PETALUMA, Calif., Nov. 19, 2018 /PRNewswire/ -- Entrepreneurship is a journey filled with excitement, trials and tribulations, risks and, of course, stress. As the founder and leader of a business, so much rides on the entrepreneur's shoulders to make the right decisions and lead the company toward positive growth. One would think with the pressures entrepreneurs face that their well-being would suffer greatly, however, the opposite appears to be true. A new study out of Sweden has suggested that entrepreneurship, while stressful, actually grants key psychological benefits that contribute to an entrepreneur's overall well-being. Brandon Frere, successful entrepreneur and founder of Ameritech Financial and other ventures, believes the self-determination entrepreneurship offers boosts well-being at the end of the day.
"Entrepreneurs are incredibly self-driven people," said Frere. "Being the one at the wheel is stressful at times, but the satisfaction it brings is completely worth it."
Past studies have suggested that the emotionally demanding and uncertain nature of entrepreneurship has detrimental effects on an entrepreneur's well-being. The new study drew from the perspective of self-determination theory, which states that people have three innate psychological needs (competence, relatedness and autonomy) that allow for optimal functioning, well-being and growth once fulfilled. Researchers compared 250 early-stage entrepreneurs with close to 1,600 non-entrepreneurial workers; they found the entrepreneur group had greater psychological well-being and life satisfaction as a whole. They also found the freedom and opportunity the entrepreneurs had to exercise their own agency enhanced their individual learning and competence while helping them develop more meaningful relationships with others. In addition, the researchers found that entrepreneurial employees had higher well-being than non-entrepreneurial workers, but to a lesser extent than entrepreneurs. They hypothesized the difference may be due to entrepreneurs being limited by organizational routines and having their work being overseen by higher management.
"At the end of the day, I'm doing what I love and I'm doing it my way," said Frere. "Yes, there's risk. Yes, there's stress. But I feel completely fulfilled; I wouldn't have it any other way."
About Brandon Frere
Brandon Frere is an entrepreneur and businessman who lives in Sonoma County, California. He has designed and created multiple companies to meet the ever-demanding needs of businesses and consumers alike. His website, www.BrandonFrere.com, is used as a means of communicating many of the lessons, fundamentals and information that he has learned throughout his extensive business and personal endeavors, most recently in advocating on behalf of student loan borrowers nationwide.
As experienced during his own student loan repayment, Mr. Frere found out how difficult it can be to work with federally contracted student loan servicers and the repayment programs designed to help borrowers. Through those efforts, he gained an insider's look into the repayment process and the motivations behind the inflating student loan debt bubble. His knowledge of the often confusing landscape of student loan repayment became a vital theme in his future endeavors, and he now uses those experiences to help guide others through the daunting process of applying for available federal repayment and loan forgiveness programs.
SOURCE Brandon Frere