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{"id":4271,"date":"2022-05-11T09:00:00","date_gmt":"2022-05-11T13:00:00","guid":{"rendered":"https:\/\/snapreads.com\/magazine\/?p=4271"},"modified":"2023-12-27T16:53:21","modified_gmt":"2023-12-27T21:53:21","slug":"entrepreneur-depression","status":"publish","type":"post","link":"https:\/\/snapreads.com\/magazine\/entrepreneur-depression\/","title":{"rendered":"Entrepreneur Depression: How to Recognize and Overcome It"},"content":{"rendered":"\n

As it turns out, #entrepreneurlife isn\u2019t all glitz and glamour. For entrepreneurs, ups and downs are inevitable. It\u2019s one of those career paths that have an alarmingly high possibility of experiencing depression of some level sooner or later. But here\u2019s the good thing! When you know what you may experience, can analyse it, and can adjust accordingly, you already have a giant edge going in and know what to expect.<\/p>\n\n\n

\n
\"the<\/figure><\/div>\n\n\n
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The Purpose Driven Life<\/h2>\n\n\n\n

by Rick Warren<\/p>\n\n\n\n

\u23f1 14 minutes reading time<\/p>\n\n\n\n

\ud83c\udfa7 Audio version available<\/p>\n<\/div><\/div>\n\n\n\n

\n
Get the key ideas on Snapreads<\/a><\/div>\n<\/div>\n\n\n\n

Buy on Amazon<\/a><\/p>\n\n\n\n

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You Aren\u2019t Where You Think You Should Be<\/strong><\/h2>\n\n\n\n

No one, of course, goes into business expecting to fail or not achieve their goals. However, there\u2019s a common saying that the bigger the gap is between you currently are and your expectations <\/em>of where you should be, the higher you stress you experience.<\/p>\n\n\n\n

That\u2019s the thing with entrepreneurs. Unrealistic expectations are often accompanied by comparing yourself to others. <\/p>\n\n\n\n

We see all these signs\u2013 whether they\u2019re success stories of billionaires, blogs posts, Instagram captions\u2013 of other entrepreneurs who seem to have it all together. Then, upon seeing all these happy, stress-free, and seemingly easy lives these successful figures lead, self-doubt and crushing expectations start to weigh in.<\/p>\n\n\n\n

You start to think why<\/em> haven\u2019t I reached this level of success yet? Why aren\u2019t my products selling as well as I thought? Why is my competition doing better than me? Why aren\u2019t I successful enough, rich enough, happy <\/em>enough? and et cetera.<\/p>\n\n\n\n

The higher the goal you set out with, the more miserable you\u2019ll end. It could also be that the young entrepreneur in question adds new goals whenever they accomplish the last one, so they feel like they\u2019ve never achieved enough. And when you don\u2019t live up to this version of yourself, of your business, stress and depression set in.<\/p>\n\n\n\n

Stress and Lack of Self-Care<\/strong><\/h2>\n\n\n\n

There\u2019s a shocking phenomenon among entrepreneurs called \u201cFounder\u2019s Blues.\u201d 72% of entrepreneurs experience it\u2013 at least compared to a mere 7% of the general public.<\/p>\n\n\n\n

\u201cFounder\u2019s Blues\u201d is easy enough to explain. Entrepreneurs experience a crushing sense of weight, pressure, and stress when they\u2019re first starting to build and grow their vision.<\/p>\n\n\n\n

As to what causes the stress, at this point, it seems like the answer is \u201cwhat doesn\u2019t<\/em>?\u201d Young, just-starting-out entrepreneurs get trapped in a bubble of work, stress, and not taking care of themselves.<\/p>\n\n\n\n

And that brings us to a central reason why novices often experience the blues. Entrepreneurship is one of those career paths that are notoriously linked to overly-caffeinated, sleep-deprived, overworked, and money-tight individuals. The little to no attention to self-care, which is replaced by putting in extra hours of work, ends up actually contributing to the stress you feel.<\/p>\n\n\n\n

Uncertainty<\/strong><\/h2>\n\n\n\n

Humans have a knee-jerk reaction to uncertainty, and that is fear. Starting a business is almost synonymous with uncertainty. You certainly hope <\/em>but you never know if you\u2019re going to achieve the wild success you once imagined.<\/p>\n\n\n\n

It\u2019s a lose-lose situation. If things start getting out of your control, the uncertainty around profits, your employees, the effectiveness of your product and service, that uncertainty is something you live with 24\/7, and that takes a toll on a person.<\/p>\n\n\n\n

There\u2019s even uncertainty that comes with success<\/em>. Things are getting out of hand. Your company is growing too fast. You may feel like you\u2019re not good enough or that you won\u2019t be able to catch up or come up with something equally impressive for the next launch.<\/p>\n\n\n\n

That\u2019s why one word of advice that should always be offered to new go-getters is that uncertainty is one of the few things that you can be certain of, and that\u2019s okay. Sure, it would be nice to know that your company is <\/em>going to achieve x amount of success and bring in x amount of money, but that\u2019s not real life, nor is it how business works.<\/p>\n\n\n\n

Social Isolation<\/strong><\/h2>\n\n\n\n

There\u2019s a scary statistic you may come across. The divorce rate for entrepreneurs is 5 or 10% higher than the normal one. That means if the divorce rate in the U.S. is 38%, that means the entrepreneur divorce rate is between 43 to 48%.<\/p>\n\n\n\n

