E055 - Navigating Mental Health as a Physician Entrepreneur with Larry Sprung

From MD to Entrepreneur with Dr. Pranay Parikh

Being an entrepreneur is a challenging and rewarding journey that requires a lot of hard work, perseverance, and a certain level of risk-taking. However, for physician entrepreneurs, the road can be even rockier, given the added stress of balancing medical practice with the demands of entrepreneurship. Physician entrepreneurs are especially susceptible to mental health episodes, which can affect not only their professional lives but also their personal lives.

Join today’s conversation with Larry Sprung, a mental health advocate for suicide prevention, as we will discuss the importance of mental health for physician entrepreneurs and offer insights on navigating the unique challenges that come with it. In this episode, Larry shares his expertise and tips on detecting signs of a mental health episode in oneself and asking for help from friends and family.

Key Highlights from the Show
[00:01] Episode intro and a quick bio of the guest, Larry Sprung
[01:16] Why everyone needs a mental health check
[03:18] Larry’s background &how he got into entrepreneurship & mental health advocacy
[06:20] The prevalence of suicide among medical professionals
[08:15] Why talks around mental health should not be a stigmatized
[10:41] How can we detect signs of our deteriorating mental health
[13:13] Let your close friends know your warning signs
[14:44] The truth about entrepreneurship that you don’t hear about
[17:23] How Larry combines mental health and financial planning when dealing with clients
[32:22] What Larry wishes to have put more resources into his entrepreneurship journey
[34:02] Best ways to reach out and connect with the Larry Sprung

Notable Quotes

• The medical profession has one of the highest suicide rates that are out there. [06:20]
• We are in an epidemic of loneliness, and not everyone has someone that they can count on. But let your close people know your warning signs. [13:13]
• Entrepreneurship is not a walk in the park. If it were, everybody would do it and be successful. [14:44]
• In most cases, money is the vehicle or tool to get joy in your life. [19:37]

Resources Mentioned

1. Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins: https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765
2. American Foundation for Suicide Prevention: https://afsp.org/

Connect With Larry Sprung

Website: https://www.mitlinfinancial.com/
LinkedIn: https://www.linkedin.com/in/lawrencesprung/
Twitter: https://twitter.com/Lawrence_Sprung
Instagram: https://www.instagram.com/larry_sprung/
Facebook: https://web.facebook.com/LawrenceDSprung/

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