Start up Founders 50% more likely to suffer from a Mental Health Condition by Daniel Tannenbaum

(image: John schnobrich- Unsplash)

A recent article in Forbes highlights that entrepreneurs and startup founders are 50% more likely to have a mental health condition than an average employee or member of the public. 

Running a startup is very stressful and there is a lot on the line, including your name, reputation and finances. The article highlighted that being an entrepreneur can lead to ‘self-doubt, imposter syndrome, loneliness and burnout.’

In a survey conducted, it showed that only 25% of startup CEOs have some kind of executive coach or therapist to help them overcome their daily anxieties and stresses – suggesting more support is needed to help those entrepreneurs manage the stress of running a high-risk venture.

Mental wellbeing is an important factor for any startup founder, Forbes continues. The levels of stress and anxiety can shape one’s creativity, productivity and ingenuity. Taking care and managing your stress will preserve your talent and innovation and help you to become the best leader possible.”

Daniel Tannenbaum, co-founder of startup news site TechRound and a partner at short term lender Pheabs, explains:

“Startup founders and entrepreneurs are often taking on a huge risk financially, with hopes that they can raise enough money, grow a large company or exit for huge sums.”

“In the short-term, this means taking a financial pay cut, working significantly more hours with the hope that their proposition becomes established and successful.”

“But the process can be incredibly stressful. For example, a lot of startups do not really make money until they exit or are bought out, so regardless of how many hours you work in the first few weeks, months or years, your financial position does not necessarily change. Bear in mind, that you might be missing crucial time with your family, loved ones or you are not fully present in the room because you ‘cannot switch off.’”

“Running a startup is a huge financial risk and there is always going to be someone better funded and getting more PR. So don’t sweat, just do it for enjoyment.”

“Meanwhile, it can be soul destroying to see other competitors in your space or people you know getting massive PR, large funding rounds or sales – and you can really start to doubt yourself and feel like you’ve hit a wall. It becomes a horrendous spiral of jealousy, anxiety and doubt, whilst you have been underpaid and overworked for too long.”

“More than 50% of startups fail, yet it doesn’t stop people creating them, and new businesses being created daily.”

“But I think before you get into a startup, it is important to manage your expectations and understand your vision.” explains Tannenbaum

“You might need to look at this like, ‘I am going to work hard for 3 to 4 years and then reassess if it does not work out.’”

“And also, you just have to do it for enjoyment,” he concludes. “After all, running a startup means that you are calling the shots, not having a boss and being able to hire who you want. So if you can enjoy the everyday part of running a business and a startup, that’s great, and if you happen to make a lot of money, well even better!” 

Daniel Tannenbaum is the co founder of start up news site Techround

The Link Between Debt & Mental Health

  • There is a correlation between debt problems and poor mental health
  • Over half of the UK adult population were in debt in 2020
  • In addition to mortgages, there is an increasing volume of people with personal debt including overdrafts, credit cards and loans

Debt Problem in the UK

It is no secret that the events of the coronavirus pandemic hit the economy hard. By the end of the 2020/2021 financial year, the public sector net debt was around £2,142 billion, equating to around £32,000 per person in the United Kingdom. 

When breaking this down at an individual level, research from money.co.uk revealed that 63% of the UK adult population (around 27 million) were in debt in 2020. 

According to data from December 2020, the average debt for UK males was £11,581; even higher than the average debt for women which was £7,016.

Around 9 million people across the UK reported personal debt anywhere between £2k – £10k whilst nearly a fifth of respondents revealed that their debt was in excess of £10K.

What Type of Debt Do Britons Have Most of?

Of this 27 million in debt, around 5 million owe more than £10k in credit and loans. According to the poll, the most common form of debt was credit card debt  – 38% of respondents reported that they had a balance payable.

The average credit card debt was just under £3k and men, on average, owed £300 more than women.

As well as credit card debt, a large proportion of the population have a mortgage debt, with the average UK mortgage debt of 2020 equating to £137,934. 

Causes of Personal Debt

When we think about debt, it is easy to think about excessive or extravagant spending. However 40% of those polled said that their personal debt was a result of normal living expenses. A further 19% and 18% claimed it was due to holidays and luxury items, respectively.

