depression in entrepreneurs Archives - Marla Tabaka https://marlatabaka.com/tag/depression-in-entrepreneurs/ Business Coach Fri, 21 Oct 2022 14:32:26 +0000 en-US hourly 1 https://marlatabaka.com/wp-content/uploads/2019/12/cropped-M-Favicon-32x32.png depression in entrepreneurs Archives - Marla Tabaka https://marlatabaka.com/tag/depression-in-entrepreneurs/ 32 32 4 Reasons Your Partner Isn’t Fully Supportive of Your Dreams (and What to Do About It) https://marlatabaka.com/2022/10/21/4-reasons-your-partner-isnt-fully-supportive-of-your-dreams-and-what-to-do-about-it/?utm_source=rss&utm_medium=rss&utm_campaign=4-reasons-your-partner-isnt-fully-supportive-of-your-dreams-and-what-to-do-about-it https://marlatabaka.com/2022/10/21/4-reasons-your-partner-isnt-fully-supportive-of-your-dreams-and-what-to-do-about-it/#respond Fri, 21 Oct 2022 14:20:02 +0000 https://marlatabaka.com/?p=61476 Since your passion is core to who you are, it's hurtful when someone you love isn't fully supportive of your dreams and endeavors. It's more common than you may believe; spouses, partners, friends, and relatives can be brutal when it comes to supporting entrepreneurs in their dreams. Keep the faith, it's not impossible to meet in […]

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Since your passion is core to who you are, it's hurtful when someone you love isn't fully supportive of your dreams and endeavors. It's more common than you may believe; spouses, partners, friends, and relatives can be brutal when it comes to supporting entrepreneurs in their dreams. Keep the faith, it's not impossible to meet in the middle–or to win them over entirely.

Here's what may be going on, and how you can make it better.

1. Others don't understand the entrepreneurial mindset.

Let's face it, entrepreneurs are a breed unto themselves. You are willing to take emotional and financial risks to attain the dream. You strive for freedom but often work sixty-plus hour weeks. The passion runs so deep that others can't possibly know how it feels.

Entrepreneurs frequently tell me how much they love their partner and friends, but people who don't relate to an entrepreneurial mindset may not be able to support you as you like and need.  You may be looking in the wrong place for the camaraderie and encouragement you seek from those in your personal life.

Solution: Find like-minded supporters

Spend time with other entrepreneurs. There are groups out there for almost any interest. Sharing stories, brainstorming, and lending your expertise will give you a dose of the mental and emotional stimulation you crave. The assistance of a great coach or mentor is strongly advised to aid you in creating this balance.

2. They feel robbed of your attention.

The important people in your life may feel deprived of your attention. It's tough to admit this, so they may cite something else as the problem, become argumentative, or go into avoidance mode. This creates confusion because you can't possibly find a solution to a problem that you haven't properly identified.  Oftentimes, loved ones will say they support you, but their actions don't match their words. This is particularly true if your attention is lopsided, in favor of your business. Sometimes things get so bad at home that the entrepreneur hides behind the business to avoid facing the issues at home or in their friendships.

Solution: Create balance and avoid making promises you may not be able to keep.

Broken promises are a brutal blow to our loved ones and will cause their feelings to deepen with disappointment. Have you told your significant other that the business won't disrupt your household or relationship? You know that's not true. Do you break your plans or constantly run late? That gets old after a while so your partner is bound to feel let down and annoyed.

If you find yourself begging forgiveness for broken promises, then something must change.  Be honest, realistic, and forthright rather than avoiding the truth in fear of backlash or disappointing them. It's only fair that they know what they're dealing with. Learn to work on your business instead of in your business and create processes to expedite and organize things so you can spend more time with your loved ones. You might find they become more supportive when they don’t feel second to your business.

3. They are more risk-averse than you are.

When entrepreneurs sink time and money into a business it changes the financial landscape of the household. Savings decrease, debt increases, and lifestyle luxuries go by the wayside. Your partner may be focused on dollars in the bank today, while you're focused on a larger fortune down the road.  Spouses sometimes feel resentful, especially if they cannot see the light at the end of the tunnel. Your dream may require them to work harder to make ends meet, placing the burden of financial survival on their shoulders while you “squander away the money.”

