Start-up India and Stand-up India are shaping entrepreneurship in our country. The recent suicide of Lucky Gupta Agarwal a techie turned entrepreneur has raised questions especially in the minds of the budding entrepreneur, especially with regards to their mental health.
Most start-ups can be defined as low on resources that are required to run a company and high on motivation in terms of ideas and determination.
Often it’s the young who come up with disruptive ideas, think out of the box and often commit a ‘career suicide’ by taking an unconventional decision of leaving a prospering job to have a start-up.
Most would agree that only 10% of start-ups are successful, while for the rest continuation difficult and outcome poor. This does have a derogatory impact on the mental wellbeing of the entrepreneur who may go through depression and other mental health issues.
The probability of business success and failure is same with start-up or any other business. The difference lies in the character, quality and levels of difficulty. The difference would therefore also lie in the strategies used to cope with depression.
Strategies to cope with depression
- Destigmatise: Depression can happen to anyone, even to a successful entrepreneur, so feel open to seek help
- Talk with those who have failed and talk about your failures: Create support groups share your concerns, as we have serial successful entrepreneurs we also have those who fail in serial start ups. Hear them and learn from their failures, share your failures.
- Don’t get carried by others success: Success stories are often shared, failures never spoken. Do not get carried away by others success, remember while we see those above us, we forget there are many more below us.
- Do something you enjoy every day: It’s important to ensure that you do something every day that you like. It may just be listening to music, talking to a friend, having a walk or meditation. These would really help
- Differentiate the Enterprise from the Entrepreneur: As you had the courage to do something different, a courage to start an enterprise. The failure and success of the enterprise defines just the enterprise. It does not define you as an entrepreneur. You had the vision of achieving something that speaks of your and that holds you high in your self esteem.
- Share your thoughts with friends/spouse: Withdrawing socially and shying away from friends and spouse often builds more stress. Sharing is the best way to ensure that you convey to your near ones you care.
Seek help if you feel depressed, worried are sleepless, find it difficult to share and talk about it to your friends and family.
It requires the heart and courage of a lion to become an entrepreneur. You believed and had the courage to pursue your idea and your dreams. Not many have it within them. Do nor let the health of your enterprise affect your mental health. You are not the enterprise but you are the ‘ENTERPRENEUR’.