeeds soars, or sinks, you will not be dead. You’re of much less use to your business if your capacity is reduced, and you can accomplish much less if you don’t have the necessary energy, health, and mindset.
How many hours are you spending on your firm?
While most founders need to put in more than the worker’s standard 36-hour workweek, if you’re putting in more than 55 hours a week, it’s time for a change. Decide which of your responsibilities is giving you the least return for the time required, hire an employee or outsource that position to someone with real knowledge in that area. If you are, at present, so busy, you don’t have time to breathe; you also have no time to expand or innovate. Redirecting some of the current business income to freeing up sometimes can lead you to more significant revenues and higher profitability when done right. If your firm can’t be successfully operated and grown in 60 hours a week, you need to make these adjustments or look for a different business to replace it.
What shape are you in right now? Carrying an extra a few pounds around your middle or on your butt and hip? You may not see how that hurts your business. Still, that excess body fat makes your body work harder during everything you do, stripping you of power, you would find valuable in your entrepreneurial hunts. Even being just 2% dehydrated can affect your mental functioning – how long have you had a few sips of water? And don’t forget that being out of shape is bothering your self-confidence and self-image as well. You know you work best when you’re brimming with power and staying self-confident, and much of that comes from decent physical strength and conditioning. Whether attending yoga classes, you lift weights, do cardio, or regularly play tennis, be sure you’re getting at least three hour-long fitness sessions weekly, and work towards getting in six sessions weekly.
Right now is also the right time to set things up at your house and with family and friends. Surprise your spouse, girlfriend (Nik, do it), or boyfriend (Arushi, do it) with an unscheduled date night. Take your children to ballet, football game, a tennis match, live theater. Call your parents and an old friend to say ‘Hi – How are you?’. You may be amazed by how much of a lift that gives you, emotionally and mentally. We’re spiritual beings, and reaching out and bonding with others, particularly those we care about, is almost always therapeutic.
At last, use at least some of that new-found hours to chase other passions. Leave Netflix away and pick up a book or head out to some session. Not something connected to your firm – choose a course that has always held a passion for you but has been put off so far. It might be a hobby, or it could be merely a mental pursuit, but it should be of enough interest to take you out of the ‘entrepreneurial headspace’ for an hour or two.
It’s time to get back in touch with you and your life outside of your responsibilities as an entrepreneur. You are not your firm, and your firm is not you. You will not be a better individual because your business succeeds; neither will you be a worse person because your business fails. If your current company goes south, it’s the firm that failed – not you!