There is a mental health crisis in entrepreneurship. Here’s how to tackle it

The mental health crisis in start-ups

According to Dr Paul Hokemeyer, an expert in elite identity constructs: “Given the extraordinary impact entrepreneurs have on our world economy, it’s critically important they operate in a state of optimum emotional and relational health. Unfortunately, in our current zeitgeist of founder burnout as a benchmark of entrepreneurial excellence, such has not been the case.”

A recent study by the University of San Francisco researcher Michael A. Freemanfocused on the mental health crisis that is raging, acknowledged but ineffectively addressed, among the men and women who comprise the entrepreneurial community.

According to this study, approximately one half (49%) of entrepreneurs suffer from at least one form of mental health condition during their lifetimes. These include ADHD, bipolar disorder and a host of addictive disorders.

Freeman’s research has shown that start-up founders are:

– Twice as likely to suffer from depression

– Six times more likely to suffer from ADHD

– Three times more likely to suffer from substance abuse

– 10 times more likely to suffer from bipolar disorder

– Twice as likely to have a psychiatric hospitalisation

– Twice as likely to have suicidal thoughts

These findings are actually conservative in the clinical experience of Dr Hokemeyer: “In my clinical practice, I see percentages in the range of 80% of entrepreneurs who struggle with a host of personality disorders such as narcissism, sudden wealth syndrome and the impostor syndrome.

“These conditions erode not just the effectiveness of start-up founders; they also have a negative impact on the endeavours that these highly intelligent human beings have risked their financial, relational, intellectual and emotional capital to pursue.”

 
Source of Information:

Written by

Marcel Muenster, Founder and Director, The Gritti Fund

Paul Hokemeyer, Clinical and Consulting Psychotherapist, Author

Related posts

20 July 2018

MENTAL HEALTH AND EDUCATION: EXPERT OPINION STATEMENT

PETER V. MOROZOV Vice-President, Russian Society of Psychiatrists, WPA Standing Committee on Planning Member (Russia)   “Education is key to...

20 March 2018

MENTAL HEALTH AND EDUCATION: PERSONAL EXPERT OPINION BY PROFESSOR RICARDO CUINEA

Ricardo Guinea.MD., President, World Association for Psychosocial Rehabilitation, Hospital de Día Madrid (Spain)   “Psychosocial Rehabilitation appears in the last...

26 March 2018

Children with Down Syndrome Introduce their Arts in the Far East Arts Museum in Khabarovsk (Russia)

The Exhibition "Orange Sky" introduced the artworks of children and adolescents with Down Syndrom in the Far East Arts Museum...

25 December 2017

Merry Christmas!

12 September 2019

ART-EXHIBITION “NEW DIMENSIONS” in Kazan under the V Festival of Rehabilitation Programs for People with Special Mental Health Needs

9-24 October 2019, Kazan, Russia The best works of artists-outsiders of the Volga Federal District of Russia will be presented...

4 June 2018

Round Table on Modernization of Psychiatric Care in the Public Chamber of the Russian Federation

The Round Table on Modernization of Psychiatric Care will be held on 4 May in the Public Chamber of the...

4 September 2017

II National Awards “HARMONY”

The Union for Mental Health of Russia announces the call for bids for the II National Awards “HARMONY” established to...

31 October 2018

Russian National Foundation on Rehabilitation

The Russian National Foundation on Rehabilitation has launched a new project aimed at promoting the employment of young people with...

28 December 2020

Final Report for 2020

Dear colleagues! Dear friends! First, I would like to thank you for being with us during this difficult year, supporting...

15 June 2018

World Elder Abuse Awareness Day 15 June 2018

Around 1 in 6 older people (141 million people) experienced some form of abuse in the community during the past...