Optimism: Too Much of a Good Thing for Entrepreneurs?

.

via bretlsimmons.com:

A recent study examined the relationship between entrepreneurs’ optimism and the performance of their new ventures (Hmieleski, K.M. & Baron, R.A., 2009, Entrepreneurs’ optimism and new venture performance: A social cognitive perspective. Academy of Management Journal, 473-488).  This study of 207 entrepreneurs with an average firm age of 5.7 years found a negative relationship between optimism of the founders and performance of the new venture.  Furthermore, “the negative relationship between entrepreneurs’ optimism and the performance of their new ventures is strongest when entrepreneurs are high in previous business founding experience and lead their firms in dynamic environments” (p. 480).

Join over 320,000 readers. Get a free weekly update via email here.

Related posts:

New Neuroscience Reveals 4 Rituals That Will Make You Happy

New Harvard Research Reveals A Fun Way To Be More Successful

How To Get People To Like You: 7 Ways From An FBI Behavior Expert

Share

Subscribe to the newsletter