8 Reasons Why People Become Entrepreneurs
“Life is either a daring adventure or nothing at all” - most entrepreneurs can relate to this quote by Helen Keller which surmises their maverick attitude and the zeal to excel. They are a different lot, who do not believe in the social norms and carve a niche for themselves. They have the drive and the passion for succeeding and creating products and services which surpass the existing ones in the market. These trailblazers are the farsighted risk-takers who make an impact on the society with their revolutionary ideas and unconventional working procedures. From Bill Gates and Steve Jobs to Mark Zuckerberg and Jeff Bezos, the list of pioneers who brought a paradigm shift in their industry is filled with inspiring success stories.
Though entrepreneurship is not everyone’s cup of tea, it surely has captured the imagination of the current generation which wants quick succession in their career. The past few years have seen a surge in the launch of start-ups and people acquiring established businesses for sale in Australia. It is sometimes baffling to see so many people jumping on the bandwagon, but they have their own reasons. Let us take a look at the primary factors that make entrepreneurs choose running a business over working under management.
1. Not Cut Out For Corporate Culture
Certain people are not comfortable in the usual nine to five routine that comes with the same tasks which need to be done over and over again. The monotony and mundane nature of the corporate environment can seem stifling to creative thinkers who are brimming with out of the box ideas. They cannot just sit on their workstations for hours without being productive. Their eccentric ways may get them the usual stares and rants from their reporting managers, but their indomitable spirit does not get crushed. For some reason, aspiring entrepreneurs are never able to adjust in a controlled environment. They need flexibility to operate and perform their best, which makes them turn towards life-changing business opportunities.
2. They Have A Dream
Most budding entrepreneurs have a dream which they want to follow in life. They progress by setting their own goals and finding their working partners to achieve them. They are prepared to handle the challenges and wish to take the business forward independently. They are not good with following orders and cannot perform under a nosy boss. They prefer launching their own business or purchasing an established one to realise their true potential. If you watch some of the best motivational films based on the lives of entrepreneurs, you will get to know about this feeling shared by these remarkable people.
3. They Love Challenges
Making a business succeed with hard work and determination is the challenge that excites most entrepreneurs. They cannot sit on the sidelines while others call the shots. They need to be in control of the situation and enjoy the journey as an adventure. They want to get into projects which are considered risky by others, as they have the confidence to complete them with ease. They like problem-solving and wish to change the world with their groundbreaking business solutions.
4. Have A Knack For Getting Things Done
Some people are born leaders who can motivate others and act as a guiding force to accomplish common goals. They are better at supervision and delegating responsibility rather than working under someone. They need their freedom and flexibility to prosper and let their creative juices flow. They know how to pull together teams of brilliant people and make them put their best foot forward. They are the anchors on whom the entire company depends.
5. They Want To Learn New Things
Learning is the most significant part of a professional’s career. Right from the classroom sessions to on-the-job experiences and training – learning forms the foundation of one’s life. Most entrepreneurs believe in knowledge seeking and keep improving upon their policies and procedures all through their lives. They have a keen eye which spots opportunities at all the places and finds ways of transforming them into desired outputs. They either start from the scratch or buy an existing business to fulfil their need for learning through experience. Unlike their counterparts who may ignore such prospects by labelling them as problems which are not worth the risk.
6. They Want To Become The Masters Of Their Destiny
Entrepreneurs are highly ambitious people who are the architects of great business models. Besides other reasons which make them take up entrepreneurship, finding stability and financial security forms the basis of their career. They do not like the uncertainty attached to corporate jobs and yearn for a better future for themselves and their family. They do not mind investing money initially to bear its fruits later. They are smart investors who want the accolades and rewards for themselves rather than working for someone else. The government also encourages young entrepreneurs through various initiatives as they contribute to the economy in a significant way.
7. They Want To Be Different
Entrepreneurs have a rebellious streak which makes them stand out from the crowd. They want to do things differently and counter the norms. They do not follow the social structure. This famous quote of Steve Jobs sheds light on the same fact – “Everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it. Once you learn that, you’ll never be the same again.” They follow their intuition as they are passionate about changing the status quo. In fact, many have come up with unusual online business ideas that have transformed into major empires. Jeff Bezos started Amazon as an online bookstore, and we all know the history of the e-commerce giant.
8. They Want Recognition And Rewards
They know they are capable of making a difference as they have immense confidence in their abilities and competence. They know from the start that they will make it big. They aim to become a well-known personality and get recognised by people for their contribution to the world. They want to reap the rewards of their hard work and have incredible business acumen which gives them the surety to choose the path which is often considered uncertain.
Some people are born with the talent of being the boss, while others develop it over time. The desire to succeed and make the world take notice of your work is what guides individuals towards their goals. While some are bogged down by their financial problems and lack of support from family, others come out with flying colours by helming a flourishing business empire.