3 ways to avoid depression as an entrepreneur

[Setfragil]

The major reason for depression for entrepreneur is when a business is not doing fine or when the business collapses. For an entrepreneur to avoid depression he should make sure to avoid things that can make his business to collapse like selling to peopl on credit, taking loans with huge interest and venturing into businesses or products without good customer base.

 

[Josh9493]

However, doling out business grants and loans could take time, which will have a greater impact on small-to-medium sized businesses without access to cash reserves and credit lines. Smaller companies, which account for 44% of Nigeria economic activity, also may not be as adept at navigating a cumbersome process as their larger peers. If these companies don’t get quick access to a lifeline to avoid insolvencies, mounting layoffs will hamper any chance of a speedy recovery.

 

[Sariana23]

There are many ways to avoid depression in an entrepreneur, there are even online courses and personalized attention in this regard. To be a successful entrepreneur, you must be predisposed and prepared to fail at some point, either from the company or from some factor related to it.

 

[Pauljonnes1000]

Depression is not a very good thing that can be hanging with levity. It can ruin an entire life. Depression can be curbed by music, reading books, watching movies and so on. Depression can kill if not properly managed.

 

[unhappy triad]

You may want to take a break ora leave as an entrepreneur. Life is not all about business nor is it all about survival of the fittest as evolutionist will have it. Take your timeout. Enjoy your leisure have nice time with friends and family or loved ones.

 

[Mawome]

To avoid depression as an entrepreneur you actually need to be very careful with whatever thing your doing with money I tell you. If you're not careful then it's possible that you may end up moving to the rural area, becouse you can not afford to handle all the damages it must have coursed please do let me find out.

 

[Good-Person]

There are some basic things a businessman should consider. First of all it is normal for things to get bad in business. Business involves risk and when you suffer from loss. You get depressed. The best way to avoid depression is to avoid loss. Here are the basic factors to avoid loss:-

1) Invest what you can afford to lose (This is very important)

2) Know what you are doing with your money and how you are investing money.

3) Minimize the chances of loss by planning the things right way.

These are the basic things!

 

[Adventurer]

I love the article posted up there and I must confess that this really lifts up my head and reassures me that I'm not being mistaken being an entrepreneur. sometimes one tends to be depressed and even think of quitting due to the fact that some things don't work out as expected but with this post, one is good to go. Thanks a lot.

Yes and in addition, do not allow social media put pressure on you, sometimes seeing what other vendors post on social media about their sales make you feel you're not doing enough and start feeling depressed. Talking to friends and family too helps to motivate

 

[Eodine]

This tips are really helpful, thank you. But another tip would be that the person should learn to smile and talk to friends that can help before depression sets in.

 

[Efficient5713]

Depression is a dark and lonely place to be in no matter what someone does for a living. Entrepreneurs face a unique set of challenges when depressed. That's because for many entrepreneurs, their personal health is reflected in their business health.

When you're depressed, you're not productive. When you're not productive, your business suffers. When your business suffers, your depression deepens. And the cycle continues and can become more insidious with every iteration.

Entrepreneurs know that their business successes are personal successes -- and their business challenges are personal challenges. The phrase “it’s not personal; it’s business” doesn’t apply to them. And so a personal struggle like depression leads to business challenges, including lost revenue and team conflicts.

So how can business leaders reach the light at the end of the depression tunnel and avoid toxic triggers?

1. Find a safe space.​

Part of what gives depression its power is the shame -- and the need to conceal those feelings. Brené Brown speaks eloquently about how vulnerability can eradicate shame. Seeking therapy is always a good idea for someone suffering with depression.

Having an entrepreneurial support system isn’t a bad idea either. Mastermind groups can be a safe place to share business and personal struggles. The fellow entrepreneurs in a mastermind group may have a deep understanding of the issues you're facing and can provide keen insights for solutions.

2. Close the gap.​

It’s natural for entrepreneurs to chase the horizon. But when you’re in a depressed state, the horizon seems further and further away.

What once was a lofty goal turns into an unachievable, daunting odyssey. Dan Sullivan, the founder of Strategic Coach in Toronto, teaches a very powerful lesson that helps turn the tables on this phenomena. He calls it "closing the gap." In essence, an individual shifts his or her perspective from looking forward to looking backward.

In depression, you tend to focus on everything you haven’t achieved and focus solemnly on where you think you should be.

Instead, practice the act of looking back, acknowledging and celebrating what you have accomplished. Observe and appreciate every step, big or small, that you’ve taken traveling on the path toward your vision.


With this practice, you'll see that you're closer to your goals than your depression wants you to believe. Closing the gap will give you positive, motivating fuel to take more action.

3. Go on an information fast.​

If you have ever been bombarded with Facebook posts about one person's success, followed by another and another, then you might understand that sometimes those "uplifting" and "motivating" posts can have the opposite effect, especially for someone with depression.

Sure, those posts and articles can help individuals see what's possible and provide motivation for stepping up their game. On the other hand, if you're suffering from depression, those posts could trap you in a detrimental comparison mindset. You might think, "Look, there’s another person who’s killing it and I’m still stuck.They must be special. I must be broken."

Sometimes the best thing to do is to remove yourself from such triggers. Unplug from Facebook. Don’t read those posts. Perhaps, you need to turn away from consuming information so that you can have the space for producing.

This article is nice, I love it.
Another way to fight or out your depression under control is to seek for advice from mature sources and people who are superior to you and have better experiences than you in that aspect.
By so doing, you could fine your way out of that deep shit .

 

[Josemendez]

One of the best way to be able to achieve such is to bear in mind right from onset that entering into the world of enterpreneurship is never an easy thing at all , it deals with a lot of challenges. Bearing this in mind will help the person to move on when it seems that all odds are against him .

 

[Bkoks]

When you're depressed, you're not productive. When you're not productive, your business suffers. When your business suffers, your depression deepens. And the cycle continues and can become more insidious with every iteration.try not to be depressed so that you can be productive

 

[Mostee501]

Depression is a very sad and sometimes unavoidable state of mind and feelings.depression can affect any type of business negatively,the best way to solve the problem is to seek medical help in a well recognized medical institution.

 

[Grant]

Thanks for sharing OP. We all have troubles when it comes to starting in this field. Being an entrepreneur is a tough thing to do, as you never know exactly when things will turn around. You're also partly on your own, so that in itself is sometimes scary.

Anyway, thanks again for sharing OP. Great tips that everyone should follow.

 

[Ryeetar]

As an entrepreneur you need to always bear it in mind that business is all about risk bearing anything can happen and at any time in your business. Also you need to be optimistic and not pessimistic so that even times when business is bad you wouldn't be crestfallen instead you would see it as one of the criteria of running a business.

 

[Dubai]

In order to avoid depression as a business man, you would have to be careful in the type of deals and investment you make. This is because, the more bad or high risk decisions you embark on, the more likely you would experience depression. Do not take unnecessary risks and avoid taking loans that are not realistic to pay back.

 

[Milz]

As an entrepreneur you must find yourself a good location with a solid customer base to sell your goods and services. You must also find yourself a suitable way of advertising your business in different ways like using social media to your advantage.

 

[Blue house]

General tips to avoid depression, you must never over think no matter how bad the situation is.
As an entrepreneur when depression wants to set in make sure you leave your business for the main time so as to get hold of yourself together.