So why would anyone want to take throughout the hassles and risks having becoming an entrepreneur? Well, the 3 main reasons are.
Becoming Your Own Boss:
The lure getting your own boss is one of the primary reasons people become entrepreneurs. Regarding working for someone else, these individuals prefer to follow their ambition of starting their own firm. Overall, people decide to become their own boss for a regarding reasons based on personal circumstances. Some situations include being laid-off, or being frustrated with corporate structures or the lack thereof.
Realizing Ideas, john spencer ellis blog Dreams, and Passion:
Another reason people start their own home based business venture is to pursue their own ideas, dreams, and passion. While a lot of us share similar desires, only a few individuals actively work on realizing their entrepreneurial goals. When asked, many entrepreneurs stated that they were somewhat forced to start their own business because their previous employers were from ideas, change, and innovation. Rather than let their desires simmer, these individuals consistently focused and worked at bringing their ideas, dreams, and passion to fruition through entrepreneurship.
Last, people become entrepreneurs to reap the financial rewards associated with those perceived opportunities. The reason why I say perceived happens because most companies do fail. People must realize that a typical entrepreneur doesn’t make more compared to working with just one traditional job, hence the reasons never dive right in. While it’s not impossible, it’s very unlikely that you’ll reach an even like Larry Page and Sergey Brin (Google), or even Jerry Yang (Yahoo). To me, it’s rarely a good idea to make financial rewards the primary motive for becoming a businessman. While financial incentives are important, it shouldn’t be the main reason for starting a employment. Instead, entrepreneurs must posses those 3 characteristics, that if mastered, will help you become a unprecedented entrepreneur.
The best characteristic shared by successful entrepreneurs is passion. These people have a major amount of passion for the business and believe their organization will positively influence our human race. A prime example is Sergey Brin and Larry Piece. Both individuals have more than enough money to survive for several lifetimes. But rather than retiring any life of luxury, they’re still repairing their passion – Search.
Honestly, it’s not necessary to become an entrepreneur if you do not have passion for an business. If you are only partially committed business, you won’t survive. In our competitive and dynamic business environment, entrepreneurs must be fully committed to working hard to protect against competition while continually innovating on new products and services that’ll profit the business grow and succeed. Without passion, you’ll succumb towards never-ending demands of your small and ultimately fail.
Focus & Tenacity:
To satisfy the never-ending demands of firm also requires focus and tenacity. Entrepreneurs must concentrate on delivering value to consumers by providing high-quality goods to increase their lives, thus creating a winning situation for everyone stakeholders. In addition, they must also let the tenacity to battle through setbacks and failures, especially since both are inevitable. Because most start-ups fail, entrepreneurs will most likely always focus within the end goal and work tenaciously on achieving their mission and vision.