If you’re not careful, entrepreneurship can result in serious burnout, stress, and anxiety. There are a lot of responsibilities, risks, and sacrifices that are involved in growing a business that many get consumed by.
That’s why it’s important to understand entrepreneur burnout as a business owner, employee, or employer.
It will help you create balance in your life, treat your employees with respect, and be more mindful towards others.
Here are 13+ entrepreneur burnout statistics you need to know.
|Burnout Statistic Summary|
|1. Many Factors Contribute to Entrepreneur Burnout, Such As Financial Concerns (22%), Work-Life Balance (15%), and Day-to-Day Stress (15%)|
|2. 84% of Business Owners Say There Is Stigma Around Mental Health in the Community (Though 61% of That Group Agree It’s Getting Better)|
|3. 92% of Small Business Owners Have Experienced Mental Health Problems Over the Past Two Years|
|4. 40% Say That Dealing With Their Psychological Problems Is Likely To Take Longer Than Financial Recovery|
|5. 25% Reported Feeling Moderately Burned Out|
|6. 3% Reported Feeling Intensely Burned Out|
|7. Entrepreneurs Might Have Some Protection Against Burnout|
|8. Work-Related Stress Costs Employers an Estimated $190 Billion Annually|
|9. 55% of Entrepreneurs Feel They Don’t Get Enough Emotional Support in Their Work Lives|
|10. 41% of Entrepreneurs Report Higher Levels of Anxiety|
|11. 63% of Entrepreneurs Have Experienced Sleep Issues Because of Running a Business|
|12. Entrepreneurs Were Found To Be More Likely To Experience Mental Illness|
|13. 57% of Small Business Owners Are Taking or Planning To Take Vacations This Year|
1. Many Factors Contribute to Entrepreneur Burnout, Such As Financial Concerns (22%), Work-Life Balance (15%), and Day-to-Day Stress (15%)
It’s no surprise that financial concerns lead the reasons for entrepreneur burnout. After all, it isn’t easy to manage capital, cash flow, expenses, and payroll.
Money makes the world go round, right? But when you’re running your own show, financial instability can feel like a constant cloud hanging over your head. The pressure to make ends meet, pay the bills, and maybe even support a team can be overwhelming.
What Can We Do?
- Keep a Budget: Keep track of your finances, know where every penny is going, and plan for the rainy days.
- Seek Professional Help: Don’t be afraid to talk to a financial advisor. They can provide guidance and help ease the burden.
Ah, the elusive work-life balance. When your business is your baby, it’s hard to put it down and take a breather. But here’s the thing – rest is not a luxury; it’s a necessity.
What Can We Do?
- Set Boundaries: Create a work schedule and stick to it. When it’s time to clock out, really clock out.
- Take Time for You: Find activities outside of work that bring you joy and make them non-negotiable.
Running a business is no small feat. The daily grind, the constant decision-making, it can all pile up and lead to serious burnout.
What Can We Do?
- Prioritize Self-Care: Make sure you’re getting enough sleep, eating well, and moving your body.
- Learn to Delegate: You don’t have to do it all. Trust your team and delegate tasks to lighten your load.
2. 84% of Business Owners Say There Is Stigma Around Mental Health in the Community (Though 61% of That Group Agree It’s Getting Better)
As an entrepreneur, you’re supposed to be tough and ride through any hardships you experience. It’s built into the culture of business. However, it isn’t always that easy.
Sometimes, people need to take a break, talk to others, or seek professional help. Burnout can cause other issues with your relationships and health as a side effect.
Despite this, 61% of entrepreneurs agree that it is getting better.
I can see this myself. Influencers like Gary Vaynerchuk regularly talk about mental health and taking care of one’s self.
What Can We Do to Break the Stigma?
Open Up the Conversation
- Be Vulnerable: Share your own experiences. When leaders open up, it creates a safe space for others to do the same.
- Educate: Let’s bust those myths and spread awareness about mental health. The more we know, the better we can support each other.
Create a Supportive Environment
- Check-In: Regularly check in with your team (and yourself!). Ask how they’re doing and really listen.
- Promote Work-Life Balance: Encourage taking breaks, vacations, and time off. A happy mind is a productive mind!
