This week on Fall Back Up, perhaps one of the most important, yet least talked about issues facing entrepreneurs, their own mental health.
I first met Michael DeVenney after he reached out to me to discuss an initiative he is working on called The Mindset Project.
The work is about the intersection of entrepreneurship and mental health and he thought it would be of interest for the CFIB.
Michael is an entrepreneur himself as well as a strategy consultant and investor for other entrepreneurs.
He holds degree in business, strategy, and leadership from Acadia University, Michigan State, Villanova and Notre Dame universities.
He’s completed the largest study ever done connecting entrepreneurship and mental health. The results are incredible.
In the study, more than 72% of entrepreneurs questioned if they were getting what they wanted from their company with more than 68% experiencing some form of mental health challenge.
Respondents also indicated that more than 74% faced deterioration of their social life and relationships while 40% found their physical and mental health had suffered after starting their business.
He is working now to publish the findings and develop actionable solutions.