Credit: William Fortunato from Pexels
Entrepreneurs are the lifeblood of any innovative economy.
New business creation has been shown to have a significant and positive impact on economic growth, innovation and job creation. But it isn’t easy, and most new businesses fail.
When someone starts a business, they usually aren’t doing it alone—their whole family forms part of the journey. All of them can experience the emotional rollercoaster of entrepreneurship.
This obviously flows in the other direction as well—founders’ personal lives have their own big ups and downs.
Big positive changes in a family—including job promotions, weddings and new babies—and negative changes—such as when someone sadly passes away—can really shake things up for someone trying to start a business.
Yet only minimal research has looked into the extent of these effects on new venture creation.
2024-05-26 07:00:02
Link from phys.org