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How Satisfaction with Running Business and Private Life Are Related to Small-Business Owners’ Subjective Well-Being

Author

Listed:
  • Filip Fors Connolly

    (Umeå University)

  • Ingemar Johansson Sevä

    (Umeå University)

  • Tommy Gärling

    (University of Gothenburg)

Abstract

This study examined how satisfaction with aspects of running the business as well as satisfaction with aspects of the private life are related to small-business owners' subjective well-being (SWB). Measures were obtained of both life satisfaction (LS) and emotional well-being (EWB) to investigate possible differences. Questionnaire data from a survey of small-business owners (n=614) showed that in the business domain LS is associated with satisfaction with revenues, EWB with satisfaction with customer and employee contacts, and both LS and EWB with satisfaction with working time. In the private life domain, LS is associated with satisfaction with family and economy and EWB with satisfaction with leisure. Overall, LS has a stronger association than EWB with satisfaction with aspects of private life, while the associations with satisfaction with business aspects are equally strong.

Suggested Citation

  • Filip Fors Connolly & Ingemar Johansson Sevä & Tommy Gärling, 2024. "How Satisfaction with Running Business and Private Life Are Related to Small-Business Owners’ Subjective Well-Being," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 19(1), pages 351-364, February.
    • Handle: RePEc:spr:ariqol:v:19:y:2024:i:1:d:10.1007_s11482-023-10246-0
    DOI: 10.1007/s11482-023-10246-0
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    References listed on IDEAS

    as
    1. Filip Fors Connolly & Ingemar Johansson Sevä & Tommy Gärling, 2021. "The Bigger the Better? Business Size and Small-Business Owners’ Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 22(3), pages 1071-1088, March.
    2. Andreas Knabe & Steffen Rätzel & Ronnie Schöb & Joachim Weimann, 2010. "Dissatisfied with Life but Having a Good Day: Time-use and Well-being of the Unemployed," Economic Journal, Royal Economic Society, vol. 120(547), pages 867-889, September.
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    4. Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur A. Stone, 2006. "Would You Be Happier If You Were Richer? A Focusing Illusion," Working Papers 77, Princeton University, Department of Economics, Center for Economic Policy Studies..
    5. Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur A. Stone, 2006. "Would You Be Happier If You Were Richer? A Focusing Illusion," Working Papers 77, Princeton University, Department of Economics, Center for Economic Policy Studies..
    6. Filip Fors Connolly & Tommy Gärling, 2022. "Mediators of Differences Between Employed and Unemployed in Life Satisfaction and Emotional Well-being," Journal of Happiness Studies, Springer, vol. 23(4), pages 1637-1651, April.
    7. Laura M. Little & Bret L. Simmons & Debra L. Nelson, 2007. "Health Among Leaders: Positive and Negative Affect, Engagement and Burnout, Forgiveness and Revenge," Journal of Management Studies, Wiley Blackwell, vol. 44(2), pages 243-260, March.
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    10. Wiklund, Johan & Nikolaev, Boris & Shir, Nadav & Foo, Maw-Der & Bradley, Steve, 2019. "Entrepreneurship and well-being: Past, present, and future," Journal of Business Venturing, Elsevier, vol. 34(4), pages 579-588.
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