Discover Why Entrepreneurship Is Worth It

Discover Why Entrepreneurship Is Worth It

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.

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38 Comments on "Discover Why Entrepreneurship Is Worth It"

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xobe
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xobe

Running a small business is a challenging task because it requires marketing plan and strategical process wherein targeted consumers will fall into your hands. Its an up and down situation because it varies due to economic crisis of a country. As an entrepreneur, you must accept the fact that people may give feedback and suggestions to your business and set that as your motivation for your success.

Martinsx
Member
Martinsx
@xobe There are some certain countries that encourages setting up entrepreneur business, especially in the agricultural sector. Nigeria is a typical example of such country, due to the over dependence on the nation’s oil as a means of income and employment in the country and it not meeting the expectations of the general masses, not that it’s not capable of doing so but as a result of mismanagement, the government now sought other means to making the economy growing without having to wait for the oil sector. But in truth, running any form of establishment in the agricultural sector is… Read more »
Jim15
Member
Jim15

Enterpreneurship I think is my passion, I dream of having a lot of business, in order to do that, I need a lot of experience, finance and motivation to come up with a lot of the best ideas about becoming an Enterpreneur. This article helps me a lot because it brings me knowledge and informations about having my own business and it tells that having one or more business is not that easy. You need a lot of time and effort to become a successful Entrepreneur.

Timothy Alexander
Guest

One of my favorite quotes comes from the former US President Calvin Coolidge, “Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan Press On! has solved and always will solve the problems of the human race.” Entrepreneurship has more to do with passion, ambition, and drive than experience and finances. Many millionaires and billionaires started with nothing.

Barida
Member
Barida

In as much as it is good to work and earn stable salary working for someone, I still believe that none will beat the freedom that could be derived from being an entrepreneur. It’s always tough at the beginning, as an entrepreneur, but with the passion and drive to succeed, there are chances that you can really make it as an entrepreneur. I like the good policies being setup in my country on encouraging young ones to become entrepreneurs and I hope it pays out at the end.

Timothy Alexander
Guest

The best way for a country to grow its wealth is by giving people the freedom to build and grow successful businesses.

joey_2tep
Member
joey_2tep
I totally agree with you @Timothy. I remember when I worked in Singapore.I have met and become friends with some locals there. I really like the way they motivate themselves. They want to graduate college for only one reason – to establish a business of their own. And then I realized how things happen, they create business and we work for them. I have to admit that most of the students here in our country finish college for a good future employment. That is our mindset and I strongly believe that changing that kind of mindset will take our country… Read more »
macfais
Member
macfais

Speaking of country’s wealth, entrepreneurship reveals a clear contribution to economic growth and development of a certain country. In mathematics, if we will make a graph between entrepreneurship and employment status, it must be directly proportional. This means that the higher the number of people getting involved in entrepreneurship, the higher the employment growth. I believe that entrepreneurship is the main impetus for job creation.

Martinsx
Member
Martinsx
@Barida The government is really trying in Nigeria to help the youth but there is a recurring problem with the mindset of the youths, some of them actually just want to take the fund incentive from the government and elope without making efforts to start up the proposed business plan they used to secure such fund. I really hope that this doesn’t keep on increasing because if it’s not checked would negatively impact on the government agenda which would likely result in scrapping such polices. I just hope that the errors of few doesn’t affect the whole, as to this… Read more »
Martinsx
Member
Martinsx
If aren’t interested in being a slave to any monthly paying job or answering to any boss, then entrepreneurship is the best solution to all troubles. Opening your own business is definitely going to grant you the freedom that you crave and direct how your affairs is going to be. It’s going to offer you self reliance of being able to pattern your future. I would actually point out that starting up a business establishment is not an easy task. It’s capital intensive no matter how small and it’s definitely going to require time, dedication and persistence to be able… Read more »
Timothy Alexander
Guest

It is interesting you mentioned that. I know a guy that all he does is start businesses. Once he gets them up and running, he will sell it off. Most of these are contract type businesses, like swimming pool maintenance or lawn care services. He will start a company, build the client base to were there is profitable, and then sell it to someone else to maintain.

