As audience members arrived at the Boston venue this past Monday, we asked the first 50+ who walked through the door to fill out a simple half page form. We wanted to better understand who we were talking to, and what their pressure points or stressors are.

Even though the talk was billed as how entrepreneurs can navigate the emotional and mental rollercoaster, here’s how the first 53 identified themselves:

  • 27 employees of established company
  • 22 entrepreneurs
  • 3 employees of established companies but were also entrepreneurs
  • 1 unknown

It helped to know this in that we could emphasize what is also applicable to business professionals.

THE KEY STRESSORS
On our sheet of paper, we listed 9 causes of stress and asked them to circle their top 3 (a couple people added a stressor). For expedience sake, we kept it simple and these numbers are in no way statistically relevant. Some confirm the obvious; however, a couple interesting things popped out:

  • We all wrestle with self-doubt, so it’s not just entrepreneurs struggling with Imposter Syndrome.
  • We all struggle to achieve work-life balance and finding time for exercise/hobbies, although entrepreneurs suffer more from fatigue.
  • Entrepreneurs worry more about income/finances, which is a significant stressor in life.
  • Employees struggle much more the notion of taking chances. It makes sense of course that entrepreneurs are less risk averse.

The percentage figure is the number of entrepreneurs or employees listing the particular stressor as percentage of total number of individuals in their respective group. For example, 13 of 22, or 60% of the entrepreneurs, circled “lack of work-life balance.”

Entrepreneurs

Employees
lack of work-life balance

59.1%

40.7%

financial/income issues

54.5%

37.0%

self-doubt

40.9%

37.0%

fatigue

31.8%

18.5%

no time for exercise/hobby

27.3%

22.2%

isolation/loneliness

27.3%

18.5%

managing personal relationships

18.2%

22.2%

worried about taking chances

9.1%

44.4%

friction with someone at work

9.1%

7.4%

golden handcuffs

4.5%

0.0%

kids

4.5%

0.0%

By the way (and we’re not getting a kickback for saying this), the IVY folks are fantastic hosts. Clearly, it’s a great network that entrepreneurs should think about joining. Click HERE for the link.