Entrepreneurship and well-being: Past, present, and future

Johan Wiklund, Boris Nikolaev, Nadav Shir, Maw-Der Foo, Steve Bradley

Research output: Contribution to journalArticleScientific

309 Citations (Scopus)


Entrepreneurship research typically emphasizes firm-level outcomes such as growth and performance. However, people pursue entrepreneurship for deeply personal, idiosyncratic reasons. Therefore, as in other self-organized human pursuits, how entrepreneurship relates to fulfillment and well-being is of utmost importance. In this paper, we provide an overview of the well-being concept, related research, and its connection to entrepreneurship. We define entrepreneurial well-being as the experience of satisfaction, positive affect, infrequent negative affect, and psychological functioning in relation to developing, starting, growing, and running an entrepreneurial venture. We explain this definition of entrepreneurial well-being and review significant developments in our field and the broader field of well-being. Highlights of social, technological and institutional trends illustrate key areas for future research that can enhance our understanding of these phenomena. The eight papers in this special issue focus on entrepreneurial well-being each offering a specific perspective on how scholars can theorize and study the antecedents and consequences of entrepreneurship related to well-being.
Original languageEnglish
Peer-reviewed scientific journalJournal of Business Venturing
Issue number4
Pages (from-to)579-588
Number of pages10
Publication statusPublished - 22.01.2019
MoE publication typeB1 Journal article


  • 512 Business and Management
  • Entrepreneurship
  • Entrepreneurial well-being
  • Self-employment
  • Happiness
  • Subjective well-being
  • Eudaimonic well-being
  • Positive and negative affect
  • Life satisfaction
  • Health


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