Rethinking the rollercoaster: Resilience and affect in entrepreneurship

Abstract Research Summary The emotional rollercoaster of entrepreneurship is characterized by encounters with challenges that impede venture progress. Consequently, resilience, which is reflected in the ability to maintain functioning through such challenges, has become of particular interest to scholars. Existing research emphasizes the ability of resilient individuals to use positive emotions to overcome challenges. Yet, scholarship has largely overlooked the role of affective fluctuations in resilience processes, which is problematic for entrepreneurs facing the chahighs and lows of venturing. This daily diary study of technology entrepreneurs reveals that those who are more resilient report smaller day‐to‐day fluctuations in their affective state over the course of two working weeks. This finding suggests that theory on self‐regulation may serve as an important key in understanding the microprocesses underlying resilience. Managerial Summary Entrepreneurship is often considered an emotional rollercoaster. For this reason, many entrepreneurs are interested in understanding resilience and its role in managing the ups and downs of business venturing. This research examines the relationship between resilience and fluctuations in affect by studying entrepreneurs over the course of two working weeks, as they confront a challenge in their venture. The results show that entrepreneurs who are more resilient also report smaller changes in affect day‐to‐day. This suggests that entrepreneurs looking to enact resilience may need to turn the emotional rollercoaster of entrepreneurship into a train ride.