So why would anyone want to take for your hassles and risks related to becoming an entrepreneur? Well, the 3 main reasons are.
Becoming Your Own Boss:
The lure getting your own boss is one of your 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 number of reasons based on personal circumstances. Some situations 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 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 resistant against 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 that I say perceived is because most small do not work. People must realize that a typical entrepreneur doesn’t make more money compared to working at a traditional job, hence the reasons never dive right in. While it’s not impossible, quite unlikely that you might reach an amount like Larry Page and Sergey Brin (Google), and Jerry Yang (Yahoo). To me, it is rarely a choice to make financial rewards the primary motive for becoming a business owner. While financial incentives are important, it should not be considering for starting a business. Instead, entrepreneurs must posses these three characteristics, that if mastered, allows you to become an exceptional entrepreneur.
The most critical characteristic shared by successful entrepreneurs is passion. These individuals have a massive amount of passion for his or her business and believe that the organization will positively influence our world. A prime example is Sergey Brin and Larry Page. Both individuals have more than enough money to survive for several lifetimes. But instead of retiring any life of luxury, they’re still acting on their passion – Google.
Honestly, you must not become a businessman if you do not have passion for your targeted business. When you are only partially committed back to your business, you won’t survive. With the current economic competitive and dynamic business environment, entrepreneurs must be fully bought working extended hours to protect against competition while continually innovating on services and services that’ll profit the business grow and realise success. Without passion, you’ll succumb to your never-ending demands of business and ultimately fail.
Focus & Tenacity:
To match the never-ending demands of company is also requires focus and tenacity. Entrepreneurs must focus on delivering value to their customers by providing high-quality goods to increase their lives, thus creating a winning situation for every individual stakeholders. In addition, ought to also produce the tenacity to address through setbacks and failures, especially since both are inevitable. Considering that start-ups fail, /photos/photo/419dac34-111b-4f1b-b2ee-59414112f7a8/036700fc-7701-4aef-8adf-052daebcc49d419dac34-111b-4f1b-b2ee-59414112f7a8?s=s entrepreneurs must focus within the end goal and work tenaciously on achieving their mission and vision.