One of the biggest unanswered questions in the world of entrepreneurship is this: How prone are entrepreneurs to mental illnesses? Based on findings, there is a great deal of anecdotal evidence that indicates mental sicknesses are more prevalent among entrepreneurs than in the general population.
Establishing and running a business could be one of the hardest tasks to do, as it involves higher stress levels and longer work hours. Research has revealed that nearly 75% of entrepreneurs pay attention to their mental health. However, almost half of them have experienced anxiety or depression in the past. According to a study by Michael Freeman, entrepreneurs are 50% more likely to report having a mental health condition with some specific conditions being incredibly prevalent among founders.
There are also other similar reports of entrepreneurs having higher chances of experiencing mental disorders. Statistics showed that they are twice more likely to suffer from depression, twice more likely to have suicidal thoughts and psychiatric hospitalization, six times more likely to suffer from attention deficit hyperactivity disorder (ADHD), six times more likely to suffer from substance abuse, and ten times more likely to suffer from a bipolar disorder. With the concerning numbers, it is crucial to be aware that help is always available through various organizations such as the National Suicide Prevention Lifeline, Crisis Text Line, and many others.