| Summary: | Entrepreneurship is associated with stressful situations, as entrepreneurial tasks are associated with income, risk, uncertainty and long working hours. Studies show that perceived stress is related to psychological well-being but the relationship between the two is ambiguous. Although it is widely accepted that stress is a fundamental part of entrepreneurship, there is little research that reveals how stress affects psychological condition of entrepreneurs and how its affects on the well-being and their businesses performances. Carnicer, et al. (2018) revealed that the effect of perceived stress on psychological well-being was shown to decrease if mediated by problem-focused coping. Therefore, this study investigates the role of problem-focused coping on mediating the effect of perceived stress and psychological well-being. Participants of this study were 105 entrepreneurs of small and medium enterprises (SMEs) from various regions in Indonesia. Data were collected using Perceived Stress Scale (Cohen & Williamson, 1988), Brief COPE (Carver, 1997), and Psychological Well-Being Scale (Ryff, 1989). Overall, the findings of this study show that problem-focused coping plays a mediating role in the effect of perceived stress on psychological well-being.
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