KrASIA: 6 takeaways from Safe Space and ACE’s report on startup founders’ mental health
Published: 9 July 2021
#5: Male founders are more vulnerable
Male founders were twice as likely to strongly agree that running a startup had challenged their mental health. Men are also less likely to seek help due to stigma. Female founders were significantly more likely to confide in a friend.
#6: The pandemic has had a negative impact on young startups
The pandemic has forced businesses from various sectors to adjust their operations or even pivot entirely. All startups formed less than ten years ago reported being negatively impacted by COVID-19; most have solo founders. Companies that said they were positively impacted had co-founders. The report’s authors suggest solo founders be more active in forming personal and professional networks, as the simple act of sharing one’s thoughts can eliminate feelings of loneliness.
While self-care activities like working out, maintaining a healthy diet, and confiding in loved ones can help people cope with everyday tensions, engaging mental health experts for counseling is the next logical step for those struggling with stress and anxiety. Taking charge of mental wellness can lead to improvements in one’s professional life. Moreover, experts from Safe Space believe that managing daily stress from startup life and finding support quickly can bring significant benefits to the long-term growth of a business.
View the article here: KrASIA Article