macfais
Member
macfais
Amazing article! This is very interesting one. I think majority of financially successful people are coming from the gang of entrepreneurs. Mark Zuckerberberg, Bill Gates, Michael S. Dell, Steve Jobs, Richard Branson, and even Donal Trump are all entrepreneurs. If not everyone, may be majority of people are aspiring to be like them. And yes, I agree with you. According to one article I have read which entitled “Realities of Being Entrepreneur” by Tamara Monosoff, she enumerated three hard truths of being an entrepreneur: 1. It’s stressful. 2. It’s never-ending. 3. It’s fristrating. On the other hand, despite the hard… Read more »
Martinsx
Member
Martinsx

@xobe I can attest to the running of a small scale business especially when it’s a production business. It’s definitely not an easy task, from looking to get customers/patronizers, getting too many feedback on how people want the product, competing with the already products in market, it’s really not easy. The detergent production factory my family runs experienced those challenges at it’s early age but with time, determination, persistence, and dedication, the business has grown well.

Martinsx
Member
Martinsx

@Barida The beauty of having and running your own business can never be overemphasized. In fact it gives you more than just freedom but also job security and self reliance on how to comfortably live your life without any added pressure from answering to anyone.

I’m into teaching profession in which I’m under monthly payroll but my entrepreneur business of perfume and body sprays pays me more than what I earn from my teaching job. This is a pure example of how beneficial running your own business is when compared to working and answering to another.

abidly
Member
abidly

Being an entrepreneur is real freedom for many things, but it’s true that entrepreneurs working much longer hours, sometime more stressed and always looking for another way to make more money or for new ideas and investments, while employees are mostly less stressed, doing only what they are said to do, getting paid wages and working usual hours…
For many people, being employee is better option, but for us who love challenges and high achievements, thinking out of box, we don’t mind long hours, because we see beyond and we want to get to our target, no matter what 🙂

Timothy Alexander
Guest

You are right. Your comment reminds me of all the people who complain that Uber does not give drivers benefits and paid leave. They have an employee mindset and don’t understand that as an entrepreneur, freelancer. or independent contractor, the freedom comes with a lot of personal responsibility.

stunayoshivongola B.
Member
stunayoshivongola B.

My family has small business too, most of the time costumers gives good feedback to us and also improvement on our sales. We’re just use those feedback for the betterment of our business.

junrose123
Member
junrose123
Entrepreneurship is worth it in a sense that it gives extra or huge income to everyone who engage in this kind of activity. Being an entrepreneur is a skill and talent that should be proud of, not all of of us are given a chance to become an entrepreneur. It entails a lot of fashion and dedication in order to succeed in the daily endeavor in the business industry. Although running a business has some ups and downs that an entrepreneur should accept or overcome.There are times when we experience downfall in the business but it is just a part… Read more »
joey_2tep
Member
joey_2tep
One of the cons of being an entrepreneur is not having a day off. This specially applies if you work from home. There is always work to do and nothing stopping you from doing it, or wanting to do it. Even when you’re not working it’s always on your mind.You also don’t get paid by the hours of you work and most of the time not getting paid at all. Although all businesses are set up differently, you’re much more likely to spend hours working that are unpaid when you are an entrepreneur than when you’re an employee. Well, above… Read more »
Timothy Alexander
Guest

The typical employee does not see or understand that a lot of business activity is not income generating. Yet, it is stuff that needs to get done if one wants to build, maintain, and grow a business.

Rogue
Member
Rogue

Entrepreneurs are those brave enough to get out of their comfort zone and stability. What you said about accumulating wealth is really a great factor that influences one to turn into entrepreneurship. I myself was planning to be one but my resources are still scarce so I need an employment first. Entrepreneurship is not a walk in the park and bravery is not always enough. We need to be fully geared and equipped if we are to enter this. Knowledge is a must too. Wanting to be entrepreneur will not suffice, we should be fitting and prepared too.

junrose123
Member
junrose123

Yes I agree with you Rogue, entrepreneurs must really accept the fact that sometimes consumers would give feedback and suggestions, it is normal in the business industry. Just keep up the good job and I’m sure you will gain success just be positive.

Martinsx
Member
Martinsx

I would say that such person isn’t interested in running a long term business establishment by piloting the affairs of the company he sets up and built the client base but still end up selling it out inform of contractual relationship. It may be that handling the pressure of day to day running of the company is not what he desires.

