Entrepreneurs takes major financial risks, work long hours and practically torture themselves trying to stay afloat and build a business from the ground up. If you think about it, itโs a downright harrowing ordeal. Why would anybody want to go through with it? Itโs because, despite the hardships of the experience, there are nuggets of joy and satisfaction that can be derived from it and, at the end of the tunnel, if youโre committed enough, itโs gives ”SUBSTANTIAL REWARD” Those nuggets and rewards are different for everybody,but if you analyse it carefully.HERE are five main motivations that drive most entrepreneurs;
1. MONEY: You can deny it all you want, but the vast most entrepreneurs get into the game at least partially because of the potential to make lots of money. This isnโt exactly true, but any dedicated entrepreneur with a good idea and great timing can make a lot more money than they ever could in a traditional office/work position. Thereโs nothing wrong with pursuing money, but if the allure of wealth is the only thing driving you, you risk becoming frustrated if you donโt make profit in the first few years.
2. CONTROL: The desire for control drives many entrepreneurs who aspire to attain a leadership position. When youโre the boss of your own organisation youโll get to call all the shots, from who gets hired and at what salary to what new strategic directions your business goes to.
3. FLEXIBILITY:ย Some entrepreneurs venture outย
on their own because theyโre tired of the demands of traditional work. In a high-level position, the demands are exceptional, working long hours, catering to the whims of your bosses and clients, and being stuck in the same old rut of responsibilities. Being your own boss in the worldย ofย entrepreneurship frees you from those restraints.
4. LEGACY: Some entrepreneurs arenโt in it for the money or the experience as much as theyโre in it for a lasting legacy. They might want to become the face of a brand and earn a taste of fame along the way, they might want to leave behind something that appreciates them and they might even want to pass the business on to the future generation. So they want to create something meaningful thatโs going to outlast them. This motivation is one of the strongest for entrepreneurs.
5. TEAM WORK: youโll get to pick the skill sets, talents and personalities you want to work with, and youโll never have to worry about working on a team that you donโt like or canโt be productive with. In some ways, your companyโs team will be like your family, Just remember that no family lives without occasional disagreements.
BY STEPHANIE ERDOO HEMEN