The Analysis of Resilience of Young Successful Entrepreneur

DOI

10.2991/assehr.k.200529.002How to use a DOI?

Keywords

resiliency, young entrepreneur, coping strategy, positive adaptation

Abstract

In running a business, entrepreneurs need to maintain consistency and business continuity. Unfortunately, the number of successful young entrepreneurs in Indonesia compared to those who are unsuccessful is still very small. This study aims to find out the process and factors that construct the entrepreneurial resiliency who had experienced a downturn in business but had succeeded in generating and sustaining a stable business after the downturn. This research was conducted using case study approach with in depth interview as data collection tool. The subjects of this research are two entrepreneurs who had experienced a downturn in business but had succeeded in generating and sustaining a stable business after the downturn. Data analysis used transcript analysis by reading the transcript and identifying themes, coding and interpreting data. Researcher connected meaningful correlations within the data and presented them into comprehensive analysis. The results of the study indicate that the factors that construct entrepreneur resilience are social support, self-regulation, self-efficacy and adaptive coping strategy. The strategic implementation of emotional-based coping especially religious coping, and persistently performing concrete problem-based coping help the entrepreneur in strengthening and developing the business. The results of this research could be used as a reference to increase the resilience of entrepreneurs who experience severe challenges in their business, to be able to get back up for success.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Paramita Pramesti
AU  - Wiwik Juwarini Prihastiwi
PY  - 2020
DA  - 2020/05/04
TI  - The Analysis of Resilience of Young Successful Entrepreneur
BT  - Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019)
PB  - Atlantis Press
SP  - 6
EP  - 11
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200529.002
DO  - 10.2991/assehr.k.200529.002
ID  - Pramesti2020
ER  -