Self-Compassion When Coping With Venture Obstacles: Loving-Kindness Meditation and Entrepreneurial Fear of Failure

Yuval Engel*, Stephany Noordijk, Afra Spoelder, Marco van Gelderen

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

Entrepreneurial fear of failure is a ubiquitous yet aversive experience with critical implications for entrepreneurial action and well-being. To understand how entrepreneurs can effectively cope with fear-inducing obstacles, we hypothesize and experimentally test the extent to which self-compassion, cultivated through Loving-Kindness Meditation (LKM), counteracts entrepreneurs’ fear of failure when facing a threatening venture obstacle. Compared to an active control group, entrepreneurs exposed to a brief guided LKM showed higher self-compassion, which, in turn, was associated with lower fear reactivity. We offer novel contributions to entrepreneurship theory and practice by highlighting the role of meditation and self-compassion in building entrepreneurial resilience.

Original languageEnglish
Pages (from-to)263-290
Number of pages28
JournalEntrepreneurship: Theory and Practice
Volume45
Issue number2
Early online date16 Dec 2019
DOIs
Publication statusPublished - 1 Mar 2021

Funding

We thank the editor Marilyn Uy and three anonymous reviewers for their thoughtful guidance and insightful comments. We are grateful to Melissa Cardon and to participants of BCERC 2018, the 2018 AOM Annual Meeting, and research seminars at the University of Groningen and Eindhoven University of Technology for useful comments on earlier versions of this paper. Declaration of Conflicting Interests The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article. Funding The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: This study was supported by the Netherlands Organization for Scientific Research (NWO) under project number 016.Veni195.133.

FundersFunder number
Melissa Cardon
Netherlands Organization for Scientific Research
University of Groningen and Eindhoven University of Technology
Nederlandse Organisatie voor Wetenschappelijk Onderzoek016

    Keywords

    • coping
    • entrepreneurial fear of failure
    • meditation
    • resilience
    • self-compassion

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