In other words, the fourth top reason why young entrepreneurs experience depression is social isolation.<\/p>\n\n\n\n

And it\u2019s not a side of entrepreneurship that is often talked about either. You hear about the long hours, the money struggles, and failures, but rarely do you hear about the amount of vulnerability and isolation in this career path.<\/p>\n\n\n\n

Some find themselves slowly becoming disconnected from the relationships<\/a> they do have, growing detaches from their friends and family. And in the name of success, they sacrifice their social lives.<\/p>\n\n\n\n

Loneliness, even to the most successful person in the world, can be worthless. Especially <\/em>in those early stages, now more than ever, entrepreneurs need a strong support network. Social isolation is both a precursor and an outcome of depression. If you say that you\u2019re constantly surrounded by business people, then do these really count as a support system? Or if you do <\/em>have loved ones around, but they\u2019re just ones that don\u2019t believe in your vision, you\u2019re probably already experiencing loneliness or frustration.<\/p>\n\n\n\n

Poor Time Management<\/strong><\/h2>\n\n\n\n

So far, you may have drastically high expectations, a tendency to compare yourself to others, long hours, and a lack of self-care. What\u2019s the next reason soon-to-be \u201cmovers and shakers\u201d experience depression in their career?<\/p>\n\n\n\n

It ties in with the rest of the causes: poor time management. Everyone puts \u201ctime management\u201d as a skill in their resumes, never minding the fact that being super efficient at your job may mean you\u2019re doing it at a personal cost. The long hours, the insane amount of mental and physical exhaustion\u2026they have a price. Your mental wellbeing.<\/p>\n\n\n\n

Curious as to whether or not you have a not-so-strong grip on your time? Answer these questions: do you often find yourself groaning about how it feels like there aren\u2019t hours during the day? Do you work over 70 hours a week and still feel like you should still be working more? How many hours of sleep have you sacrificed so far?<\/p>\n\n\n\n

You\u2019re not alone in this boat. According to the Harvard Business Reviews, 484 professionals, managers, and executives from 37 countries work an average of 72 hours each week. 60% of them are connected to their work 13.5 to 18.5 hours a day<\/em>. The majority of executives reported working an average of 12 to 15 hours a day.<\/p>\n\n\n\n

Decision Fatigue<\/strong><\/h2>\n\n\n\n

When it comes to causes for depression, decision fatigue may not be the first thing that comes to mind, but it sneaks up on you. \u201cDecision fatigue\u201d is basically your mind overloading from having to relentlessly make stressful choices.<\/p>\n\n\n\n

If the average person makes around 35,000 decisions a day, imagine how many young entrepreneurs who are launching their company have to make. This abundance of decisions drains a person\u2019s mental and emotional energy. Decision fatigue may also sneak up on a person. Most of the time, we\u2019re not aware of the toll of consistently making decisions because not all of them qualify as \u201clife-changing,\u201d but there\u2019s a cumulative effect.<\/p>\n\n\n\n

These thousands of decisions, when your brain\u2019s finally had enough, lead to irrational thoughts and actions.<\/p>\n\n\n\n

Related: 5 Signs Of Depression That Should Never Be Ignored<\/a><\/strong><\/p>\n\n\n\n

Not Being Equipped to Handle Rejection<\/strong><\/h2>\n\n\n\n

It\u2019s in the job description. Starting a business comes with a scary amount of rejections; whether that\u2019s from potential investors refusing to hand over much-needed funding, customers you couldn\u2019t succeed in wooing, loved ones not supporting your vision. Everyone wants to be the exception, but rejection is inevitable in every entrepreneur’s journey. <\/p>\n\n\n\n

If you haven\u2019t dealt with rejection before, repeated negative feedback can have devastating negative effects on yourself. It can cause you to self-doubt, to question what\u2019s wrong with your skills, your product, your idea.<\/p>\n\n\n\n

But you know what? You\u2019re joining the ranks of the likes of Oprah Winfrey, Walt Disney, J.K. Rowling, Steve Jobs, and hundreds and thousands of figures who experienced rejection one way or another along their journeys. Some were outright fired from the same job that would earn them millions later on. Some were told they weren\u2019t good enough or their product\/service would never make it. They experienced depression, but they also got back on their feet.<\/p>\n\n\n\n

That\u2019s why it\u2019s important to anticipate, to brace yourself, and to prepare for any scenario. Know that having unrealistic expectations from the start may just end up hurting you. Know the signs and have a plan. Remember that there is no such thing as failure; there are only success and learning opportunities.<\/p>\n\n\n\n

Rally a strong support network around yourself if you can. Mentors, family, friends, coaches, advisors, partners. People who will comfort you when the going gets rough and who will celebrate when you reach a milestone. <\/p>\n\n\n\n

And finally, know when it\u2019s time to take some time out. Your identity doesn\u2019t solely revolve around your business. If things start to feel overwhelming, give yourself a break. Take a break, take a day, a weekend, or even a month if you feel that you need it. Your health and wellbeing always take first place.<\/p>\n\n\n\n

\n\n\n\n
\n

What Is Snapreads?<\/strong><\/h2>\n\n\n\n
\"\"<\/figure><\/center>\n\n\n\n

With the Snapreads app, you get the key insights from the best nonfiction books in minutes, not hours or days. Our experts transform these books into quick, memorable, easy-to-understand insights you can read when you have the time or listen to them on the go.<\/p>\n\n\n\n

Start Your Free Trial<\/a><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

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