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 of becoming your own boss is one from 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. Some 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 people 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 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 dollars associated with those perceived opportunities. The reason that I say perceived happens because most small do not work. 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, extremely unlikely you will reach an amount like Larry Page and john spencer ellis biography Sergey Brin (Google), and also Jerry Yang (Yahoo). To me, it’s rarely a good idea to make financial rewards the primary motive for becoming a businessperson. While financial incentives are important, it shouldn’t be the biggest for starting a business enterprise. Instead, entrepreneurs must posses those 3 characteristics, that if mastered, will allow you to become an extraordinary entrepreneur.
The best characteristic shared by successful entrepreneurs is passion. These people have a tremendous amount of passion for his or her business and believe that 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 instead of retiring along with life of luxury, they’re still fixing their passion – Bing or google.
Honestly, you should not become a businessman if you don’t have passion for your own business. When you are only partially committed onto your business, you will not survive. In our current competitive and dynamic business environment, entrepreneurs must be fully committed to working extended stays to battle competition while continually innovating on new products and services that’ll assist the business grow and good results. Without passion, you’ll succumb towards the never-ending demands of your online business 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 consumers by providing high-quality goods to improve their lives, thus creating a fantastic situation for every individual stakeholders. In addition, ought to also carry the tenacity to battle through setbacks and failures, especially since both are inevitable. Since the majority of start-ups fail, entrepreneurs must focus using the end goal and work tenaciously on achieving their mission and vision.