63% of 16-64 year olds living in the UK entered 2021 with a form of personal debt, excluding mortgages. These include bank overdrafts, credit cards and personal or payday loans.

Cause & Effect of Mental Health and Debt

There is a clear correlation between mental health and debt though what is less clear is the cause and the effect. Reports suggest that one in two adults with debts have a mental health problem. Additionally, one in four people with a mental health problem is also in debt.

It has been widely reported that people with mental health problems are also likely to be in financial trouble, for a range of reasons including cognitive issues, inability to work or lack of ability to track finances. The statistics suggest around one in five people with mental health problems are in problem debt. Similarly, people with mental health problems are over three times more likely to be in this kind of financial trouble than people without mental health problems.

Debt’s Negative Impact on Mental Health

However, what comes first? Those who find themselves in debt are more likely to suffer a negative impact on their mental health. According to a 2010 study by the Royal College of Psychiatrists, around half of UK adults in problem debt are also suffering from poor mental health. This label encompasses everything from diagnosed mental health disorders to cases of anxiety and low moods.

A wealth of research suggests that those in debt have higher rates of mental health problems than those who are free of debts. This includes anxiety, depression and even thoughts of suicide. Other common problems as a result of this are digestive problems, headaches, weight gain and disrupted sleep.

Where You Can Get Help

There are many resources available to help those struggling with their mental health as a result of financial problems. Shelter, the Debt Support Trust and Citizens Advice Bureau all offer a free advice service. National Debtline also offers free impartial advice to help get you out of debt, with the option of remaining anonymous.

Mind Charity can help people improve their mental health by offering specific practical tips on money management. Additionally, Step Change is a charity set up to help those in financial problems manage their finances and create a comprehensive debt management plan or individual voluntary arrangement.

The Benefits of Seeking Mental Health Support and Help.


(image: Pinterest)

When it comes to our mental health, it can feel like a good idea to keep our feelings in. However, talking about your thoughts and worries is extremely powerful. Seeking the right advice, whether it be from a friend or a professional, can help you achieve better mental wellbeing. For those who worry about speaking up about their issues, here are five reasons why you should. 

Find the best solution

Whatever you are dealing with, speaking to an expert or a friend may help you find the best solution. There is no use in being left in the dark and not working on it. The issue may never be resolved if you avoid talking about it. 

For instance, you may have been in a recent accident on the road and worry about who to talk to to get the help and compensation you need. It will be best to seek advice from your local car accident attorneys to ensure you can overcome the issue and find the best solution. 

Peace of mind

Those dealing with feelings of stress or anxiety can benefit from seeking the right advice to know that they are not alone. There are millions of people worldwide that deal with these emotions. Although you may feel alone, seeking advice will help you understand you are not and can be supported.

Speaking up to a friend or expert can give you peace of mind and continue with life with less weight on your shoulders.

 

Save you time

You may need advice for financial reasons or legal issues from an expert. Instead of trying to resolve the issue yourself, you can ask an expert to deal with the issue of concern for you. You will get the best result and save you time.

Life can be too short to waste time. Thus, always seek advice when you are spending too long trying to resolve an issue. 

Build up confidence

Seeking advice can also make you more confident to confide in friends or experts in the field in the future. If you are someone who often tries to deal with issues alone and feels stressed, or doesn’t find an ideal solution, then start asking for help. You will save time and reduce stress whilst building up the confidence to ask for help on a more regular basis.

Improve your wellbeing

Whatever you are asking for advice on, from finances to mental wellbeing, you will be able to improve yourself. You may feel happier or acquire knowledge that you did not know before. Thus, you can feel happier and better informed. 

Even if the advice you receive leaves you with one small tip, that one tip could help you resolve the issue if it is recurring. Or, you can offer advice to someone else and help them when they require assistance. 

The next time you question whether it is worth asking for advice, think back to these tips and reassure yourself.

Samaritans Helpline: 116 123 (UK)

This article was written by a freelance writer .

Can You Still Get Health Insurance Cover if You Have a History of Mental Illness?

