SHOW NOTES:
This week on Fall Back Up, perhaps one of the most important, yet least talked about issues facing entrepreneurs, their own mental health.
I first met Michael DeVenney after he reached out to me to discuss the largest study of its kind, The Mindset Project.
This study resulted in almost 500 survey responses from entrepreneurs engaging on how their entrepreneurship intersects with their mental health.
The results are incredible.
In the study, more than 72% of entrepreneurs questioned if they were getting what they wanted from their company with more than 68% experiencing some form of mental health challenge.
Respondents also indicated that more than 74% faced deterioration of their social life and relationships while 40% found their physical and mental health had suffered after starting their business.
The project has resulted in Devenney's new startup, Nogotopsa, a five-person firm creating analytics of the impact of mental health issues in specific sectors.
Michael is an entrepreneur himself as well as a strategy consultant and investor for other entrepreneurs.
After struggling for years with anxiety and depression, Michael founded The Mindset Project to study the impact their work has on the well being of entrepreneurs
A lifelong learner, Michael holds his ICD.D and CFA and recently completed a degree in Applied Positive Psychology.
He holds degree in business, strategy, and leadership from Acadia University, Michigan State, Villanova and Notre Dame universities.
I spoke with him at his home in Halifax.