Businessmen warned of health hazard
Tough economy takes toll on entrepreneurs
WITH the number of Indian entrepreneurs growing in a tight economy, experts warn of a risk of depression and death driven by losses in business ventures.
The death of businessman Sunny Gayadin, who allegedly committed suicide, illustrated that more business owners were at risk of taking their lives as depression was more prevalent than believed.
Gayadin, 69, of Pietermaritzburg was laid to rest last week. He was found dead on an open plot of land at the Victoria Country Club, where development was under way.
The pistol used in his death was found next to his body.
Media reported Gayadin had been battling with a medical condition which may have led to him taking his own life. It is believed he suffered clinical depression.
Last year, property developer and Gayadin’s business associate, Prakash “Jack” Maistry, shot himself at his Pietermaritzburg home.
As the number of Indian entrepreneurs increases, Durban North psychologist Rakhi Beekrum said depression could be triggered in business owners under severe stress.
She said: “Due to the tough economy, many businesses have been under strain. To prevent depression taking hold, one needs effective coping skills and accept that financial stability is not guaranteed.”
Beekrum said early diagnosis for depression was essential.
“Signs to look out for are withdrawal symptoms, a loss of interest in hobbies, sadness, feelings of hopelessness, tiredness, irritability, changes in sleep patterns and appetite,” she said.
Beekrum advised that if you suspected someone could be suicidal, you should not leave them unattended and immediately remove any items they could use to harm themselves, including firearms and medication.
Chatsworth-based psychologist, Dr Guru Kistnasamy, said there was an assumption that business owners were comfortable in life and wealthy, but they could be putting on a happy front while feeling emotionally drained.
“The unpredictable profit and loss and stressful competition might cause business owners to become suspicious, controlling and obsessive, leading to depression and suicidal thoughts,” he said.
Kistnasamy advised entrepreneurs to take a break from hunting down the next deal to enjoy the fruits of their endeavours.
He said: “Even if you have billions of rand, you need to have some small goal to give you a kick-start in the morning and that could mean helping someone else to make a difference in your community.”
Business owners might be reluctant to look weak by admitting that they were depressed, but Kistnasamy advised that by approaching a loved one or health professional for help, the seemingly monstrous problems at hand would be easier to handle as you would get to grips with them.
“Depression: Let’s Talk” was the theme at this year’s World Health Day and those in emotional pain were urged to speak out.