The Intention of Part-Time Entrepreneurs to Become Full-Time Entrepreneurs: The Role of Financial and Non-Financial Motives

Abstract

Part-time entrepreneurship is often a first step toward full-time entrepreneurship. This study investigates the transition from part- to full-time entrepreneurship. We analyze how financial and non-financial motives of part-time entrepreneurs influence the intention to become full-time entrepreneurs. Our results show that part-time entrepreneurs starting their venture to supplement their wage income have lower transition intentions, whereas part-time entrepreneurs starting their venture to achieve independence or self-realization show higher transition intentions. Following a role model, social recognition, financial success, and innovation as motives do not influence the intention to become full-time entrepreneurs. The implications of these results with regard to part-time entrepreneurship are discussed.