Transition from part-time to full-time entrepreneurship: the role of financial and non-financial motives

Part-time entrepreneurship is often a first step towards full-time entrepreneurship. This study analyzes how financial and non-financial motives of part-time entrepreneurs influence the propensity of part-time entrepreneurs to become full-time entrepreneurs. Our results show that the motivation to supplement wage income or the motivation to achieve social recognition is negatively associated with transition behavior, whereas the motivation to achieve independence or self-realization is positively associated with transition behavior. The motivation to follow a role model, financial success, and innovation are not significantly related to transition behavior. The implications of these results with regard to part-time entrepreneurship are discussed.