Maintaining well-being amongst Indian entrepreneurs: A positive psychological approach

Pages: 427-431
Keerti Dewal and Satishchandra Kumar (Department of Applied Psychology and Counseling Centre, University of Mumbai, Vidyanagari, Santacruz (East), Mumbai)

With the rise in entrepreneurship and the challenges entrepreneurs have to face, their psychological well-being gets affected. One of the ways in which psychological well-being can be maintained is through psychological capital. The present research seeks to establish the effect psychological capital can have on psychological well-being of small-scale entrepreneurs. For this purpose, a sample of 124 entrepreneurs, from the city of Mumbai were selected. Data was collected using the survey method and was analyzed using the correlation and regression analysis method. Results indicated that psychological capital and psychological well-being have a significant positive relationship such that developing psychological capital can enhance the level of psychological well-being. The core construct of psychological capital was shown to have a greater impact of well-being than each of its components individually. Implications of the study and directions for further research have been discussed.