Abstract:
Entrepreneurship has been understood by scholars as something magnificent which leads
to a novel economic ecosystem. However, depending upon different streams, different
scholars have understood entrepreneurship in social context, with regards to cognition,
behavior, personality, etc. While there are significant studies in the extant literature that
focus on the bright side of entrepreneurship, there are a few that discuss stress (Alstete,
2008) relating to cognition and behavior (Hmieleski et al., 2008), effects of external
environment resulting in physical fatigue (Burger, 2008), grief (Shepherd et al., 2009), and
entrepreneurship causing health issues (Burger, 2008). With known knowledge of
entrepreneurship’s murky side, the confidence of an individual to pursue his/her
entrepreneurial venture largely depends upon his/her cognition and formative years and
especially the disadvantage, if any, with which he/she has lived through the years that
results in a resilient behavior (Fisher, 2011). Entrepreneurs face obstacles daily and if one
is a disadvantaged entrepreneur, the magnitude increases manifolds (Burt, 2019).
Disadvantage of an individual can stem from various factors viz. natural causes like
earthquake, tsunami, etc., from political turmoil, immigration, race, color, marginalization,
gender and in countries like India where caste system is prevalent, a disadvantaged
entrepreneur might find himself/herself at the helm of it facing social exclusion and
neglect. At the core of this discussion, lies the fact that early experiences of social
exclusion may trigger some individuals to become entrepreneurs and change things around
them (Fisher, 2011). How they start their entrepreneurial journey may have some
connection to entrepreneurial logic of effectual action, and resilience of a disadvantaged
entrepreneur.
