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Business Unplugged™
This blog features Carol Roth's tough love on business and entrepreneurship, as well as insights from Carol's community of contributors.

Many Small Business Owners Suffer With Depression

Written By: Catherine Morgan | No Comments

depression and entrepreneursDepression is something that many small business owners wrestle with. I shared my experiences with depression here on the blog a few years ago. It was one of the hardest things I have ever done.

In “How Entrepreneurs Can Deal With Depression,” Carol’s recent post on entrepreneur.com, Carol interviews Ramon Ray and gets his thoughts and suggestions for working through depression as an entrepreneur. Carol begins:

“One of the last people I would have associated with depression is entrepreneur Ramon Ray, the human spark of energy behind SmartHustle.com. I have hosted panels with Ramon and love his positivity that he shares prolifically via social media videos.

But, when I recently saw that Ray was doing a talk at South by Southwest (SXSW) on entrepreneurship and depression, it reminded me of both how we never really know what is going on behind the scenes, even with people we know well, and how depression is a real and serious issue for so many entrepreneurs.

I decided to reach out to Ray to see if he would share some of his story and tips, and he was generous enough to do so:

What inspired you to do this talk at SXSW?

Ray: There are many awesome talks at SXSW — funding, startups, women, coding and more. However, there are few that speak about the raw challenges, pitfalls, negativity and depression of starting and growing a business. Some weeks ago, I posted on Facebook about my own battles with depression. It generated thousands of views, many comments. I figured it was time to take this important message beyond Facebook and share it at SXSW.

Why do you think depression hits entrepreneurs?

Overall, entrepreneurship has unique challenges. Money, team building, legal issues, product development snafus and more. This causes lots of stress. This stress breads loneliness as we have few people, if anyone, we can turn to for help and to discuss. Our spouses, who should be closest to us, often won’t understand. Our friends already think we’re crazy. Our family wishes we’d get full time employment. And, most of us have a stiff upper lip — a mask that everything is ok.  But, that’s often not the case, so we’re very, very lonely and suffering alone.”

You can read the rest of the post here.

(Editor’s note: If you are interested in more articles on depression and small business owners, I keep a consolidated list here.)

Article written by
Catherine Morgan is the editor of Business Unplugged ™, an engaging speaker, and the founder of Point A to Point B Transitions Inc., a virtual provider of coaching services to individuals who are in business or career transition. Catherine is the author of the eBook Re-Launch You: Discovering Your Point B and Embracing Possibility. An experienced independent consultant and former employee of three of the former Big Five consulting firms, Catherine combines strategy development with accountability coaching. Her productivity tips and career transition advice have been featured on WGN AM 720 and WIND AM 560 The Answer in Chicago, and on WCHE AM 1520 in the Philadelphia area. Catherine speaks frequently on topics related to productivity, career transition, small business, and entrepreneurship. She doesn’t take herself seriously, but takes her subject matter very seriously.