As the economy of the twenty-first century evolves, new entrepreneurial opportunities emerge, resulting in an increase in the number of old and new entrepreneurs putting more effort into growing and developing their professional endeavors.
The pandemic has left an indelible impact on the US economy while negatively impacting many sectors: finance, IT, travel, FMCG, etc. As a result, the GDP shrank at 3.5% yearly, leaving many industries in the doldrums and in a state of uncertainty.
There has been a significant shift in the way businesses are handled and managed since the pandemic. Whether it’s a start-up or a big organization, everyone has constantly been developing new strategies and implementing fresh ideas in order to stay afloat in the market.
Effect on Mental Well Being
We are aware of how challenging it is for entrepreneurs today to manage their internal issues, let alone the challenges that come about with launching a new product or service into a competitive market or keeping the existing one relevant to their customers.
There has been immense pressure on the leadership to maintain sales targets, meet market demand, arrange finances, and handle the workforce apart from family and personal issues. According to the local economic impact report, more than one lakh businesses have permanently shut down owing to heavy losses, and more are on the verge of closing.
These factors lead to increased mental health issues causing depression, anxiety, suicidal tendencies, panic attacks, bipolar disorders, addiction, sleep and eating disorders, anger management, etc.
As per an estimate, over 7 lakh people die of suicide every year in the US alone. Moreover, the cost of treatment and cure of mental health in the US economy was more than $225 billion in the year 2019 and has been on the rise, making it the fourth most prominent cause of death in the country.
These figures and data are alarming and should not be overlooked to restrict the harmful aftermath of this disturbing trend.
Need for Online Therapy
The first and most crucial step is to eliminate the stigma that comes with dealing with mental health concerns. As an entrepreneur, you must recognize that your mental and physical health is critical to your business and personal success.
Instead of making a fake excuse to brush your mental health difficulties under the rug and pretend that nothing is wrong, be proactive and receptive to online treatment to avoid the long-term, irreversible damage that mental stress may do.
Several counseling services like pride counseling are available online and offer therapies to deal with multiple mental disorders and specialize in the LGBT community. You can learn more about pride counseling here and make an informed decision about which service you want to go with.
Benefits of Online Counselling
Did you know that 1 in 4 people would not seek counseling if it weren’t for online counseling services? Therapies provided via online platforms can be highly effective, with many people reporting that they feel its anonymous and independent approach has helped them.
It also permits the patient to confront their hidden fears and insecurities or issues and learn to face them.
Online therapy has proven to be a safe and confidential way of helping entrepreneurs to deal with problems comprising a troubled marriage, interpersonal relationships, family, and professional issues while allowing them to gain self-confidence and improve their communication ability along with reaching out to the world outside.
It is the best alternative way of connecting with a counselor from anywhere. Studies show that online counseling helps increase satisfaction and client retention because it offers flexibility to the client. In addition, it is economical and cost-effective compared to the traditional face-to-face model, which is very expensive.