Abstract
This study explores the transition from hybrid to full-time entrepreneurship in Pakistan’s high-risk market, with a focus on the motivations, challenges, and strategies involved. While hybrid entrepreneurship has been widely researched, there is limited understanding of how entrepreneurs navigate the shift to full-time entrepreneurship in volatile environments. Through qualitative interviews with hybrid entrepreneurs in sectors such as education and accounting, the study identifies key factors influencing this transition, including financial instability, social support, and innovation. Entrepreneurs often balance the security of formal employment with the uncertainties of entrepreneurship, strategically prioritizing financial stability and leveraging strong social networks before making the leap. This research contributes to the hybrid entrepreneurship literature by emphasizing the importance of adaptive decision-making and social capital. It also provides practical implications for policymakers, educators, and entrepreneurs, suggesting that cultivating robust networks and prioritizing continuous learning can facilitate a smoother transition to full-time entrepreneurship.