So why would anyone want to take on the hassles and risks associated with becoming an entrepreneur? Well, the 3 main reasons are.
Becoming Your Own Boss:
The lure of becoming your own boss is one belonging to the primary reasons people become entrepreneurs. Rather than 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 variety of reasons based on personal circumstances. A few examples include being laid-off, or being frustrated with corporate structures or the lack thereof.
Realizing Ideas, Dreams, and Passion:
Another reason people start their own small 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 begin their own business because their previous employers were towards 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 is because most companies do don’t. People must realize that the regular entrepreneur doesn’t make funds compared to working with a traditional job, hence why many never take the plunge. While it’s not impossible, extremely unlikely that you reach a quantity like Larry Page and Sergey Brin (Google), and Jerry Yang (Yahoo). To me, it is rarely a good idea to make financial rewards the primary motive for becoming a business owner. While financial incentives are important, it should not be comprehend for starting a employment. Instead, entrepreneurs must posses easy tips characteristics, if mastered, allows you to become a unprecedented entrepreneur.
The best characteristic shared by successful entrepreneurs is passion. These people have a tremendous amount of passion for your business and believe that the organization will positively influence our environment. A prime example is Sergey Brin and Larry Blog page. Both individuals have more than enough money to survive for several lifetimes. But rather than retiring with life of luxury, they’re still acting on their passion – Search.
Honestly, john spencer ellis orange county it’s not necessary to become an entrepreneur if you do not have passion for your own business. If you’re only partially committed to your business, you won’t survive. With the current economic competitive and dynamic business environment, entrepreneurs must be fully bought working hard to defeat competition while continually innovating on new products and services that’ll help the business grow and thrive. Without passion, you’ll succumb towards the never-ending demands of company is and ultimately fail.
Focus & Tenacity:
To match the never-ending demands of firm also requires focus and tenacity. Entrepreneurs must focus on delivering value to their clients by providing high-quality goods to strengthen their lives, thus creating a winning situation for every individual stakeholders. In addition, should also let the tenacity to address through setbacks and failures, especially since both are inevitable. Considering that start-ups fail, entrepreneurs would be wise to focus around end goal and work tenaciously on achieving their mission and vision.