It should come as little surprise that entrepreneurs experience more anxiety than employees. Thirty-four percent of entrepreneurs reported they were worried. And forty-five percent of entrepreneurs said they were stressed,”, a recent INC Magazine article shared. “Entrepreneurs often juggle many roles and face countless setbacks–lost customers, disputes with partners, increased competition, staffing problems–all while struggling to make payroll. ‘There are traumatic events all the way along the line,’ says psychiatrist and former entrepreneur Michael A. Freeman, who is researching mental health and entrepreneurship.”
“But it may be more than a stressful job that pushes some founders over the edge. According to researchers, many entrepreneurs share innate character traits that make them more vulnerable to mood swings. ‘People who are on the energetic, motivated, and creative side are both more likely to be entrepreneurial and more likely to have strong emotional states,’ says Freeman. Those states may include depression, despair, hopelessness, worthlessness, loss of motivation, and suicidal thinking.”
As a solopreneur, having a coach, mentor, or mastermind group is crucial to our well-being. It provides an avenue to express your ideas, goals, struggles, and concerns in a healthy way with others that understand your unique language. Simply knowing that everyone who has walked, or is walking, in your shoes has been through the same ups and downs is sometimes all the encouragement we need.
Regularly engaging with your peers in an authentic, open space can be life-changing. It certainly has been for me. Imagine having a group of ten to twenty others just like you to lean on. When you share a new plan, they understand. When you express a concern about your business, they “get” you at the deepest levels. Each week in Million Dollar Mastermind, I’m consistently amazed at what comes from our time together.
See you on the journey…
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