If you have had a mental health problem, you may find it challenging to get suitable health insurance cover. 

Reports show that 1 in 4 in England will experience some sort of mental health problem each year, while in 2017 mental health was also revealed as the most common cause of claim in the UK for income protection policies.

While mental health conditions may be slightly harder to pin down when compared to physical health conditions, health insurers are becoming more and more aware of the need for cover for those with mental illnesses.

However, for those with existing mental health issues, you may experience a few challenges along the way to finding a cover that’s best suited to your needs. Below is a list with some of the limitations you may face when applying for health insurance with a history of mental illness.

You May Struggle to Find Insurance That Covers Your Existing Health Conditions

While the reason you’re wanting to take out health insurance may be related to your mental illness, you may find that certain insurers won’t cover you for pre-existing medical conditions – these pre-existing medical conditions also including the problems you experience with your mental health. 

Either this or they may also put restrictions in place regarding the times they’ll cover your mental health problems and the times they will not. 

You May be Assessed as “High-Risk” 

If you have a pre-existing mental illness, insurers may deem you to be a “high-risk” customer. This means that the insurance company believes that by insuring you they’ll be more likely to have to pay out for a claim.

When considered as a “high-risk” customer, the insurance company may refuse to cover you, or charge you a higher premium – either way adding to the hurdles of finding insurance cover when you have a history of mental illness. These issues can come up even if you have had issues with your mental illness in the past and are now recovered from them.

The Cost of Insurance Could Go up if Your Mental Illness Prevents You From Working

If your mental illness prevents you from working, you may not be able to get the chance to explain this in the insurance application process. Insurers may simply ask you if you are employed or unemployed, with the choice of “unemployed” sometimes increasing the cost of your premium. Rather than applying with an insurer directly, you may benefit from using a price comparison site or use an insurance broker to help you get a number of viable cover options, the best pricing and value for money.

Things to Consider When Applying for Health Insurance With a History of Mental Illness

Getting health insurance that best meets your needs when having a history of mental illness can be tricky. Once size will simply not fit all for those with such a history. Therefore, it’s important to have a checklist of things to consider when exploring your cover options, only giving time to those who meet your criteria. 

Below is a list of some of the top things to consider when applying for health insurance with a history of mental illness:

  • Will any personal medications you take for your mental illness be covered in the plan? 
  • Does the policy include therapy sessions, and if so what is the cost limit for sessions?
  • Will the policy offer guided online therapy and self-help services to help me manage my mental health? 
  • Do I get in-patient mental health treatment included in my policy? 

Before reaching out to insurers, it’s best to draw up a list like this to pinpoint exactly what you need from a health insurance plan, as this will help to filter your search when finding cover that’s the most appropriate for you and your healthcare needs.  

We are a Top 10 UK Mental Health Blog 2021- Thanks Vuelio!

It is such an honour to be included as a Top 10 UK Mental Health Blog by Vuelio for the 4th year running! Vuelio is a social media company that compiles lists yearly based on data .

It feels truly wonderful for our blog to be recognised at No 7 and also to see my friends Anneli Roberts and Cara Lisette on their too with their blogs!

Well done everyone.

Thank you Holly and all at Vuelio!

What is the Connection between Mental Health and Addiction by Jennifer at Mandala Healing.

(image: Unsplash)


Everyone has their own mental health. But people who are addicted to drugs, alcohol, or any other substance abuse are more prone to develop mental illness. While on the other hand, individuals who have mental illnesses are also more prone to developing drug, alcohol, or substance addiction. 

People struggling with addiction and mental health problems have complained about the co-occurring disorder. However, it can be tough to identify which one is the primary. A mental health diagnosis, such as clinical depression, can undoubtedly worsen an individual’s problems with addiction. Similarly, a person experiencing addiction may find that their mental health declines as their use grows. 

If these conditions are left untreated, then co-occurring disorders can lead to a nasty cycle of repeated addiction and worsens mental health symptoms. To overcome addiction and mental health issues, professional care is necessary at a rehab center like Florida Addiction Treatment

But before that, it is vital to understand the relationship between addiction and mental health when looking for help for yourself or a loved one. Because both addiction and mental health diagnoses are chronic medical conditions, they can be treated and managed with the right and approachable treatment while they cannot be cured. 

