Episode 131 - The Mental Health of Entrepreneurs: Breaking the Silence with Michael Devenney

In this episode of The Real Bottom Line, host Wendy Brookhouse welcomes back Michael Devenney for an in-depth discussion on a crucial yet often overlooked topic: the mental health of entrepreneurs. Michael shares insights from his groundbreaking 2017 Mindset Project survey, which revealed that 68.3% of entrepreneurs experience mental health issues, with a depression rate nearly four times higher than the general population.

Michael get into his personal journey with depression, which motivated him to conduct the survey, aiming to uncover whether his struggles were unique or shared by others in the entrepreneurial community. The conversation highlights the deep connection entrepreneurs have with their businesses and how this impacts their mental well-being.

As they discuss the results of the initial survey and the ongoing second survey, Michael and Wendy explore the increased isolation and pressure entrepreneurs face today. They talk about the limited action taken despite growing awareness and the continuous challenges of financial health, growth expectations, and the impact of external factors like the pandemic and geopolitical events.

Michael emphasizes the importance of seeking help through therapy and leveraging online resources, sharing his positive experiences with therapy over the years. Wendy and Michael also touch on practical strategies for entrepreneurs to manage stress, improve mental health, and foster better work environments.

Join us as we break the silence on this vital issue and provide actionable insights to help entrepreneurs navigate the complex landscape of mental health. Visit mindsetproject.ca to participate in Michael's survey and contribute to this essential conversation.

Join us for the Bottleneck to Breakthrough 5-Day Challenge, designed specifically for ambitious and growth-oriented business owners who are feeling overwhelmed and hitting revenue plateaus. In just 60 minutes a day, over the course of 5 days, we will provide you with the blueprint to go from bottleneck to breakthrough by reframing your relationship with time. This challenge will help you break through revenue plateaus, spend more time in your zone of genius, and build a more valuable business – even if you feel like you've tried everything and are time-starved. 

Join the Bottleneck to Breakthrough 5-Day Challenge. Here's what you'll learn each day:
Day 1: Design Your Ideal Day
  • Explore what your ideal day looks like as an entrepreneur and how to allocate your time based on entrepreneurial time rules
Day 2: Unlock Your Genius
  • Shed tasks outside your zone of genius and focus on activities that energize and fulfill you
Day 3: Master Letting Go
  • Analyze tasks and activities, determine their fit in your zone of genius, and understand the cost of holding onto them
Day 4: Leverage Your Time Blueprint
  • Build a step-by-step process to shed undesired or time-consuming activities, explore delegation in a new way, and escape business jail
Day 5: Build Momentum
  • Learn how to execute your ideal day by chunking down activities, overcoming forces of perfection, procrastination, fear, and ego, and amplifying growth drivers for your business.

Creators and Guests

Wendy Brookhouse
Wendy Brookhouse
The Financial Planner for ambitious growth oriented Entrepreneurs
Shaun Whynacht
Shaun Whynacht
I’m the founder of Blue Cow Marketing and father of an amazing little boy. helping other business owners overcome challenges is my passion.
Episode 131 - The Mental Health of Entrepreneurs: Breaking the Silence with Michael Devenney
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