THE PSYCHOLOGICAL AND MENTAL WELL-BEING OF ENTREPRENEURS

Psychological and Mental well-being of entrepreneurs
Abstract: New business ventures enable the growth of the market and create wealth and new jobs. In a developing
country like India, entrepreneurship is important as they are wealth creation and good for the economy.
Therefore, entrepreneurs are the backbone and strength of any economy. Entrepreneurship has witnessed many
start-ups emerging amidst the pandemic and has become successful. The success of any entrepreneurship not
only depends upon the quantity of business, but it also depends upon the personality, and mental and
psychological well-being of entrepreneurs. Mental well-being includes mental, social, and psychological wellbeing,
it determines how we feel, think, believes, and plan based on that. Psychological well-being is your
conscious which includes emotions and personality. Entrepreneurs’ conscious act is based on each individual
behavior, experience, and cognitive perspectives which create values not only for themselves and for the
community. Therefore, it is necessary to focus on the well-being of entrepreneurs as it has a direct impact on the
entrepreneur’s career and growth which in turn reflects on the economy of the county.