Abstract
Hardships are an inevitable part of entrepreneurial experiences. Successful entrepreneurs identify hardships early on and craft effective strategies to overcome them. While previous work in practitioner-oriented and academic outlets has emphasized the significance of resilience in overcoming hardships, entrepreneurs have been left with minimal guidance on cultivating coping strategies that build resilience in response to different types of hardships. In this work, we first provide a typology of hardships that entrepreneurs face. Then, by grounding our work in the resilience literature, we offer a typology of coping strategies. Finally, we offer a list of actionable recommendations by introducing a toolbox of coping techniques entrepreneurs can use to effectively manage different hardships. Our work contributes to a more nuanced understanding of hardships in entrepreneurship research and offers practical guidance on how entrepreneurs can build resilience.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
