The SAGE Handbook of Organizational Wellbeing is a comprehensive and cutting-edge work providing the latest insights into a range of perspectives on organizational wellbeing, as well as highlighting global wellbeing issues and exploring new contexts. Topics covered include: digital working and social media, LGBTQIA+ identifications and work, suicide at work, refugee workers, and mental health. A multi- and inter-disciplinary work, this handbook embraces ideas and empirical work from a range of fields including psychology, business and management, economics, and science. This handbook draws together current knowledge whilst also outlining emerging issues and directions, making this an invaluable resource for students and researchers spanning a wide array of disciplines. Part 1: Theoretical Perspectives; Part 2: International Issues and Contexts; Part 3: Developing Organizational Wellbeing; and Part 4: Emerging Issues and Directions.

Chapter 14: Entrepreneurs’ Psychological Wellbeing

Entrepreneurs’ Psychological Wellbeing

Entrepreneurs' psychological wellbeing
Anne-Kathrin Kleine Antje Schmitt

Introduction

Entrepreneurship may be understood as the creation of a new venture (e.g., Gartner, 1988) and the occupational choice of working self-employed for that business (e.g., Gorgievski and Stephan, 2016). By exploring and exploiting innovative products and services and creating new jobs, entrepreneurs contribute to both economic growth and the breakthrough of services and goods that fulfill social needs (e.g., Wiklund et al., 2019). In light of the crucial role entrepreneurs play in a country's economic and societal development, supporting entrepreneurial activities by fostering positive and limiting negative impacting factors of entrepreneurial wellbeing should be of high general interest.

Entrepreneurial wellbeing has been defined as ‘the experience of satisfaction, ...

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