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3. Self-control 1. Eudaimonic well-being Fostering emotional
Self-control is a mental process that Eudaimonic well-being refers to an intelligence
helps individuals align their thoughts and individual’s perceived autonomy, self- Entrepreneurship in Canada, both
behaviours with their goals, particularly acceptance, sense of purpose and ability commercial and social, needs to flourish
during periods of adversity. to manage their environment. to help the country meet its sustainable
Self-control is beneficial for commercial The characteristics associated with development goals. For this to happen,
entrepreneurs, as it encourages them eudaimonic well-being motivate Canada should implement strategies to
to be mindful of the strategies needed individuals to make greater contributions build emotional intelligence among its
to keep their goals in line with the ever- to the welfare of others through social entrepreneurs.
changing business environment. entrepreneurship. One way Canada could do this is by
Because self-control is valuable for While the characteristics of eudaimonic investing in programs to monitor, assess
well-being are essential for both types
managing commercial enterprises, of entrepreneurship societies with higher and diagnose ways to improve emotional
societies that have more individuals levels of eudaimonic well-being tend to intelligence among entrepreneurs.
with higher levels of self-control are foster an environment more conducive In addition, given that emotional
more likely to facilitate commercial for social entrepreneurship. intelligence can be developed with
entrepreneurship. training, businesses and innovation hubs
2. Sociability should develop emotional competencies
Fostering social The American Psychological Association among their entrepreneurs.
entrepreneurship defines sociability as the tendency “to Finally, Canada should implement
Our research found two characteristics of seek out companionship, engage in education curriculum focused on
developing emotional intelligence in
societal emotional intelligence are more interpersonal relations, and participate in students to shape their entrepreneurial
social activities.”
likely to foster social entrepreneurship: behaviours. By equipping students with
eudaimonic well-being and sociability. Sociability has three facets: social emotional intelligence skills, Canada will
Social entrepreneurship, as previously awareness, emotional management and nurture a generation of entrepreneurs
mentioned, leads to innovation that assertiveness. It plays a more significant ready to create wealth, tackle social
addresses social issues. role in social entrepreneurship, so challenges and create positive change.
societies with a larger amount of
individuals with this trait are more likely
to facilitate social entrepreneurship.

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