Revered by the public and the media, we view startup founders as invincible visionaries capable of surpassing any obstacle. However, this esteemed reputation does not de-risk them from personal struggles, particularly the stresses associated with being a founder. 

A recent survey investigated the state of over 400 early-stage startup founders’ mental health to reveal a stark reality; 72% have grappled with negative mental health impacts since launching their business, with a further 37% contending with severe problems such as anxiety, depression, bipolar disorder, or substance abuse. Despite this, only 23% have sought help for these issues.

As primary decision makers in the firm, a fear of failure and ambiguity concerning the future of the economy can cast shadows on their mental health and wellbeing – while they can feel the highest of highs, the stresses and isolation may also lead to low lows. Behind the scenes, these seemingly infallible individuals carry heavy burdens, exacerbated by the unfamiliar sense of entrepreneurial loneliness and the relentless responsibility that defines their role. 

Often viewing their startup as their sole purpose (or at least a largely substantial aspect of their life), it is easy for founders to slip into poor work-life balance habits. The feeling of being needed by their business, on call constantly, can quickly trap founders in a cycle of overworking and neglecting their mental and physical health. Already long office hours are normally continued upon returning home, eliminating the boundary between personal and professional life, causing burnout to quickly creep in. Good mental health practices such as regular exercise, socialising, and healthy eating are abandoned for the sake of a successful firm.

The stigma attached to founders makes seeking out help all the more difficult. There's a prevailing belief that reaching out for assistance or acknowledging difficulties could potentially harm their business and reputation. Many are concerned that showing vulnerability might create uncertainty in securing additional funding, negatively impact employee morale, or make them appear weaker in comparison to competitors. Female founders, in particular, encounter an added layer of complexity as they navigate societal expectations of empathy while balancing the assertiveness necessary in business roles. Although projecting a 'superhero' image may temporarily alleviate these fears, it can gradually worsen their mental health struggles.

Crucial to a thriving business is a healthy founder – both physically and mentally. Good mental health can positively impact a business and ensure that founders are better aligned with their creativity, productivity, and innovation. It is crucial to effectively navigate and manage these internal pressures to ensure the sustainability of the company. Building a network with fellow founders can be beneficial, providing a supportive space to discuss concerns with individuals who truly understand the challenges of entrepreneurship.

Persisting time constraints will always present a challenge in founders’ lives, making it more difficult to seek help through a counsellor or therapist. Technological advancements have been made to ensure that outreach and regular contact with mental health professionals are accessible, allowing founders and employees to check in on their wellbeing amid busy schedules. These advancements help in removing logistical hurdles, such as needing to travel to in-person appointments, while also enabling essential check-ins during stressful times.

An increasing awareness among founders regarding their mental health is driving a more constructive discourse on the subject, as stigmas around the topic continue to shift. In the pursuit of creating a sustainable and successful business, the mental health of employees, employers, and founders cannot be overlooked. Continuing conversations around this topic, and actively seeking solutions through the resources available will foster a conducive environment for growth, both personally and professionally.