Psychological Well-Being as a Personal Development Factor in the Business Environment

   Introduction. The specificity of modern transformations of society makes new demands on the personality of an entrepreneur. It necessitates the ability to maintain one’s own psychological well-being. The personality of an entrepreneur is a key figure in the development of the economic sphere. Therefore, studies of the psychological components of its success are of particular interest.

   Purpose. Conducting a comparative analysis and describing the expression of psychological well-being of respondents with different status of business activity.

   Materials and Methods. 58 respondents-entrepreneurs involved in the field from three to seven years, and 58 respondents who have never been engaged in business activity participated in the study. The sample includes an age range of 30–50 years. For data collection, the “Riff Psychological Well-Being Scale” methodology, adapted by Lepeshinsky, was used. Mann-Whitney U test and Pearson coefficient applied for data processing.

   Results. Respondents-entrepreneurs demonstrated a high level on the scales “personal growth”, “goal in life”, and “management of others”. In the group of respondents who have never been engaged in business activity, the indicators of the same scales are at an average level. A negative correlation was found, characteristic for both groups of respondents, between the indicator of a positive attitude towards others and the number of subordinates.

   Discussion and Conclusion. The role of subjective factors in the formation of psychological well-being in the business environment is emphasized. A person associated with business activity feels capable of realizing their own potential. They are involved in the search for new information, technologies, and ways to improve their own efficiency and quality of the own life. There is a high degree of focus on the completeness of self-realization in real life conditions, the desire to find the optimal model of behaviour that will allow a person to meet social and role expectations and successfully implement
their own ideas, personal and professional potential, while maintaining their individuality.

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