International Attention for Study of Entrepreneurship and Well-Being

Johan Wiklund, Al Berg Professor of Entrepreneurship at the Martin J. Whitman School of Management, recently completed his appointment as a Fulbright Distinguished Professor in Entrepreneurship and Innovation at RMIT University in Melbourne, Australia. The main purpose of this appointment was to conduct research. Based on his great interest and prior research regarding entrepreneurship and mental health, he conducted a study about entrepreneurship, self-care and well-being.

“Entrepreneurship can be very demanding and stressful, and it is easy to overlook self-care such as exercise, meditation, healthy diet and getting sufficient sleep,” said Professor Wiklund. “Self-care is particularly valuable for
those that are psychologically vulnerable, such as those with mental disorders.
At the same time, however, they are actually less likely to engage in positive self-care and more likely to instead turn to things such as drugs and alcohol to deal with stress and pressure. This all has implications for their wellbeing, their functioning within their companies, and ultimately performance. This is the essence of my research.”

The first research of its kind in Australia, Professor Wiklund said it was well received in the entrepreneurship community. He currently is analyzing the initial data from the more than 1,200 entrepreneurs who took his survey and is considering replicating the study in other countries and expanding on data collection. His next goal? Establish the first research center devoted to entrepreneurship and well-being.