182

Opinion

Startup Community: Startup stress is real: how to stay alive as a founder
Thomas N Horsted

December 18th, 2019


This article is more than 5 years old.

Startups, stress, anxiety and depression – the psychological price of entrepreneurship is real. We need more focus on mental awareness and a support system that wants us to succeed.

‘Couldn’t be more different’ (Photo: Fernando Frazão/Agência Brasil)

Sleepless nights, overpacked schedules and an addiction to hustle – focus, hard work, drive and innovation in the pursuit of success. Entrepreneurs like this are ‘heroes’ if you listen to some sections of society.

However, the pressure of racking up 60+ hours per week trying to keep your business afloat often leads to worry, stress, anxiety, burn out and depression.

The World Health Organization predicts that stress will be the number one cause of illness in society by 2020. And it shouldn’t be like that.

Olympic startup athletes
What do athletes and business founders have in common? It’s simple: they work every given minute to achieve success.

For an athlete it might be to set a new world record and win a gold medal at the Olympics. For a founder it is to solve a problem and scale an innovative solution to millions, if not billions, of people, while creating a financially sustainable company.

What is the difference? Olympic athletes have a support system and a community that wants them to succeed and stay healthy – both mentally and physically. Founders don’t.

Why is that? The science is clear: maintaining health and balance in a startup is vital for prosperity. We need to challenge the status quo and take a systemic approach to creating a work-life balance that is smart and sustainable, and that protects our greatest asset: our health.

Of course, systemic change doesn’t happen overnight, so start off by taking care of yourself! If you are struggling, here is some advice to help navigate the downward spirals.

Check in with yourself
Do a daily ‘check-in’ with yourself. Ask how you are doing and answer honestly. Are you stressed? Sad? Concerned? Is it related to your personal life or work?

rite down and accept these feelings, and then come up with a couple of action points.

Transparency with investors
Raising capital from investors can leave founders feeling indebted to the people who financed their vision. Feeling the need to always show your best side and results is common, but remember: you are partners now. Be transparent early on about how you are doing – as a founder and a person. It will build trust.

Build a support team
You can’t always be the hero. Building a support community around you is critical. Maintaining relationships with friends and family who love and support you will give you energy and a sense of belonging when the going gets tough.

Exercise – lots of it!
You have heard this one before, I know. But it is really important. Exercise is proven to improve mental health by reducing anxiety, depression and negative mood, while stimulating cognitive function. Just do it, okay?

About

Thomas N Horsted

Thomas (@thomas_hors) is the former co-founder of Startup Guide – The Entrepreneur’s Handbook and a former startup scout for IKEA Bootcamp. He is currently the COO for Tiimo, a Danish startup delivering an assistive app to kids with ADHD, autism and brain damage. He is also a limited partner and investor in The Nordic Web Ventures, which invests in early-stage Nordic startups.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”