“The Impact of Socio-Cultural Demands and Resources on Entrepreneurial Well-Being: Exploring the Moderating Role of FOMO”

Abstract

This study examines the impact of socio-cultural demand and resource factors on entrepreneurial well-being, a complex interplay of fear of missing out (FOMO). A research instrument was developed and implemented on a sample of 273 entrepreneurs who were engaged in different entrepreneurship activities in India. The study employed a cross-sectional design with a non-probability technique to gather data. The collected data were subjected to descriptive statistics and structural equation modeling using SMART-PLS (Version 4). The study demonstrates the significant impact of workload and social toxicity on organizational well-being, highlighting the deleterious effects of excessive work demands and the intriguing potential resilience boost from social toxicity. Social support is considered a crucial buffer against these stress factors and increases well-being. However, fear of missing out (FOMO) increases the negative effects of workload and social toxicity but does not influence the relationship between time pressure and well-being. This study specifically aims to determine how these factors collectively influence well-being and highlights the moderating role of FOMO. This approach advances the understanding of the psychosocial dynamics that influence entrepreneurs, with implications for targeted support and interventions.