What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders

This study empirically investigates factors influencing satisfaction levels of founders of new ventures, using a representative sample of 1,107 Dutch founders. We relate entrepreneurial satisfaction (with income, psychological burden and leisure time) to firm performance, motivation and human capita...

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Bibliographic Details
Published in:Journal of happiness studies 2012-04, Vol.13 (2), p.371-387
Main Authors: Carree, Martin A., Verheul, Ingrid
Format: Article
Language:English
Subjects:
Careers
Economics
Education
Entrepreneurs
Entrepreneurship
Happiness
Human Capital
Income
Job satisfaction
Leisure
Motivation
Netherlands
Occupational psychology
Organizational Effectiveness
Personality and Social Psychology
Philosophy
Positive Psychology
Quality of Life Research
Satisfaction
Self employment
Social Sciences
Startups
Stress
Working hours
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Summary:This study empirically investigates factors influencing satisfaction levels of founders of new ventures, using a representative sample of 1,107 Dutch founders. We relate entrepreneurial satisfaction (with income, psychological burden and leisure time) to firm performance, motivation and human capital. Founders with high levels of specific human capital are more satisfied with income than those with high levels of general human capital. Intrinsic motivation and that of combining responsibilities lowers stress and leads to more satisfaction with leisure time. Women are more satisfied with their income than men, even though they have a lower average monthly turnover.
ISSN:1389-4978
1573-7780
DOI:10.1007/s10902-011-9269-3