Abstract
Hybrid entrepreneurship—pursuing a venture while maintaining paid employment—can enhance or undermine well-being. Based on a longitudinal, qualitative study, we identify two dis tinct trajectories shaped by envisioned future selves: delayed entrepreneurial gratification with cumulative strains on well-being, and present gratification with supportive effects on well-being. Drawing on role identity theory, we theorize how role internalization and identity centrality relate to the well-being experiences of hybrid entrepreneurs and introduce gratification and rationalization as ways to handle strains on well-being. Our findings offer a deeper understand ing of the divergent well-being experiences in hybrid entrepreneurship. Keywords hybrid entrepreneurship, role identity, well-being, gratification
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