In the realm of business, one’s triumph is not solely determined by financial solvency but also by emotional welfare. Over the course of 25 years, I have observed the impeding effects of unresolved mental health issues on professional and financial progression. The current economic environment has only exacerbated these difficulties, underscoring the importance of addressing both mental and financial well-being.
Specifically, female entrepreneurs encounter unique stressors and are often confronted with fewer resources in comparison to their male counterparts. Disparities in wages, responsibilities related to caregiving, and instances of sexism contribute to financial instability and impede the advancement of women in business.
Nevertheless, there exist communities such as The Dames that furnish essential support for women entrepreneurs, enabling them to thrive in their personal and professional pursuits. Entities of this nature play a pivotal role in advocating mental well-being and fostering business growth for women involved in entrepreneurship.
The implications of mental health for women in business are considerable, giving rise to heightened levels of stress, anxiety, depression, substance abuse, eating disorders, discord in relationships, and even thoughts of suicide. The recognition and resolution of these challenges are paramount for the welfare of women in business.
In my capacity as a licensed psychotherapist, I recommend that women entrepreneurs embrace their self-worth, take ownership of their lives, engage in mental fitness exercises, and integrate mindfulness practices into their daily routines. It is vital to transition from a mindset of scarcity to one of abundance, cultivate mental resilience, and establish a robust support network.
According to Meghann Conter, the founder of The Dames, it is imperative for women entrepreneurs to validate their sense of purpose, envision a better world, align their unique talents with the demands of the world, and uphold core values. Identifying the appropriate business model, automating tasks, recruiting team members, and actively participating in a community of like-minded individuals are also crucial steps towards success.
Research underscores the strong correlation between financial pressure and mental distress, underscoring the necessity of addressing both domains for overall well-being. By acknowledging these distinctive stressors and implementing strategies to enhance mental and financial health, women entrepreneurs can surmount these challenges and flourish in their business ventures.
Citation:
Louise Brådvik, “Suicide Risk and Mental Disorders,” International Journal of Environmental Research and Public Health 15, no. 9 (September 2018): 10.3390. doi.org /10.3390/ijerph15092028.