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Erscheinungsjahr: 
2025
Quellenangabe: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9444 [Volume:] 28 [Issue:] 3 [Year:] 2025 [Pages:] 618-634
Verlag: 
Sage Publishing, London
Zusammenfassung: 
Well-being is important to entrepreneurs, yet entrepreneurship does not necessarily foster well-being. Stressful work conditions such as venture distress might put entrepreneurs' well-being under pressure. Drawing upon self-determination theory, we investigate the conditions that enhance entrepreneurs' thriving after experiencing venture distress. We test this model on a survey-based sample of 177 entrepreneurs in Belgium who either persisted with their distressed venture or started a new one after their distressed venture had failed. Our findings reveal that personal attributes of self-compassion and learning from venture distress can buffer the potential negative effects of venture distress experiences on entrepreneurs' subsequent thriving. In addition, this protective capacity is not mitigated by the failure of the distressed venture. We further discuss the theoretical and practical implications of these findings.
Schlagwörter: 
Entrepreneurs' well-being
thriving
self-compassion
learning from venture distress
self-determination theory
JEL: 
L26
M13
I31
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