Burnout is a condition caused by stress and exhaustion that can lead to reduced job satisfaction and performance.
Entrepreneurs are prone to burnout because they work longer hours, with 84% of business owners working more than 40 hours per week.
Evidence suggests that entrepreneurs are at higher risk of burnout because they often face isolation, uncertainty, and limited capital.
Passion fuels entrepreneurship, but the type of passion matters. There is “harmonious passion” and “obsessive passion.” Harmonious passion relates to the satisfaction derived from the job. Obsessive passion is about the status or monetary value derived from the job. Entrepreneurs who have obsessive passion are more likely to report being burned out.