Seek Professional Help When Needed
- Therapy is Cool: There’s no shame in seeking help from a mental health professional. In fact, it’s a sign of strength.
- Provide Resources: If you’re in a position to do so, provide mental health resources and support as part of your business’s wellness program.
3. 92% of Small Business Owners Have Experienced Mental Health Problems Over the Past Two Years
Nearly all business owners have agreed that they have experienced mental health problems over the past two years. It’s extremely common.
Why Are the Numbers So High?
- The Weight of Responsibility: As a small business owner, you wear many hats. You’re the CEO, the marketer, the customer service rep, and sometimes even the janitor. That’s a lot of pressure on one person’s shoulders.
- Uncertainty and Instability: The world of entrepreneurship is unpredictable. Market changes, financial instability, and the current global situation can all contribute to stress and anxiety.
So, What Can We Do About It?
- Take Breaks: Step away from the computer, take a walk, meditate—do whatever helps you recharge.
- Set Realistic Goals: Celebrate the small wins and remember, Rome wasn’t built in a day.
Build a Support Network
- Connect with Fellow Entrepreneurs: Join local or online groups where you can share experiences and advice.
- Don’t Be Afraid to Ask for Help: Whether it’s delegating tasks or talking to a mental health professional, reaching out is a sign of strength.
Foster a Positive Work Environment
- Create a Healthy Work Space: Make sure your work environment is comfortable and inspiring.
- Promote Work-Life Balance: Set boundaries and stick to them. Your business is important, but so is your well-being.
4. 40% Say That Dealing With Their Psychological Problems Is Likely To Take Longer Than Financial Recovery
You can always start a new business, get another loan, or launch a new marketing campaign. However, it isn’t as simple to recover your mental or physical health as the result of burnout.
Why Mental Recovery Takes Time
- The Emotional Investment: We pour our hearts, souls, and countless hours into a business. So, when things get tough, it’s not just a financial hit—it’s personal.
- The Stigma: Let’s be real, there’s still a stigma around mental health, especially in the entrepreneurial world. Admitting we’re struggling? That’s tough. And it can make the road to recovery feel even longer.
So, What’s the Game Plan? How Do We Navigate This?
Acknowledge and Accept
- It’s Okay Not to Be Okay: First things first, let’s acknowledge that it’s okay to struggle. Entrepreneurship is hard, and it’s okay to admit that.
- Give Yourself Grace: Remember, recovery is a journey, not a race. Be kind to yourself along the way.
- Talk About It: Whether it’s with trusted friends, family, or a mental health professional, opening up is a crucial step.
- Build Your Tribe: Connect with other entrepreneurs who get it. Share your experiences, and lean on each other.
Implement Self-Care Strategies
- Find Your Zen: Whether it’s through meditation, exercise, or a good old Netflix binge, find what helps you unwind and make it a priority.
- Set Boundaries: Work is important, but so is your well-being. Set clear boundaries, and stick to them.
5. 25% Reported Feeling Moderately Burned Out
So, what does it mean to feel “moderately” burned out? Well, imagine your energy and passion for your work as a bright, burning flame.
When you’re moderately burned out, that flame isn’t completely extinguished, but it’s definitely flickering.
You might find yourself dragging your feet to start the workday, or maybe tasks that used to excite you now feel like a chore.
It’s a tricky spot to be in because you’re not completely overwhelmed, but you’re not firing on all cylinders either.
Now, the good news is that since we’ve caught this burnout at a “moderate” level, we’ve got a great chance to turn things around.
First things first, let’s talk about the power of a good break. And I’m not just talking about a five-minute coffee break (although those are great too!).
I mean giving yourself permission to step back, even if it’s just for a day or two, to recharge. Use this time to do something that brings you joy, away from work.
It could be a hike, a movie marathon, or even just a lazy day in bed with a good book.
6. 3% Said They Felt Intensely Burned Out.
When we talk about intense burnout, we’re looking at more than just regular stress or tiredness.
This is the kind of exhaustion that feels all-consuming, where both the passion and the energy to move forward seem to have fizzled out.
It’s like running on empty, and every task, no matter how small, feels like climbing a mountain.
