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Business Challenges: 5 Tips For Deciding To Persist Or Pivot

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I am the CEO, founder, and creative director of Madame Lemy, a luxury, all-natural, sustainable body-care brand. I am passionate about both entrepreneurship and mental health. I regularly speak on these topics to diverse audiences, including as a guest lecturer at the University of Southern California Marshall School of Business.

The excitement of having a lightbulb idea and choosing to start a business can be invigorating. There may be doubts and challenges in the beginning stages, but these pale compared to the difficulties a few years in.

Given the uncertainty of success, it's no surprise that running a business can take a significant toll on one's mental wellness. ARunning a business requires constant problem-solving and managing people. While a certain level of stress and pressure is expected, compromised mental health can be a serious concern. If you are experiencing depression, severe anxiety, and panic attacks, it may be time to reevaluate your path.

Many businesses finance their operations through credit cards, loans from friends and family and bank loans, with a smaller portion having investors. For self-funded businesses, a slowdown in sales or operational challenges that lead to accruing debt can profoundly affect both financial stability and mental well-being.

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