Understanding the Link Between Mental Health and Addiction:

You might wonder if mental illness can cause addiction or if addiction creates the perfect storm leading to mental health problems. However, in most cases, it is rarely clear which one manifested first. 

Addiction to drugs and alcohol or any other substance can occur due to people self medicating if they suffer from any mental health disorder. Self-medicating with addiction in times of crisis may provide temporary relief at first. But it may help you feel more comfortable connecting with your peers or boost your confidence. However, this is part of the danger of the link between mental health and addiction. 

Continued use is hazardous and develops the risk of addiction. What you look at as a remedy to your problem can quickly put you on a brutal cycle of misuse and abuse. 

Long-term use of addiction often produces side-effects such as anxiety and depression. Taking addictive substances alters your brain chemistry, and extended use of it only increases your chances of developing mental illness. 

People coping with these specific mental health conditions are more likely to get addicted to drugs or alcohol (but not in every case)-

  • Major depressive disorder
  • Anxiety disorders
  • Personality disorders
  • Bipolar disorders
  • Post-traumatic stress disorder (PTSD)
  • Attention-deficit hyperactivity disorder (ADHD)


Potential Causes of Co-Occurring Disorders:

Addiction and mental health issues can occur because of many factors; however, some potential causes may involve genetics, age, and environmental factors. 

  • Genetics or family history-

Genetics can play a critical part in the evolution of both addiction disorder and mental condition. It has been studied that genes contribute to many health issues.

As genes are passed down from generation to generation, the family history of a disorder is also a strong indicator. Autism, ADHD, bipolar disorder, major depression are all examples of conditions that can be spread through your genes. 

  • Environmental factors-

However, you don’t have to have the genes for a particular disease, which does not mean that you will develop the condition. The environment plays a key role in how their genes are expressed. 

High-stress environments, trauma, physical or sexual abuse can also contribute towards a co-occurring disorder. Looking at your friends and family engage in dangerous behavior like addiction can also play a key factor. People likely to follow the examples of those they are close with. When your close ones behave poorly, you may be more likely to as well. 

  • Age-

Exposure to certain things during teen years can also be an element. Being offered drugs or alcohol at an early age can also contribute to addiction and possibly mental illness. Since at an early age, the brain is still in the developing stage. Developing a mental health illness at an early age may also make you more susceptible to addiction. 

Treatment for Mental Illness and Addiction: 

The best treatment for both disorders is an integrated approach, where both the substance abuse problem and the mental illness are treated together. Whether your mental health or addiction problem came first, long-term recovery depends on getting treatment for both the disorders by the same treatment provider. 

Treatment for mental health may include medication, individual or group counselling, self-care measures, lifestyle change, and peer support.

Addiction treatment may include detoxification, managing withdrawal symptoms, behavioral therapy, and support groups to help maintain sobriety. 

How to Reach for Help and Not Be Ashamed.



It’s unfortunate that even in 2021, there is still a stigma around admitting you need help. There’s a lot of lip service paid to the fact that mental health is important and should be destigmatised in society, but some people react by being a little detached when someone goes through an episode.

That said, there are some norms we can all benefit from discussing and hopefully setting as standard. For one, admitting for help, or simply asking for it, should not be considered something you do when you’re at rock bottom only. It should be a question we can all ask, or an admission we can all make, without feeling like less of a person for it.

Of course, it’s not always easy to do this, because it means giving up the ghost and becoming more honest with yourself, which can sometimes be a painful and quite dizzying process. What does this mean in practice? Let’s discuss that, below:

Consider The Scope Of The Issue

It’s good to consider the scope of the problems you face and to define them. Sometimes, you may need psychologists to help you untangle that issue. However, sometimes it’s best to consider what issues are having the most effect on your life. This might involve a bad habit, or toxic relationships, or just feeling unwell. When you can define the issue, you can begin to find a recovery path or a necessary step forward.

