Entrepreneurs operate in uncertain environments in which there are many demands on their time and attention. Furthermore, they must be able to effectively pursue long-term goals in order to be successful in their entrepreneurial endeavors. This study investigates the self-regulatory factor known as grit – perseverance and passion for long-term goals, and a construct from the field of family systems known as differentiation of self. Structural equation modeling is used to examine the extent to which these constructs, along with subjective well-being, are positively associated with entrepreneurial performance and success. Results indicate that differentiation of self and subjective well-being are positively related to grit, and grit and subjective well-being are positively associated with both career success and firm performance.
Franklin, Rebecca J.
"WHAT LEADS TO EFFECTIVE SELF-REGULATION? ORIGINS AND OUTCOMES OF ENTREPRENEURS’ GRIT,"
Frontiers of Entrepreneurship Research: Vol. 35
, Article 1.
Available at: http://digitalknowledge.babson.edu/fer/vol35/iss4/1