The Entrepreneurial Dream: Happiness, Depression and Freedom

Abstract

Some recent research suggests that entrepreneurs are, by their nature, more prone to depression. This paper uses research in entrepreneurship, psychology, philosophy and neuroscience to show that, contrary to current belief, entrepreneurs are not unusually susceptible to depression. They are in fact extraordinarily resilient, but their entrepreneurial projects often create high levels of risk, uncertainty, loss of control, fractured relationships and damaged identity. These, coupled with extreme lifestyles, lack of sleep and exercise and poor diet, combine to create exceptional physiological and psychological stress. These conditions, and not predisposition, lead to entrepreneurial depression. Entrepreneurial traits are a shield and protection, not a cause of distress. The paper suggests a range of mitigating philosophical, strategic and personal approaches to improve wellbeing and social and economic outcomes. In summary, entrepreneurs should keep themselves fit to lead, share the burden with a team and keep the project lean.