Speak To Someone You Trust

Speaking to someone you trust can be the most effective method of measuring yourself, and of feeling that support when you need it. Sometimes, you might want this person to come with you to seek professional help, or perhaps you just need to get something off your chest. No matter if it’s a family member, a friend, a boss, or even an impartial volunteer listening at the other side of an appropriate charity phone line, being able to articulate the problem in itself can be very freeing.

Find Professional Help

It’s all very well and good to use positive thinking and to recognise that you may need some assistance, but unless you take that step, it’s hard to make progress. From considering talking therapy to speaking to a Doctor, or simply letting your boss know that you’ve been struggling and you may need some extra support at this time, finding the help you need is as important as admitting you need it.

Don’t be afraid to contact a number of professionals to see if they’re suitably assisted to help you. This gives you the highest chance of recovery and to be aided in our struggles, which is something we all deserve from time to time.

With this advice, we hope you can feel more empowered to say you need help when you really do need it.

This article was written by a freelance writer.



Helplines:
Samaritans Uk 116 123

April News: Moving to our First Home and Mental Health.

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(image: Unsplash)

And so we are coming to the end of another month. This month has been amazing but also so busy. I can’t wait until Rob and I get to go away on holiday somewhere in the UK- we need to book somewhere (hopefully with my Body Shop commission!). My friend suggested Cornwall but who knows! Just somewhere nice to relax, maybe the Cotswolds, Broadstairs, Devon…love the beach and having lazy days in the sun.

Something really exciting has been happening- we exchanged on our first home (!) last week and we will be completing and moving very soon! Everything is really hectic and I need to find time to declutter, sell or gift my excess of books and throw away/give to charity extra items. I have lived at my Mums for the past 8 years and I have a lot of stuff here! We are moving to a flat so I have many things I can’t bring.

Thats the great thing too about my work, is that it is flexible and I can take time out when needed to move and sort everything out and my team are so understanding. But thanks to my amazing customers, its also busy. Sometimes I feel I should escape to a spa and last night I did a home spa with my favourite Coconut products. Ahh bliss, I felt like I was in Barbados!

I find that this type of self care really improves my mental health and relaxation, trying to get enough sleep..

Moving is said to be one of the most stressful life events and I think we will do it gradually. Our families have been storing things for us in Buckinghamshire, Essex and here in North London, so we need to go and collect it all!

I have found that my anxiety is still a bit high at times, but that I am getting there slowly. Its about making sure I don’t overdo it and I reach for support or a therapy session when its needed. Rob is great at supporting me with things too.

(image: Unsplash)

Once we have moved in, I will write another update! Until then I am going to try and stay sane and not drown under a mountain of boxes! All so exciting and I cant wait to unpack our engagement and wedding gifts and use them after nearly 2 years!

Love,

Eleanor

x

6 Tips To Stay Positive This Year and Help Mental Health.

(image: Unsplash: : Alysha Rosly)


With the weather starting to warm and the Covid-19 vaccination rollout in full effect, the light at the end of the tunnel is shining bright. After a long and difficult year, things are starting to look up but if you’re finding it difficult to put the past behind you, you’re not alone. A year of social distancing and mask mandates has taken its toll, but the good news is with a little intentionality you can turn your attitude around to take full advantage of what the new year has to offer.


Here are six simple tips to help you stay positive this year.

1. Be grateful for what you have.

Even when it seems like everything is going wrong, there’s always something to be grateful for – you just have to learn how to see it. Cultivating an attitude of gratitude is a simple first step to take toward a more positive outlook. Start by jotting down a few things in a blank notebook or journal that you are thankful for each day. Over time, it will become second nature to recognize the good things in your life and you’ll find yourself spending less time focused on the negatives.

2. Maintain positive connections with others.

Spending the last year social distancing and self-isolating has been hard on all of us, but there are still ways you can stay connected with others. Cultivating positive relationships and distancing yourself from toxic people can go a long way in helping you stay positive. Look for opportunities each day to make someone else smile, especially when you’re feeling down yourself. It’s the simple things like making someone’s day that can turn your attitude around the quickest.

