Exploring how experience-based learning impacts hybrid entrepreneurship

Abstract

The rising phenomenon of hybrid entrepreneurship, which is defined as the undertaking of entrepreneurial activities in conjunction with paid work, is the focal point of this study. It is a consequence of a shifting job market. Previous studies have found that businesses started by hybrid entrepreneurs are more likely to survive than traditional ones. This encouraged the undertaking of this study to investigate which mode of entry into business supports the perseverance of entrepreneurial activities and which will be more beneficial in refining and propagating success among entrepreneurs. This study further sought to understand the influence and impact of experiential learning on the different types of entrepreneurs by investigating the ramifications of experience-based learning on each type of entrepreneur. The adoption of an inductive qualitative approach allowed for data to be collected, using semi-structured interviews with a sample consisting of hybrid, traditional, transitioned, and transitioned entrepreneurs. Through narrative inquiry, the entrepreneurial journey and learning experience of each type of entrepreneur were captured. The findings of this research were demonstrated by building a framework which identified three factors that drive experiential learning in the hybrid phase, which include critical events, conducive learning platforms, the industry of work and business activity, and lastly, the background foundation of the entrepreneur. All these factors added together increase the experiential learning of the entrepreneur, thus driving the hybrid entrepreneur to exit the hybrid phase and enter into full-time business. Once in full-time business, a set of new skills and learnings are acquired, which inform the entrepreneur to diversify their business portfolio. This study contributes to the increasing body of knowledge of hybrid entrepreneurship, which brings to light how this type of entrepreneurship results in the longevity of businesses, thus making it necessary to promote and bring awareness to potential business owners.