Solution: Have a solid financial plan and share it with them.

Many entrepreneurs begin their businesses as a sole proprietor. As things grow and problems arise (because they will), it's difficult to slow down enough to create a plan. A business without a plan leads to a lack of clarity and direction. I'm not a fan of full-blown business plans unless an investor is involved, but a basic financial forecast and growth strategy is a must. These plans will help those who love you feel more secure about your investment.

4. They are afraid for you.

No one who loves you wants to see you hurt. While they may not understand your vision and commitment, they do understand how much it means to you. They probably hear about your concerns, but do you communicate your positive development and wins? You may feel like you've got this, but they cannot be inside your head, so they don't feel as confident as you do. This doesn't mean they don't believe in you; they just don't see the big picture as you do.

Solution: Be conscious of how you communicate.

Sometimes it feels good to vent–to express your fears and unburden yourself when things aren't going well. So, you dump on your loved one and leave them feeling your pain. It's good to vent but make sure it's balanced by expressing a positive outlook or something that will help to resolve their concern. Of course, they will worry for and about you. Many entrepreneurs have come to me after years of using their spouse as a sounding board, only to realize it's ineffective and stressful for both parties. Again, a coach or someone else who can fill this role is a good way to go. Not to exclude others, but to balance the load.

One more important note: Never make assumptions about the meaning behind your loved one's seemingly negative actions. Reading messages into another's behavior is a fine way to create unnecessary trouble for the relationship. The key to success and feeling supported is to communicate clearly and to remember that support is a two-way street

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The Silent Epidemic: Depression in Entrepreneurs https://marlatabaka.com/2022/07/01/the-silent-epidemic-depression-in-entrepreneurs/?utm_source=rss&utm_medium=rss&utm_campaign=the-silent-epidemic-depression-in-entrepreneurs https://marlatabaka.com/2022/07/01/the-silent-epidemic-depression-in-entrepreneurs/#respond Fri, 01 Jul 2022 15:50:37 +0000 https://marlatabaka.com/?p=61388 Entrepreneurs are 4x more likely to suffer from depression than their neighbors, friends, and family members who represent the general population. The United States ties for second place for the highest rate of depression with Estonia and Australia at 5.9%. Second only to the citizens of Ukraine who are involved in a tragic war. Sadly, […]

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Entrepreneurs are 4x more likely to suffer from depression than their neighbors, friends, and family members who represent the general population. The United States ties for second place for the highest rate of depression with Estonia and Australia at 5.9%. Second only to the citizens of Ukraine who are involved in a tragic war. Sadly, depression in entrepreneurs is so common it represents a good chunk of a depressed population at a whopping 30%!

As a business coach, I have an opportunity to help affected business owners with their depression and to consider that their mysteriously dark thoughts and behaviors come from the depression they usually don't even know they have. The reason you may not think of it as depression is that if you see yourself as high functioning and expect yourself to ‘buck up,' as entrepreneurs do, you may be aware that you don't feel great, but you'll chalk it up to stress and other factors that don't include depression. With depression in entrepreneurs at a rate of 30 percent, this is truly a silent epidemic.

Why is depression in entrepreneurs so prevalent?

I can identify many reasons for the epidemic proportions of depression in entrepreneurs, and I'm confident that researchers have identified many more. The thoughts and information in this article come from nearly twenty years of successfully coaching small business owners; I am not a therapist. Here are the depression-triggering facts I witness most often.

Some entrepreneurs are predisposed to mental illness.

Many studies argue that some entrepreneurs are predisposed to mental illness, including depressive tendencies. The same qualities that make you an outstanding entrepreneur: creativity, ability to pivot, empathy, independence, visionary, and crisis-management skills may be rooted in negative life experiences. If you have experienced any level of trauma in your past, it likely resulted in many negative beliefs about yourself and the world around you. Experiences of failure, shame, perfectionism, and emotional or physical abuse, lead to anxiety and self-doubt, which can lead to varying levels of depression.

