COVID-19: entrepreneurs also live in distress

The mental health of Canadian entrepreneurs is worrying, with a survey showing that 39% of them are depressed at least once a week and 64% have less energy or are tired.

This is what we learn from a probe carried out by the Business Development Bank of Canada (BDC), the results of which were unveiled on Friday.

For 29% of respondents, mood fluctuates according to good days and bad days.

Entrepreneurs undoubtedly have the ability to bounce back, as 64% of respondents say they are still adapting to the context of COVID-19.

On the other hand, the situation is less encouraging for women entrepreneurs, people from visible minorities and entrepreneurs whose activities are interrupted or slowed down, in particular because of measures imposed by the authorities. These three groups experience even more distress than the others.

Entrepreneurs, we learn, are especially worried about not making a profit (43%) and covering their expenses (40%).

To ventilate and do themselves good, they go out or take a walk (47%), exercise (41%) or confide in relatives (29%).

“Last year, BDC made a commitment to increase awareness of the mental health and well-being of entrepreneurs, in addition to supporting the health of their business,” said Annie Marsolais, Chief Marketing Officer and Ambassador of mental health at BDC.

“By digging deeper into this topic and working with experts and partners, we can help end the stigma associated with mental health issues,” she continued. We want to make entrepreneurs feel comfortable talking about it and know where to turn for help. ”

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