7 Common Reasons Why People Become Entrepreneurs

7 Common Reasons Why People Become Entrepreneurs

7 Common Reasons Why People Become Entrepreneurs

Unlike a few years ago, entrepreneurship is now an accepted career option. No longer are people afraid to do the tightrope walk without a safety net underneath. But it’s not an easy ride. An entrepreneur is someone who is prepared to sacrifice his own time, effort and money to turn a good idea into a marketable product. For example, Charles Rolls and Frederick Royce were motor engineers. They showed enterprise by setting up the Rolls-Royce car manufacturing company.

There are a host of reasons why individuals choose to become entrepreneurs over the more traditional route of becoming employees. Only you can decide the life that’s right for you, but with the uncertainty of entrepreneurship also come tremendous freedom and accountability.

Here are some reasons why people transform into entrepreneurs.

1. They Want a Lifestyle that isn’t Bound to Nine to Five

Nine to Five Job

There’s a lot of hype about having a flexible lifestyle but the truth about entrepreneurship is that you’re going to work really hard and really long; so don’t choose this way of life if you’re thinking it’s a shortcut. That being said, you will work hard, but there’s much more flexibility to the entrepreneurial lifestyle than the traditional nine to five and two weeks of vacation time that corporate life permits.

As the old adage goes, entrepreneurship is living a few years of your life like most people won’t so that you can spend the rest of your life like most people can’t. It is hard work but with that effort comes the ability to shape your life how you see fit.

2. They Get Easily Bored

different life style

Where people are easily bored, rote work is not for them. The challenge of an environment with continuous and often unforeseeable stimuli may shield such individuals from the throes of boredom. But being too easily bored can also undermine the discipline required in entrepreneurship.

3. They Have Nothing To Lose

nothing to lose

Sometimes life hits us with a set of circumstances in which we feel like we have nothing more to lose. The American perspective is paramount here: every failure is an opportunity. Relatively speaking, this is correct. Better to see it as such and try again, immediately.

4. They Want to Make a Difference

make a differnece

Entrepreneurs have visions of pursuing their dreams even if they are unconventional; things that are not considered on the normal path of life they may pursue.They get labeled as crazy, receive odd stares and judgment from the nonbelievers. Nevertheless, they push on to change the world one dream at a time.

5. They Desire Challenges

they desire challenges

Entrepreneurs desire challenges. They are problem solvers, innovators and game changers. Given the right opportunity they can turn around a project, company or anything, they put their mind to. They are hard-working and dedicate the effort to making a great change in the tasks they pursue. They have the ability to see things that others do not.

Unfortunately, many are overlooked and their suggestions are brushed off and dismissed when working for others. However, an entrepreneur being the smart person they are, they decide to turn it around and use it to their own advantage in a business of their own.

6. Their Ideas are Unconventional

unconventional ideas

Entrepreneurship takes imagination and perhaps even a dash of insanity. Entrepreneurs are the ones who change the world. They see the world as they want it to be, not how it is. From the genius idea that drove the Wright Brothers to create a flying machine to the madness that drove Steve Jobs and Bill Gates to develop personal computers, entrepreneurs pursue the ideas that others deem crazy.

7. They Want to Change the World.

they want to change world

Entrepreneurs don’t just want to change their lives -- they want to change the world.

Mark Twain explained the lure of entrepreneurship best when he wrote, “Twenty years from now, you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”