An exploratory study examined the job and life satisfaction of a sample of 32 female entrepreneurs residing in the tri-state area of Maryland, Pennsylvania, and West Virginia. To compare the entrepreneurs' concepts of life and job satisfaction to those of women in more traditional occupations, researchers also studied a sample of 32 female nursing supervisors from three hospitals in New Jersey and Maryland. The researchers administered the work, people, and pay scales of the Job Description Index (JDI) to both groups. While the entrepreneurs scored higher than the nursing supervisors on the work and people scales of the JDI, they scored lower on the pay scale. In addition, the entrepreneurs scored higher than the nursing supervisors on the global measures of job and life satisfaction, although the mean differences on these items were not significant. Based on their findings, researchers called for additional research to arrive at more definitive statements concerning the nature of relationships between job satisfaction and life satisfaction among entrepreneurs. More specifically, they suggested that future research efforts use a larger sample of female entrepreneurs, employ a measure to screen for success, and utilize a longitudinal approach. (MN)