MUMBAI: Fear of failure along with managing cash flows as well as the workforce are the top three stress points for entrepreneurs, according to a first of its kind study by Ascent Foundation and Mariwala Health Initiative (MHI). Of the younger entrepreneurs aged 20-40 years, 64% of those who manage their own business or with partners and 42% of those in a family business worry about financial cash flows. The study found frustration, lack of clarity, tension, feeling of anger and irritability as some of the top mental well-being challenges faced very often by entrepreneurs. Frustration as a feeling is predominantly experienced in family-owned businesses among younger (63%) and older (44%) entrepreneurs. More alarming is the revelation of 8% of younger and 6% older entrepreneurs from family run businesses that suicidal thoughts have crossed their minds at some point during their entrepreneurial journey. Ascent Foundation is a not-for-profit expression of Marico chairman Harsh Mariwala, while MHI is a funding agency for mental health initiatives. The study is based on responses received from 186 entrepreneurs, which is nearly 40% of Ascent’s cohort. “While entrepreneurs may have their personal and individual ways of managing stress, we need to rewire the ecosystem that… Read full this story
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