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New research: entrepreneurship boosts well-being

Being an entrepreneur is hard work. On average, most entrepreneurs work longer hours and earns less than non-entrepreneurs. Despite this, the well-being of entrepreneurs is higher than that of non-entrepreneurs.

The study, led by Nadav Shir at the House of Innovation, compared about 250 early-stage Swedish entrepreneurs with 1 600 non-entrepreneurial workers. The results of the study were recently published in the Journal of Business Venturing.

The main part of Nadav's research and teaching concerns the link between entrepreneurship and mental health. More specifically, he investigates how individuals’ well-being is related to entry and persistence in entrepreneurial activities and under what conditions entrepreneurship facilitates personal growth, development, and well-being. In this regard, he examines the self-organizing nature of entrepreneurship with respect to individuals’ innate psychological needs and life aspirations

"The results from our study suggest that the well-being gains from entrepreneurial activities stem, to a great extent, from the freedom and opportunity they grant to organize and exercise agency, which in turn enhances individuals’ learning and competence, and helps them cultivate more meaningful relationships with others”. 

The study was recently commented in Forbes, and the full study can be found by clicking here. TT commented the study in an article that was published in a number of Swedish newspapers, including Svenska Dagbladet and Dagens Industri.

Researchers

Nadav Shirab, Boris N.Nikolaevc, JoakimWincentbde

a. House of Innovation, Stockholm School of Economics

b. Hanken School of Economics

c. Hankamer School of Business, Baylor University

d. Luleå University of Technology

e. University of St. Gallen

House of Innovation Health Entrepreneurship Article Journal Paper Research

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