However, even if you were blessed with an idyllic childhood and a life relatively free of trauma, it does not disqualify you from depressive tendencies. The risks and uncertainty that come with the emotional rollercoaster that is a founder's life can be enough to push us to the brink of a breakdown. There is tremendous pressure to succeed from both internal and external sources. Mostly, entrepreneurs are hardest on themselves.

What are the primary stressors that lead to depression in entrepreneurs?

Aside from the above, the climate of the business world is quite harsh. There's competition, lack of funding, employees and candidates who ghost business owners, managing others, client issues, and rapidly advancing technologies that take money and education to keep up. As a founder, you have a world of weight on your shoulders and little opportunity to go off-grid to escape the crazy.

As though the external challenges aren't enough, they are compounded by negative self-talk and beliefs that can make you feel incapable or undeserving. Skim through my other blogs and Inc.com articles for more on this mindset and what to do about it.

Why it's difficult to spot depression in yourself.

If you've lived with depression for any length of time, it's hard to identify if your moods, thoughts, and behaviors are “just who you are” or symptoms of depression. Also, you're busy; who has time to slow down to evaluate this problem? Lastly, what if you discover you are Business Coaching for entrepreneursdepressed? That's scary, right?

The good news is that therapy, a good life and business coach, a healthier lifestyle, alternative treatments, and possibly (but not always) medication can resolve most issues. Why live a life of anxiety, high stress, and sad thoughts if you don't have to? It used to be taboo to discuss mental health; luckily, those days are gone.

How to spot depression in yourself.

Pay attention to your thoughts and moods. Prolonged sadness, anger, and frustration may be signs that you are depressed.

You're tired. Of course, you are, but depression comes with a whole new level of fatigue. Pay attention to your energy patterns.

Poor concentration. You may believe that what I call entrepreneurial ADHD comes with the territory. That's not always true. Your habits, beliefs, and lack of clarity contribute to poor concentration.

You may have a lack of appetite and trouble sleeping. Watch for any change in mood, habits, or attitudes that don't feel good to you.

Do you drink more alcohol than you'd like to admit?

A drink or two takes the edge off, but note if your drinking (or other self-medicating) habits have increased. This could be a sign that your coping mechanisms are over-taxed.

Indecisiveness and overwhelming feelings that muddy up your clarity.

Sometimes these feelings get so big that we shut down and use productive procrastination to avoid thinking about strategy and gaining clarity. Sometimes, even the most basic decisions feel overwhelming.

You don't feel like spending time with others.

You are excluding yourself from everyday social situations and avoiding others. This could be happening because your stress and depressive tendencies are taking up all of your energy. It's challenging to make small talk when you're facing tough problems.

Resolving depression in entrepreneurs.

The first step for anyone is to recognize that you aren't happy and are not alone, even though you may feel lonely. Many of your peers have gone or are going through bouts of depression. Society expects entrepreneurs to be tough and resilient, but we are all human with feelings, needs, and limits.

Try to put things in perspective.

Every problem becomes amplified when the brain is operating in a depressed state. Our stress bucket becomes full, and any minor issue can create an overflow. We also have negative recordings that yell at us from inside our heads; I'm not good or smart enough, I don't deserve success, I'm going to fail, so many people are counting on me, I can't let them down. I have many articles on my site about “BullShifting™” negative thinking. Check this one out.

Think about all the problems you've resolved in the past.

When we're involved in an anxiety-inducing issue, it feels like the world's weight is crashing upon us. You've felt this way before; what happened then? Most often, our worst fears don't manifest themselves. Even if they do, there are few circumstances from which we don't recover. You've probably faced heavier challenges and made it to the other side.

If simple positive mindset shifts are not helping your depression, please find a professional to work with for a while. If your depression is deep and long-lasting, interview some therapists to find one who resonates with your belief system. A coach with training and experience working with entrepreneurs is a great choice to complement therapy or as a stand-alone approach if you believe treatment is unnecessary. A good, ethical coach will gently nudge you toward therapeutic assistance if your situation is beyond their scope of practice.

Remember your mission and vision; you have a purpose to achieve. Ask for help so you can be happy in life and business and get to your goals efficiently. It's just better that way.

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