What Motivates An Entrepreneur To Start A Business

What Motivates An Entrepreneur To Start A Business – Are You Motivated?

So what motivates an entrepreneur to start a business? The list is as long as your arm but here are the top reasons.

Hi Trish Davies here and today I want to cover what motivates an entrepreneur to start a business.

Starting your own business can be exciting, challenging and overwhelming all at the same time. Depending on your personal situation, it could also feel like an uphill struggle with little prospect of reward.

If you are thinking about taking the plunge into self-employment, it’s important that you understand what motivates an entrepreneur to start a business. It is not something that everyone will feel prepared to take on.

You need to be sure that this is something that you want to do, as well as risk capital in order to do so. With so many different people starting businesses every day, it’s important that you understand exactly why someone would do this and not another job.

Because let’s face it there are plenty of other jobs out there if you so desire them. Let’s take a look at some of the reasons why someone might choose to start their own business:

What Motivates An Entrepreneur To Start A Business – You Want Creative Control 

If you want creative control over your work, then entrepreneurship is definitely the way to go. You will be able to shape your work day to day and week to week as you see fit.

This can be extremely rewarding and satisfying, but also incredibly challenging if you don’t have the right personality. You need to be able to be flexible and adaptable to change.

In addition, it’s important that you don’t mind working long hours and weekends to get the job done. You’re not going to have a set schedule like you would in a 9-5 job.

You will have to learn how to work around your business’s demands, even if they come up at the same time as your family’s needs.

You Want To Be Your Own Boss 

One of the things that most entrepreneurs love about their jobs is that they are their own boss. They are able to do things their way and set their own schedule.

There are no supervisors breathing down their back, watching their every move or questioning their decisions.

You need to be aware that entrepreneurship does not mean that you will never have a boss again. There will be investors, customers and suppliers that you need to answer to.

However, what entrepreneurship does do is give you the opportunity to be the boss that you want to be. You can set your own goals and decide on your own terms what needs to be done to meet them.

You can also hire and fire employees as you see fit, within the law of course. There is no one above you to appeal to if you feel that your needs are not being met.

You Want To Resolve A Problem Or Meet A Need 

This is when you find yourself thinking ‘why hasn’t anyone thought of this before?’. Many entrepreneurial ideas come from pinpointing a problem in the marketplace and then deciding to solve it.

You have found yourself asking ‘why isn’t there a product like this already?’ and decided that you want to make it happen. This is a very rewarding path to go down.

Not only will you be making a useful product, but you will also be helping others and being rewarded for your hard work. You will also be able to work at your own pace and set your own hours.

This is a good path to go down if you are the type of person who likes to take things slow and steady. You don’t need to rush out and start a business overnight. Instead, you can take your time and research your idea thoroughly before taking the plunge.

You Feel You Have A Great Product Or Service 

If you have a product or service that you are confident in, then entrepreneurship could be the best option for you. You will be able to dedicate your time to marketing your product or service and getting it in the hands of as many people as possible.

You will need to be prepared to put in long hours and work on weekends, especially at the start of your business. Also you will need to prepare for some set-backs and failure.

Not everything that you try will go according to plan. This is a good path if you are an ambitious person who is prepared to work hard to reach your goals. You will need to have a lot of confidence in your product or service in order to be successful.

This is a good path for people who like to work alone. While you can hire employees, they may not be as dedicated to your business as you are.

You Have Confidence In Your Ability To Succeed 

If you have confidence in your ability to succeed, then entrepreneurship could be the right path for you. You will be able to take calculated risks, knowing that you have done everything in your power to minimize the risk and maximize the reward.

You will also be able to take feedback and criticism on the chin. This can be a good path for people who like working on their own. While you will be able to hire employees, you will need to set the tone and lead by example.

You will also need to be prepared for some failure and set-backs. Not everything that you do will go according to plan. You will need to be able to assess your situation and learn from your mistakes.

This is a good path for people who are highly self-motivated. You will need to be prepared to put in a lot of hours and work weekends. You will also need to be prepared to deal with criticism, learn from it and move on.

What Motivates An Entrepreneur To Start A Business – Conclusion 

Starting your own business can be exciting, challenging and overwhelming all at the same time. However it can be extremely rewarding both financially and giving you a sense that you make a difference.

On my website you will discover many entrepreneurship opportunities. If you would any further information then please feel to reach out and contact me here.

Trish Davies

Trish Davies International