So why would anyone want to take on the hassles and john spencer ellis family risks related to becoming an entrepreneur? Well, the 3 main reasons are.
Becoming Your Own Boss:
The lure getting your own boss is one on the primary reasons people become entrepreneurs. As compared to 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 examples 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 office venture is to pursue their own ideas, dreams, and passion. While a lot of us share similar desires, only a not everyone actively work on realizing their entrepreneurial goals. When asked, many entrepreneurs stated that they were somewhat forced to begin their own business because their previous employers were resistant against 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 is simply because most companies do lose. People must realize that a typical entrepreneur doesn't make cash compared to working with just one traditional job, hence the reasons never make the leap. While it's not impossible, quite unlikely that you'll reach a quantity like Larry Page and Sergey Brin (Google), also Jerry Yang (Yahoo). To me, it is rarely a choice to make financial rewards the primary motive for becoming a business owner. While financial incentives are important, it should not be the important reason for starting a endeavor. Instead, entrepreneurs must posses these three characteristics, if mastered, will allow you to become an exceptional entrepreneur.
The single most important characteristic shared by successful entrepreneurs is passion. Individuals have an amazing amount of passion for their business and believe that their organization will positively influence our economy. A prime example is Sergey Brin and Larry Report. Both individuals have more than enough money to survive for several lifetimes. But rather than retiring with life of luxury, they're still repairing their passion - Search.
Honestly, nobody become an entrepreneur if you do not have passion for your own business. In case you are only partially committed to any business, you will not survive. With the current economic competitive and dynamic business environment, entrepreneurs must be fully specializing in working extended stays to defeat competition while continually innovating on new products and services that'll assist the business grow and good results. Without passion, you'll succumb to the never-ending demands of company is and ultimately fail.
Focus & Tenacity:
To satisfy the never-ending demands of company is also requires focus and tenacity. Entrepreneurs must focus on delivering value to buyers by providing high-quality goods to grow their lives, thus creating a fantastic situation for every individual stakeholders. In addition, they should also take advantage of the tenacity to battle through setbacks and failures, especially since both are inevitable. Probably will start-ups fail, entrepreneurs will most likely always focus along at the end goal and work tenaciously on achieving their mission and vision.