Biggest Psychological Hurdles of Entrepreneurship

  • 10th Feb'21
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The life of an entrepreneur sounds attractive when you’re on the outside looking in. Forming your own schedule, setting your own rules, and building the type of company you want to work for can be incredibly alluring. In fact, successful entrepreneurs incline to be idolized by the public as they appear to be happier, more prosperous, and more driven than anyone else.

The hidden secret among many entrepreneurs is the psychological price they pay for their ambitions. The demands of business ownership may place entrepreneurs at a higher risk of specific mental health problems.

Read the articles below to know more about it: 

The 5 Biggest Psychological Hurdles of Entrepreneurship

As an entrepreneur, you'll face plenty of logistical hurdles. Quitting your day job, getting funding, finding a location and hiring are just a few of the challenging obstacles you’ll have to overcome. To know more, Click here 

 

Must Read: Work for employees mental health

 

Psychological Issues of Entrepreneurship 

These are the psychological obstacles almost every entrepreneur will face ultimately, especially within the earliest stages of a startup:

  •  Uncertainty: Oftentimes, particularly during the early phases of startup, entrepreneurs ask themselves, “Would this idea really work”, or “Will I be qualified to get investors to promote it”. These amongst many other issues come up as an outcome of uncertainty.

  • Responsibility: Finding investors despite several failed trials is just one of the many obstacles of entrepreneurship. Each choice you make, from naming the enterprise to closing your first customer contract. The better your business expands, the extra responsibilities will arise and vice versa.

  • Balance: Balancing work and your personal life can be very tough. Quite a number of entrepreneurs always find themselves in this dilemma. Getting too caught up in your daily work without maintaining time for yourself is not a good thing.

  • Anxiety: The pressure of knowing your capacity to pay this month’s mortgage relies on closing the next deal, or feeling that you can’t spend time with family because you have to keep working, lends itself to incredible anxiety.

 

 

Read the articles below to know more about it: 

The Psychological Price of Entrepreneurship

No one said building a company is easy. But it's time to be honest about how brutal it really is -- and the price so many founders secretly pay. To read more about it, Click here 

The 5 Biggest Psychological Hurdles Of Entrepreneurship

The business world is very tricky nowadays, so as an entrepreneur, you’ll encounter a lot of impediments along the road. Quitting your 9-to-5 job, getting funding, finding a place and hiring are simply a few of the challenging obstacles you must overcome. To know more, Click here 

7 Reasons Entrepreneurs Are Particularly Vulnerable to Mental Health Challenges

Over the past few years, much of my work has been dedicated to hearing entrepreneurs' stories of struggle and perseverance. To discover more, Click here 

5 Psychological Issues That Hit Entrepreneurs Hardest

Starting a company capable of long-term success is no easy feat. It takes guts, determination and a certain level of comfort with risk and ambiguity. While entrepreneurial pursuits can be exhilarating and worthwhile adventures, they also come with a fair number of less-than-ideal side effects. To read more, Click here 

 

Also Read: Don’t let micro-stress burn you out

 

Learn to manage Entrepreneurs Anxiety and Stress

The toughest part about being an entrepreneur is managing anxiety. Even if you’re not a particularly anxious person, dealing with all the worries about being the master of your own fortune is incapacitating. The only remedy is, to know that the worst-case scenario is not ever as terrible as you imagine. You can always come up with new suggestions that might work in the event others fall.

Read the articles below for the tips to maintain Entrepreneurs mental health:

These Strategies Help Entrepreneurs Combat Anxiety and Depression

Entrepreneurs are not strangers to anxiety and depression. They’re just as susceptible as the rest of the population, if not more so, to mental illnesses such as bipolar disorder, sociopathy, schizophrenia, and more. I have written here on Entrepreneur about my problems with anxiety, especially while networking. To understand more about them, Click here 

13 Tips For Overcoming Your Entrepreneurial Anxiety

Entrepreneurship can seem like a highly appealing career path. After all, you get to work for yourself, on your own schedule, all while pursuing your passions. However, the endeavor can often feel more stressful than not. With deadlines, expenses and unexpected setbacks, many entrepreneurs find themselves battling anxiety rather than relishing their achievements. To read more, Click here 

3 Ways to Deal With the Anxiety of Being an Entrepreneur

They say “running a business is hard,” but it’s difficult for most people to conceptualize what that actually means. To know more, Click here 

6 Ways to Overcome Entrepreneurial Anxiety

In our society, the entrepreneurs who make it big tend to achieve hero status. People look at them and think they have it all together. But many of the most successful leaders in business face challenges similar to the rest of us. Owning a business can be extremely stressful and exhausting. The entrepreneur’s resulting anxiety can be crippling to their business. To know more, Click here

 

Are you an entrepreneur? Here's something you might like: Know the art of self discipline for success

 

We, at OpenGrowth, are continually looking for trending startups in the ecosystem. 

If you want to know any further information about the startup ecosystem or have any mind-boggling ideas, do refer to the other blogs at OpenGrowth. If you have any suggestions, do let us know in the comment section below.

 

Contributor: Beauty Kumari 

An eloquent individual, love to express a myriad of topics through her words. She is ready to take any professional challenge head-on and give her best to any project entrusted to her. She wants to adversely impact through her writing and build a career out of her passion.

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About the author:

Akanksha Singh (Editor) , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups.


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