Dr. Cynthia Sherman
Through our research we want to answer the question of: How does an entrepreneur ensure their well-being during a Black Swan event, like COVID-19?
Our preliminary findings involved researchers looking at how entrepreneur’s well-being can be affected by their resilience, emotional intelligence, and mindfulness. In this study, we specifically look at entrepreneurs from the United States and South Africa to assess their entrepreneurial well-being during a Black Swan event. We did this by using a mixed-method approach of sending surveys to identify potential interviewees, then contacting respondents who were open to follow-up interviews. The importance of this study is to make entrepreneurs, organizations supporting entrepreneurs, and entrepreneurial educators aware of how resilience, emotional intelligence, and mindfulness are related to each other and how those factors can affect entrepreneurial well-being.
The continuation of the study will help entrepreneurs understand and develop greater entrepreneurial well-being before and during Black Swan events such as COVID-19. We will be expanding the research from the United States and South Africa to additional countries, to further understanding how people of different cultural backgrounds are affected by, react to, and mitigate the uncertainty and stress of events such as COVID-19. Some of the preliminary results from our research is how people were able to adapt to changes, and how one can improve their resilience through mindfulness practices.
This research is on-going with adapting the survey to better assess resilience, emotional intelligence, and mindfulness during the Black Swan event and how those factors impact entrepreneurial well-being.