PERFECTIONISM, SOCIAL COMPARISON AND HAPPINESS IN YOUNG ENTREPRENEURS

Abstract

This paper aims to assess the relationship between perfectionism, social comparison, and happiness in young entrepreneurs. This correlational study used a purposive sample of 90 entrepreneurs (70 women; 20 men; Mage=25.44 years; SD=6.47) from different cities in Pakistan via an online survey. It was hypothesised that there is likely to be a significant relationship between perfectionism, social comparison, and happiness in young entrepreneurs. It was also hypothesised that perfectionism and social comparison are likely to predict happiness in young entrepreneurs. A biodata form was used to gather demographic information. The measures included the Multidimensional Perfectionism Scale to measure overall perfectionism, Social Comparison Scale to assess the self-perceptions during social comparison, and Oxford Happiness Questionnaire to measure personal happiness. The descriptive statistics were computed for demographic variables. Further, reliability analysis was employed to determine the questionnaire’s psychometric properties including mean, standard deviation, and Cronbach alpha. Pearson Product Moment Correlation Coefficient and Regression Analysis were computed. The results indicated perfectionism to be negatively correlated with happiness and social comparison was positively related to happiness. Furthermore, regression analysis showed that social comparison is more likely to predict happiness in young entrepreneurs. The present study can be helpful for not only young entrepreneurs but also for counsellors, educational institutes, and workplaces to provide awareness about the influential relationship between the three phenomena as it may have far-reaching implications on the progress of entrepreneurship in Pakistan.