Faculty of Management Research Workshop; Benjamin Warnick, Washington State University
THE DANGERS OF TRANSFORMING A HOBBY INTO A BUSINESS: HOW AND WHY OBSESSIVE PASSION ENHANCES VENTURE PERFORMANCE AT THE EXPENSE OF ENTREPRENEURIAL WELL-BEING
BENJAMIN JOSEPH WARNICK, WASHINGTON STATE UNIVERSITY
Hobbyists-turned-entrepreneurs hope to make a living doing what they love by founding a hobby-based venture. Yet, many find that attempts to monetize their craft leads to burnout. In this article, I explain how and why the transformation of a hobby into a business is likely to produce venture performance at the expense of entrepreneurial well-being by building a dynamic model that integrates psychology’s distinction between obsessive and harmonious passion and the entrepreneurship literature’s distinction between craft and entrepreneurial passion with job demands-resources theory.
Dr. Benjamin (Ben) Warnick is an Assistant Professor of Entrepreneurship and Strategic Management at Washington State University. He received his PhD in Entrepreneurship from the Kelley School of Business at Indiana University. His research interests center around the motivations and passions of entrepreneurs with a focus on entrepreneurs who use entrepreneurship as a vehicle to pursue their passions.
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