The Psychological Price of Entrepreneurship

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The Psychological Price of Entrepreneurship
No one said building a company is easy. But it’s time to be honest about ho

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Smith’s company has grown some 1,400 percent in the last three years, landing it at No. 310 on this year’s Inc. 500.
“I’d wake up at 4 in the morning with my mind racing, thinking about this and that, not being able to shut it off, wondering, When is this thing going to turn?” After eight months of constant anxiety, Smith’s company finally began making money.
But many of those entrepreneurs, like Smith, harbor secret demons: Before they made it big, they struggled through moments of near-debilitating anxiety and despair–times when it seemed everything might crumble.
Lately, more entrepreneurs have begun speaking out about their internal struggles in an attempt to combat the stigma on depression and anxiety that makes it hard for sufferers to seek help.
“I was to the edge and back a few times this past year with my business and own depression,” he wrote.
“There are traumatic events all the way along the line,” says psychiatrist and former entrepreneur Michael A.
So it should come as little surprise that entrepreneurs experience more anxiety than employees.
According to researchers, many entrepreneurs share innate character traits that make them more vulnerable to mood swings.
In his book The Hypomanic Edge: The Link Between (a Little) Craziness and (a Lot of) Success in America, Gartner argues that an often-overlooked temperament–hypomania–may be responsible for some entrepreneurs’ strengths as well as their flaws.
“If you’re manic, you think you’re Jesus,” says Gartner.
Since then, WellDog has taken off: In the past three years, sales grew more than 3,700 percent, to $8 million, making the company No. 89 on the Inc. 500.
Though launching a company will always be a wild ride, full of ups and downs, there are things entrepreneurs can do to help keep their lives from spiraling out of control, say experts

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