Resilience, optimism, and entrepreneurial well-being: a review and research agenda

Abstract

This study investigates the relationship between entrepreneurship and well-being, contributing to the debate in the literature as to how entrepreneurship relates to resilience, optimism and well-being. While existing studies acknowledge that entrepreneurship contributes to economic indicators like GDP growth and employment, they seldom explore its direct impact on well-being. By reviewing literature on entrepreneurial versus non-entrepreneurial thinking and their effects on well-being, this paper identifies that entrepreneurial thinking promotes well-being through increased income, self-employment, and financial security. However, it remains unclear how entrepreneurial thinking directly targets well-being. The study emphasises the need for future research to explore how entrepreneurial mindsets help individuals perceive and respond to daily challenges and adversity positively, ultimately enhancing their fulfilment. This investigation aims to expand the scope of entrepreneurship research to include psychological well-being, thereby contributing to a more comprehensive understanding of entrepreneurship's impact on human welfare.