Addiction and Entrepreneurship
The Dark Side of Entrepreneurship: Can You Be Addicted to the Lifestyle?
Could one become addicted to the idea of being an entrepreneur?
Countries vary in terms of how their people view entrepreneurs and entrepreneurship as a career path. In some places, entrepreneurship may be viewed negatively or associated with corruption. However, the prevailing view of the entrepreneur in Western Media is the heroic entrepreneur meme.
These figures are often portrayed as outsiders who manage to disrupt incumbencies and are associated with ideas such as democracy, freedom, and liberty.
The Rise of the "Wantrepreneur"
Perhaps the positive view of the practice has led to entrepreneurship becoming a desirable pursuit for individuals searching for a lifestyle and character to identify with. These types of individuals have been given names over time including:
- The "Wantrepreneur"
- The Veblenian Entrepreneur
- The "Untrepreneur"
These labels refer to individuals who pursue entrepreneurship not with true innovative intentions, a desire to solve a problem, or to satisfy a need—but solely for the look and lifestyle.
The Science of Addiction
Interestingly, a recent study examining the dark side of entrepreneurship (Spivack & McKelvie, 2021) shows that entrepreneurship can become an addiction. The long hours and repeated trials of the entrepreneur can lead to destructive addictive behaviours.
The study highlights several specific symptoms:
- Obsessive thoughts
- Withdrawal/engagement issues
- Self-worth struggles
- Tolerance
- Neglect and negative outcomes
Watch: The Psychology of Entrepreneurship
Source:
Spivack, A. J., & McKelvie, A. (2021). Measuring addiction to entrepreneurship. Journal of Business Venturing Insights, 15, e00212.
