Addiction Theory of Entrepreneurship

Could one become addicted to the idea of being an entrepreneur? Countries vary in terms of how their people view entrepreneurs, and entrepreneurship as a career path. In some places, entrepreneurship may be viewed negatively, or associated with corruption.

However, the prevailing view of the entrepreneur in the Western Media is the heroic entrepreneur meme. These are often outsiders that manage to disrupt incumbencies and are associated with ideas such as democracy, freedom, and liberty.

Perhaps the positive view of the practice has led to entrepreneurship becoming as a desirable pursuit for individuals searching for a lifestyle and character to identity with.

These types of individuals have been given names over time including the "Wantrepreneur", Veblenian Entrepreneur or "Untrepreneur".

These labels refer to individuals who pursue entrepreneurship not with innovative intentions, or a desire to solve a problem, or to satisfy a need--but solely to live the lifestyle.

Interestingly, a recent study examining the darkside of entrepreneurship suggests (Spivack & McKelvie, 2021) that entrepreneurship can become an addiction, and the the long hours and repeated trials of the entrepreneur can lead to destructive addictive behaviors. They address "obsessive thoughts, withdrawal/engagement, self-worth, tolerance, neglect, and negative outcomes".

Source:

Spivack, A. J., & McKelvie, A. (2021). Measuring addiction to entrepreneurship. Journal of Business Venturing Insights, 15, e00212.