The Process of Resiliency of Young Entrepreneur in Indonesia
(a) Paramita Pramesti (b*) Wiwik Juwarini Prihastiwi
a) Faculty of Psychology
Muhammadiyah University of Surabaya
Surabaya, Indonesia
Ppramest[at]gmail.com
b)Faculty of Psychology
Muhammadiyah University of Surabaya
Surabaya, Indonesia
wiwikprihastiwi27[at]fpsi.um-surabaya.ac.id
Abstract
In running a business, entrepreneurs need to maintain consistency and business continuity. Unfortunately, the number of successful young entrepreneurs in Indonesia compared to those who are unsuccessful is still very small. This study aims to found out the process and factors that construct the entrepreneurial resiliency who had experienced a downturn in business but had succeeded in generating and sustaining a stable business after the downturn. This research was conducted using case study approach with in depth interview as data collection tool. The results of the study indicate that the factors that construct entrepreneur resilience are social support, self-regulated, self-efficacy and adaptive coping strategy. The strategic implementation of emotional-based coping especially religious coping, and persistently performing concrete problem-based coping help the the entrepreneur in strengthening and developing the business. The results of this research could be used as a reference to increase the resilience of entrepreneurs who experience severe challenges in their business, to be able to get back up for success.
Keywords: resiliency, young entrepreneur, coping strategy, positive adaptation
Topic: Psychology