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UNCOVERING “THE DIP”: WELL-BEING IN ENTREPRENEURSHIP STAGES

Abstract

In this study I compared early-stage entrepreneurs with late-stage entrepreneurs or business owners. I make a case for the need to differentiate entrepreneurship stages in order to gain insights on life situations associated with different entrepreneurship phases. Three hypotheses were developed and tested using data from 2020 participants, 18% of whom report starting or owning a business. The study findings demonstrate that early-stage entrepreneurs have low psychological and physiological well-being in comparison to already established business owners. The study also shows that despite negative effects associated with early-stage entrepreneurship, entrepreneurial activity has some well-being benefits in comparison to non-entrepreneurial type of work.

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