From self-employed hospitality entrepreneur to paid employee: the motivational factors behind the transition
Andringa, S; Poulston, J; Pernecky, T
MetadataShow full metadata
The New Zealand hospitality industry is characterised by a high rate of business start-ups and closures, especially in small and medium enterprises (Inland Revenue Department, 2011). One reason for this is that many businesses are not financially viable. There are, however, successful hospitality entrepreneurs who are leaving self-employment to return to paid employment. This research presents evidence that some entrepreneurs leave self-employment in favour of paid employment from choice rather than being forced to take this step. Data are derived from interviews and placed into themes by using an interpretive paradigm. As many motivational push and pull factors are identified (family, work-life imbalance, health and stress, age, planned exit, security and stability of paid employment, education, expectations of others, lack of personal and professional development during the operation, and intuition) a diagram is designed to provide a broader overview. It shows entrepreneurs from a larger perspective, and that the exit process is influenced by a combination of factors such as their personal environment, personal goals and personal beliefs, social and economic factors, and the external environment.