Bridging the Gap: Experiential Learning's Role in Transitioning from Hybrid to Full-Time Entrepreneurship

Abstract

The transition from hybrid entrepreneurship- where individuals maintain part-time employment while nurturing their business ventures-to full-time entrepreneurship presents unique challenges and opportunities. This conceptual paper examines the critical factors that influence the possibility of making the transition from hybrid to full-time entrepreneurship. To develop a more sophisticated knowledge of the dynamic entrepreneurial journey, it is imperative to assess the experience learning that occurs throughout the hybrid phase. To present a conceptual model and related claims, this conceptual paper used secondary data analysis of previously published academic literature, specifically utilizing a thematic analysis. Three elements are identified in the proposed conceptual model as being likely to affect the decision to transition: fear of failure, entrepreneurial competency development and self-efficacy. In this study, hybrid entrepreneurship is demonstrated to be a useful training ground and a route for full-time entrepreneurship. There are three main sources of value in the paper. First, applying an established theory to a novel setting in order to provide a transdisciplinary approach. Secondly, a conceptual model is established, providing statements that are easily connected to theories for further empirical analysis. Third, raising the profile of hybrid entrepreneurship in the literature to promote support and involvement from the public policy sphere.