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Entrepreneurial Burnout
The high price of chasing your dreams…
Entrepreneurial burnout is a topic I have recently thought about quite a bit. I have experienced high levels of stress myself throughout the last 15 years as a hospitality entrepreneur. The worst season of course being the pandemic era.
Time and again I have returned to remind myself about my passions and my values, I have ramped up my self-care routines and found ways not only to balance my life, reinforce my boundaries, but also to re-boost my passion.
Have I thought about quitting the business and getting a 9 to 5 job? Oh yes, many times. And once every second day. But then again, this is the life I know. This is the life I want to live — the life of freedom and opportunities. Said all that, I am still work in progress when it comes to sticking to my boundaries.
The Entrepreneur Report of 2024
The statistics are shocking. I am not surprised, not at all.
According to the Worldmetrics.org 2024 report about Entrepreneur Burnout, the statistics are alarming. Have a look at this overwhelming summary of the statistics provided:
• 23% of entrepreneurs say they often feel burned out.
• 30% of entrepreneurs report being constantly stressed.
• 45% of entrepreneurs say they experience burnout due to juggling too many responsibilities.
• 72% of entrepreneurs report mental health concerns due to work-related stress.
• 60% of entrepreneurs are at higher risk of burnout compared to employees.
• 52% of entrepreneurs work more than 50 hours per week.
• 68% of entrepreneurs report feeling like failure at some point.
• 42% of entrepreneurs have experienced burnout because of finances.
• 35% of entrepreneurs say they lack work-life balance.
• 57% of entrepreneurs have experienced sleepless nights due to work stress.
• 49% of entrepreneurs say they have sacrificed their health for their business.
• 25% of entrepreneurs have sought professional help for mental health issues.
