So why would anyone want to take on the hassles and risks related to becoming an entrepreneur? Well, the 3 main reasons are.
Becoming Your Own Boss:
The lure of becoming your own boss is one of the primary reasons people become entrepreneurs. Associated with 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 home based business venture is to pursue their own ideas, dreams, and passion. While many 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 start out their own business because their previous employers were protected 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 is they most small businesses do lose. People must realize that the regular entrepreneur doesn't make more money compared to working that has a traditional job, hence why many never take the plunge. While it's not impossible, really unlikely you reach an amount like Larry Page and Sergey Brin (Google), and Jerry Yang (Yahoo). To me, it's never a good idea to make financial rewards the primary motive for becoming a businessperson. While financial incentives are important, it shouldn't be considering for starting a business. Instead, entrepreneurs must posses these characteristics, if mastered, can assist you become a unprecedented entrepreneur.
The single most important characteristic shared by successful entrepreneurs is passion. Him or her have a tremendous amount of passion for their business and john spencer ellis brain training believe that their organization will positively influence our human race. A prime example is Sergey Brin and Larry Blog page. Both individuals have more than enough money to survive for several lifetimes. But instead of retiring to a life of luxury, they're still fixing their passion - Bing.
Honestly, nobody become operator if you certainly passion for your very own business. If you're only partially committed business, you won't survive. In our current competitive and dynamic business environment, entrepreneurs must be fully specializing in working long hours to defeat competition while continually innovating on services and services that'll profit the business grow and realise success. Without passion, you'll succumb towards never-ending demands of your business and ultimately fail.
Focus & Tenacity:
To fulfill the never-ending demands of firm also requires focus and tenacity. Entrepreneurs must concentrate on delivering value to buyers by providing high-quality goods to increase their lives, thus creating complete situation for everyone stakeholders. In addition, ought to also have the tenacity to fight through setbacks and failures, especially since both are inevitable. Will certainly start-ups fail, entrepreneurs will most likely always focus around end goal and work tenaciously on achieving their mission and vision.