The Human Cost of Entrepreneurship

Entrepreneurship is not always glamorous or exciting

When the economy is booming and businesses are thriving, it is often attributed to the hard work and dedication of entrepreneurs. However, we rarely hear about the mental health effects of entrepreneurship.

We forget that entrepreneurship is not always glitzy. It can be hard, it can be stressful, and it can be downright dangerous. According to a study by Babson College, over 50% of entrepreneurs experience depression, and nearly 60% experience anxiety.

This isn’t surprising when you consider the amount of pressure that entrepreneurs face. They are responsible for their own success or failure, and they often have no one to rely on but themselves. This can lead to feelings of isolation and loneliness, which can in turn lead to depression and anxiety.

What does this mean for entrepreneurs? If you’re feeling stressed, alone and worried about your business future, it’s time to seek help. Entrepreneurship is exciting and rewarding, but that doesn’t mean there aren’t negative effects too. Don’t be afraid to get the support — both from friends or professionals — that you need in order to continue pursuing your dreams of entrepreneurship. After all, success requires a healthy mind as well as a healthy body!

Mental health effects of entrepreneurship can include: Anxiety, Depression, Isolation, Burnout, and Stress fractures

Let’s explore each of these effects in more detail to better understand how they affect entrepreneurs and what can be done to alleviate them.

Many people become depressed after losing their job or failing at a business venture that they had invested much time into. Entrepreneurship also has high risks associated with it, which means there is always an extremely real possibility of failure — sometimes even before…

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