After a year of study, the Mindset Project has uncovered three particular traits of the happiest, healthiest and most successful entrepreneurs. This release is three of three, in which the Mindset Project identifies these shared traits and reveals how, if neglected, they can lead entrepreneurs to personal and professional crisis.
Is the current role of the entrepreneur structured for high performance?
The primary reasons entrepreneurs give for starting their own business are the freedom to work their own way and the ability to do something that is personally meaningful. Their drive to achieve is leveraged by impressive degrees of passion, perseverance and self-motivation.
High performance might seem to be a natural result of these goals and traits. In fact, our research through The Mindset Project indicates that entrepreneurs are not achieving their potential in terms of financial results or overall sense of wellbeing.
Five key insights drawn from our survey outline the challenge to the performance of entrepreneurs:
- The entrepreneur’s working environment is one of relentless stress
- Seventy-two per cent of entrepreneurs questioned if they are getting what they want from their business
- Although 73% of entrepreneurs reported a high ability to cope with the stress, 68% of the same entrepreneurs reported facing mental health challenges dating from starting their business
- Seventy per cent of business owners indicated that the stress affected their ability to run their company, 75% said it hurt their social life and 75% said it damaged their relationships.
- Most respondents also identified their sense of self with that of their business. While 32% of entrepreneurs said they completely equated their worth with that of their business, a further 60% felt they mostly derived their sense of personal value from the company.
To learn more, visit the Mindset Project Website here
To read the latest research report, click here