Mental health problems of entrepreneurs during the COVID-19 health crisis: Fear, anxiety, and stress. A systematic review

Abstract

Background: The COVID-19 pandemic has had a global impact, affecting millions of people and causing various symptoms, leading to social distancing, and quarantine measures. This has impacted the global economy, employment, and education, resulting in widespread school and business closures. Entrepreneurs have had to face the difficult decision of whether to continue or pause their operations during the pandemic, which could result in mental health problems such as fear, anxiety, or stress. The primary objective of this research is to identify mental health issues faced by entrepreneurs during the pandemic, including the countries of origin, conclusions, and lessons learned. Methods: A systematic review was conducted in the SCOPUS database, providing 93 initial results that were later filtered, resulting in 18 final records. These records allowed for the identification of scientific evidence detailing the mental health problems that entrepreneurs faced during the COVID-19 pandemic. Results: We found that the COVID-19 pandemic has presented challenges for entrepreneurs, leading to increased stress and burnout. However, some have coped by seeking support, using digital technology, and adopting innovative business models. Entrepreneurship can positively impact well-being by allowing individuals to pursue meaningful work aligned with their values. Effective communication with customers is essential for maintaining businesses and building loyalty. The pandemic has highlighted the need for specialized psychological support tailored to entrepreneurs' unique challenges. Finally, entrepreneurship can address societal challenges with a focus on social impact and sustainability. Conclusion: The COVID-19 pandemic has brought about significant challenges for entrepreneurs, resulting in heightened stress and burnout. Despite this, many entrepreneurs have adapted and coped by seeking support, leveraging digital technology, and embracing innovative business models.