Prioritizing Mental Health or Market Success: A Contemporary Analysis of Challenges Faced by Depressed Entrepreneurs
Abstract
Since innovation is at the centre of economic development, innovation drives stress, anxiety, and burnout that have antecedents in negative consequences for the welfare of the innovating entrepreneur and the survival and sustainability of the business. This research provides an understanding of the correlations between mental health and entrepreneurship with a demonstration on need to treat mental health disorders in entrepreneurship. The structured questionnaires and open-ended questions mixed with a total of 86 small entrepreneurial participants from different sectors answered research questionnaires alongside quantitative ones. For the comparison purpose chi-square, T-tests and ANOVA were used and regression techniques were used to determine if dynamic variables interacted with quantitative data path analysis also determined that stress was as a result of financial problems, long working hours, lack of resources and more. To mitigate these challenges, it also established what requires to be done to reducing them which include mindfulness, peer support and flex work plans. This paper emphasizes awareness of the fact that the existence of mental health disorders negatively affects the performance and sustainability of an enterprise and the utilization of goal directed strategies becomes a crucial solution to this determination. It reaffirms this research’s findings about the requirements for systemic interventions and the development of targeted strategies for managing mental health as a critical precondition for sustainable entrepreneurial activity in the context of global changes while providing policymakers, entrepreneurs, and academics with novel, practical recommendations
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