3. Set goals to keep yourself moving forward.

Over the past year, we’ve all been stuck in a state of suspension waiting for Covid numbers to decline so we can get on with our lives. If feeling stuck is getting you down, set a few goals for yourself to create the feeling of moving forward. It doesn’t have to be anything major, either. Make an effort to include exercise in your weekly routine or make a commitment to connect with a friend or loved one at least once a week. Each time you accomplish a goal, the self-satisfaction will motivate you to reach the next.

(Image: Unsplash: Sydney Rae)



4. Acknowledge and adjust negative self-talk.

While you’re working on cultivating an attitude of positivity, the biggest obstacle you’ll have to overcome is in your own mind. We all have a running dialogue of self-talk going through our heads on a day-to-day basis and that inner voice is incredibly influential on your attitude and outlook on life. If your inner voice is constantly negative, your attitude will be too. Consider taking a mental health day to relax and refresh so you have the energy to start acknowledging negative self-talk and, more importantly, to start working on turning it around.

5. Start each day with a positive affirmation.

The biggest challenge you’ll have to overcome in creating a more positive outlook is defeating your own negative thoughts. You’ve probably heard the saying “fake it until you make it,” and sometimes that’s exactly what you will have to do. Begin each day with a positive affirmation and you may just find it becomes easier each day to keep the positivity train rolling.

6. Seek support and help when you need it.

We could all use a little support now and then, and there’s nothing wrong with asking for help. If you’re trying to improve your outlook and take on an attitude of positivity, a lot of the work will be internal. That being said, however, having someone to help guide you through the process or to simply act as a sounding board can be invaluable. Whether you’re struggling to overcome anxiety, dealing with depression, or just looking for advice, a counselor or therapist could provide the help you need.

Though you may not be able to control every detail of your life, you can control your attitude. How you respond to challenges shapes your outlook on life and choosing positivity can make all the difference. Take what you’ve learned here to make this year the best one yet. 


This article was written by a freelance writer.

Feel Less Trapped In Your Life with these Powerful Ideas.

(image: Unsplash)


Feeling trapped is a common sensation that many people experience as they go through life. Their reality is one particular way, but they would like to be another. 

People can feel trapped for all sorts of reasons. It could be a mental health issue or substance abuse problem. But it could also be a job, relationship, debt or some other life circumstance.

In this post, we take a look at some of the things you can do to feel less trapped in your mind. . 

Focus On What You Can Do

When considering changing their lives, most people focus on doing the most challenging tasks first. They want radical change immediately. But then they worry that they won’t be able to follow through with it. And that means that nothing changes. 

Here’s some wise advice: focus on the things that you can do, not the ultimate goal. Start with something small and manageable and then build from there. 

Focusing on what you can do actually empowers you. We can all do something to make our lives different. So beginning something small can help a great deal. 

Look For The Positives

Sometimes you can feel trapped because all you can see are the negatives. The recent pandemic is a good example of this. People haven’t been able to move around in the usual way, and many have cabin fever. 

But the various lockdowns have also been an opportunity. At no other time in history has a government told people to stay at home. So, for many, it’s been a unique opportunity to rethink their lives and how they see themselves. 

There are always silver linings in every situation, especially the most challenging. The task is to use this energy to grow!

Get Professional Help

Today, there are all kinds of professionals who can help you feel less trapped. Doing hypnotherapy online,for instance, can help take away panic and fear that many people experience when living lives they don’t want. 

Getting professional help can also introduce you to positive relationships in your life. Many people, for instance, report that the relationship they have with the therapist is the first healthy one they ever have in their lives. On one level, that’s sad. But on the other hand, it can also be liberating. 

Focus On Making Yourself Better

Self-improvement isn’t just a buzz word – it’s something that you can achieve, especially when you feel trapped in a situation. Many people evolve towards the belief that there’s not much they can do to remedy their problems. But that’s not true. That’s just an example of negative thoughts dominating their approach to life. 

You can actually turn things around for yourself by starting with your emotions. Guided meditations, for instance, can help you reconnect with your fundamental sense of being and reduce feelings of anxiety. 

Feeling trapped is a common experience. But, fortunately, there are multiple ways that you can break out of it and get the life you want


This article was written by a freelance writer