Entrepreneurship is about creating something new and unique. Entrepreneurs often operate in a highly competitive, constantly changing environment that is full of challenges and risks. Therefore, it is important to understand the protective factors for the well-being and performance of entrepreneurs. Research shows that a set of resources under psychological capital can contribute to better subjective well-being and work performance of entrepreneurs. In this research, I wanted to examine the connection between psychological capital and subjective well-being as well as work performance. I was also interested if psychological capital predicts subjective well-being and performance. 165 participants took part in the research, 129 were women and 36 were men. I used three questionnaires - the Mental health continuum - short form, the Psychological capital questionnaire and the Individual work performance questionnaire. The latter two were also translated and validated for the Slovenian entrepreneurs. The collection of results lasted two months via the online application 1ka. The results were analysed in R Studio. The results showed that psychological capital is positively associated with subjective well-being and also predicts it. Optimism and hope proved to be the most important predictors. The results also showed that psychological capital is positively associated with work performance and also predicts it. The most important predictors are self-efficacy and hope. Considering the results of this study and past research, it is evident that psychological capital plays an important role in enhancing positive emotions and life satisfaction, acceptance of oneself and society, and also plays an important role in the successful performance of tasks, behavior in the organization and lowers counterproductive behaviors. By definition, psychological capital is a set of resources that an individual can develop and strengthen, which is why I think it would be beneficial to design interventions that would help entrepreneurs strengthen these resources.
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