Now, if you or someone you know is in this 3%, first and foremost, it’s crucial to acknowledge what you’re going through.
Burnout isn’t a sign of weakness, and it doesn’t mean you’re not cut out for the entrepreneurial life. It simply means that your mind and body are screaming for a break, and it’s important to listen.
One of the first steps to take is to give yourself permission to step back and breathe. It might feel counterintuitive, especially when there’s so much to do, but trust me, it’s necessary.
Use this time to disconnect, rest, and recharge. It could be a few days off, a vacation, or even a longer sabbatical if that’s what you need.
Next, let’s talk about seeking support. This could be from friends, family, or a mental health professional. Intense burnout is a heavy burden to carry, and you don’t have to carry it alone.
Sometimes, just talking about what you’re going through can lift a bit of that weight off your shoulders.
7. Entrepreneurs Might Have Some Protection Against Burnout
So, you might be wondering, how on earth do entrepreneurs have protection against burnout? Well, it all boils down to passion and autonomy.
Most of us jumped into the entrepreneurial world because we’re passionate about what we do. We have a vision, a dream, and we’re eager to make it a reality.
This passion acts like a buffer, helping us to stay resilient even when the going gets tough.
But here’s the kicker, passion alone isn’t enough. The real game-changer is autonomy.
As entrepreneurs, we have the unique ability to call the shots, make our own decisions, and steer the ship in the direction we want it to go.
This sense of control and independence is empowering, and it plays a huge role in protecting us against burnout.
Now, this doesn’t mean we’re completely immune to burnout. Far from it. The long hours, the uncertainty, the financial pressures – they can all take their toll.
But the good news is, with our passion and autonomy, we have a strong foundation to bounce back and keep pushing forward.
So, what can we do to harness this protection and minimize burnout? First and foremost, stay connected to your ‘why’.
Remind yourself regularly why you started this journey in the first place. What drives you? What excites you about your work? Keeping this at the forefront of your mind can reignite your passion and keep you motivated.
Next, embrace your autonomy. Make the most of your ability to make decisions and shape the direction of your business. Remember, you’re in the driver’s seat, and that’s a powerful place to be.
And lastly, don’t forget to take care of yourself. Make time for breaks, prioritize self-care, and don’t be afraid to ask for help when you need it. Your well-being is just as important as your business’s success.
8. Work-Related Stress Costs Employers an Estimated $190 Billion Annually
Yep, you heard that right, billion with a ‘B.’ That’s a whole lot of money, and it’s a clear sign that work-related stress is not just a personal issue, but a massive economic one too.
So, why is this happening? Well, the entrepreneurial life is no walk in the park. We’re constantly juggling tasks, making decisions, and dealing with uncertainties. It’s exhilarating, but it can also be incredibly stressful.
And when that stress builds up, it can lead to burnout, affecting not just our well-being, but also our businesses and the people we work with.
Now, here’s the good news – there are things we can do to minimize this stress and protect ourselves from burnout. First things first, let’s talk about the importance of setting boundaries.
Yes, our businesses are our children, but we also need time to rest and recharge. So, set clear work hours, take breaks, and make sure you’re getting some ‘me time.’
Next up, delegation. Remember, just because you can do something, doesn’t mean you should. Delegate tasks that can be handled by others, and focus your energy on what you do best. It’s not just good for you; it’s good for your business too.
Bonus Entrepreneur Burnout Statistics
9. 55% of entrepreneurs feel they don’t get enough emotional support in their work lives.
10. 41% of entrepreneurs report higher levels of anxiety.
11. 63% of entrepreneurs have experienced sleep issues because of running a business.
12. Entrepreneurs were found to be more likely to experience the following in comparison to the general population:
- Depression: 30% compared to 15% and 16.6%
- ADHD: 29% compared to 5% and 4.4%
- Addiction: 12% compared to 4% and 8.4%
- Bipolar diagnosis: 11% compared to 1% and 4.4%
13. 57% of small business owners are taking or planning to take vacations this year.
- The Rockerfeller Foundation
- Harvard Business Review
- Harvard Business Review
- The Hustle
- Mental Health UK
According to a recent study devoted to burnout in entrepreneurs, entrepreneurs might have some protection against burnout, even with so much work to do.