, Volume 13, Issue 2, pp 371-387,
Open Access This content is freely available online to anyone, anywhere at any time.
Date: 05 May 2011

What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders


This study empirically investigates factors influencing satisfaction levels of founders of new ventures, using a representative sample of 1,107 Dutch founders. We relate entrepreneurial satisfaction (with income, psychological burden and leisure time) to firm performance, motivation and human capital. Founders with high levels of specific human capital are more satisfied with income than those with high levels of general human capital. Intrinsic motivation and that of combining responsibilities lowers stress and leads to more satisfaction with leisure time. Women are more satisfied with their income than men, even though they have a lower average monthly turnover.

We are grateful to both referees who helped us to improve our analysis.