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Fear of Failure and Negative Affect in Early Stage Entrepreneurs: Regulation through Passion

Passion is investigated as a mechanism that regulates fear of failure and its negative affective consequences in the early stages of the entrepreneurial process. We first establish a relationship between fear of failure and negative affect, then use emotion regulation as a theoretical framework to explore how different kinds of passion experienced by an entrepreneur impact the relationship between fear of failure and negative affect. The results suggest a dualistic-regulatory-effect of passion depending on its type. Harmonious passion was found to decrease the influence of fear of failure on negative affect. In contrast, obsessive passion increased the effect that fear of failure has on negative affect. Research and practice implications are discussed.