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 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 number 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 small business venture is to pursue their own ideas, dreams, and passion. While many 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 resistant to 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 simply because most companies do don’t. People must realize that the average entrepreneur doesn’t make cash compared to working at a traditional job, hence the reasons never take the plunge. While it’s not impossible, extremely unlikely 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 operator. While financial incentives are important, it shouldn’t be the important reason for starting a marketplace. Instead, entrepreneurs must posses these three characteristics, in case mastered, will help you become an exceptional entrepreneur.
The greatest characteristic shared by successful entrepreneurs is passion. These people have a massive amount of passion for the business and believe that the organization will positively influence our economy. A prime example is Sergey Brin and Larry Page. Both individuals have more than enough money Where to a register for John Spencer ellis courses survive for several lifetimes. But rather than retiring to a life of luxury, they’re still fixing their passion – Search engines like google.
Honestly, it’s not necessary to become directing his own course if you do not have passion for your targeted business. If you’re only partially committed business, you will not survive. In the modern competitive and dynamic business environment, entrepreneurs must be fully bought working extended hours to defeat competition while continually innovating on services and services that’ll profit the business grow and good results. Without passion, you’ll succumb towards the never-ending demands of your small 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 customers by providing high-quality goods to improve their lives, thus creating a winning situation for several stakeholders. In addition, should also produce the tenacity to fight through setbacks and failures, especially since both are inevitable. Considering that start-ups fail, entrepreneurs needs to focus on the end goal and work tenaciously on achieving their mission and vision.