There have been many studies attempting to understand why people become entrepreneurs. At the top of all the countless surveys and interviews, one reason is mentioned more often than any other. At the end of everything, the one defining motivation is entrepreneurs do not want to work for other people. It is just that simple. Further, entrepreneurs are often happier and more fulfilled than those employed by someone else.
Despite the often romanticized idea of big paydays and billion-dollar startups, an entrepreneur’s life is filled with risk and uncertainty. Why would anyone give up the security of a steady paycheck and benefits to go out on their own? Many entrepreneurs grow frustrated when they believe their careers are not advancing. They feel stuck on a hamster wheel. As a result, they become attracted to the idea of starting their own business, where the only limits are based on their effort.
What Drives Entrepreneurs?
This is not a surprise if you spend any amount of time reading about the internal culture of many companies, especially large corporations. So, most entrepreneurs are driven by much more than money. Once you stop talking about financial security, their prime focus is often more along the lines of mastery, purpose, and autonomy. Does that make sense to you?
Entrepreneurs are often not in it for wealth. Moreover, they will often work harder and longer hours than their peers and have more stress. The employee can, many times, stop thinking about work the moment 5 o’clock rolls around. However, the entrepreneur will always have his or her business front-and-center in their mind. Yet, the satisfaction of being an entrepreneur is in spite of the stress and responsibility. Consequently, self-reliance makes it all worthwhile. Don’t you agree?
Entrepreneurs Are High Performers
What is it about being independent that is so appealing? Many entrepreneurs are high-performers and problem solvers. As an employee, they will put in the work necessary to move up the corporate ladder. When they hit a wall, that is when self-employment often begins to look very attractive. So, when there is little room for advancement or internal politics is an obstacle, they look for solutions. At this point, starting a business becomes an obvious choice. They can apply their dedication, innovation, and vision to a company that they own.
When everything is said and done, entrepreneurs are motivated simply by doing great work. Everything else is icing on the cake. Plus, the autonomy of entrepreneurship gives them the power and freedom to truly excel. As a business owner, they are no longer a robot and can take their company in new directions. Innovation is not always a prime motivator. Yet, entrepreneurship allows a person to try new things, explore creative ideas, and take advantage of opportunities. This is typically not an option when you are just an employee.
Entrepreneurship Is Freedom
Ultimately, entrepreneurs want freedom. As self-starters, they want to call the shots, make the big decisions, and control their own destiny. They want direct responsibility for the outcomes of the business and their personal lives. Finally, they are creating a lasting legacy for themselves and their families. Their happiness comes from their sense of accomplishment, setting and achieving goals, and building a successful company. Is that something that appeals to you?
Do you have questions? What other topics would you like us to cover? If you would like to talk about why entrepreneurship is worth it, please leave a comment below.