Martinsx
Member
Martinsx

@stunayoshivongola B. Feedback helps a lot in any business, it helps you in meeting your customer’s desires and giving them the best satisfaction for their patronizing of your product and services. The feedback is a tool that directs the modification of your products to meet the trends in the market.

sweetpot81
Member
sweetpot81
Entrepreneurship is worth it for me. It’s hard at first but once you already established it’s such a nice feeling of being one entrepreneur. It take time and alot of struggle. It’s managing your own business and mentor of your own. Very competitive and risky as well. It’s one of the solutions to be free from having a boss and managing your time. Entrepreneurship should be accompanied by two major factors for me it’s the DEDICATION and PASSION. If you are passionate on what you are doing and interest, it’s more likely to be dedicated on the business you are… Read more »
Trent652x
Member
Trent652x

This was a very great article. Becoming an entrepreneur has been a dream of mine since I was in grade school. The tips given in this article gives me even more motivation along with educating me even more to fulfill my dreams. I’m currently self-employed so articles like this one inspires me and also allows be to believe that my dreams are attainable.

fern2x2001
Member
fern2x2001

Entrepreneurs can really change how we live our lives and how we do our work. They could also improve the lives of people in the community with their innovations and the likes. Aside from creating money for themselves, they also create jobs for the people in the community. They hire people that they need to run their business or their company. So they are not only helping themselves but also the people around them. That is one of the great things that Entrepreneurs could do aside from freeing oneself from being bound in a 9-5 hours work.

AmieBotella
Member
AmieBotella
Becoming an entrepreneur is not easy but I am sure it is worth it. Worth the effort, worth the time and worth the headaches one may encounter while working through it. I started off in business early on. I haven’t had so much experience back then because I just graduated from college but I am happy to say, I was able to learn it one step at a time. I am a civil engineer who is specializing in building houses and in renovations and repairs. With small capital at the beginning of it, I worked hard on learning the business… Read more »
Gira0820
Member
Gira0820

Entrepreneurship is a challenging and rewarding career for a critical-mined people like entrepreneurs. They were always driven to become productive and successful despite of failures and trials during any business operations. However, giving up is not an immediate solution for them in tough times it is the accumulation of scrupulous business strategies. It is a passion and commitment to continue in business to get the return of investment and profit.

kcboclot
Member
kcboclot

I, myself, dreamed of having my own business. As of now, I am a working student making ends meet. I lack the capital and the knowledge to start my own business. But I am currently investing in the stock market. I will soon use the proceeds of my investment for a business. For now, I have to equip myself of the knowledge needed to manage a business so that I can minimize the risk.

junrose123
Member
junrose123
Yes I agree with you Jim15 that entrepreneurship really needs a lot of experience and finances since you will provide or invest money in order for your business to be sustained and to a have a continuous growth. It really needs experiences in the sense that experiences serve as our mentor and shield in decision making purposes when there are ups and down in the business industry. Becoming a successful entrepreneur really entails a lot of time and effort. There are always hardships that we will encounter, but despite of this, we must just believe in our selves and just… Read more »
junrose123
Member
junrose123
Entrepreneurship is a very challenging task and job, It really needs a lot of hardwork, patience and sacrifices. Being an entrepreneur is quite amazing since you would become an innovator, you will introduce new product in the market and will provide better and unique services that your competitor doesn’t have. You must must have a vast knowledge and experience in order to gain a competitive advantage and a trustworthy products or services in the market. It will be measured how great and expert are you in gaining competitive advantage. I salute all entrepreneurs for doing a great task and a… Read more »
sweetpot81
Member
sweetpot81
Entrepreneurship is worth it for me. It’s hard at first but once you already established it’s such a nice feeling of being one entrepreneur. It take time and alot of struggle. It’s managing your own business and mentor of your own. Very competitive and risky as well. It’s one of the solutions to be free from having a boss and managing your time. Entrepreneurship should be accompanied by two major factors for me it’s the DEDICATION and PASSION. If you are passionate on what you are doing and interest, it’s more likely to be dedicated on the business you are… Read more »
junrose123
Member
junrose123
I really want also to become an entrepreneur someday because I want to earn extra income aside from my current job as a full time private employee. I want an extra income that would provide all my needs and wants, although being an entrepreneur takes a lot of risk and experiences. I know I’m new with this field but I will try my best to achieve my goals in life. Being an entrepreneur needs a lot of finances and good technique or strategy since if we are in business, we are gambling with the opportunity to win or lose. But,… Read more »
regulusXted
Member
regulusXted

I’ve now been enlightened of how entrepreneurship is a worthy kind of job. Because you’re starting your own kind of business and introducing a new product to the market. Though it may be a risky move, it will be worth it, because if the consumers liked your idea then your business will prosper and you’ll earn more and maybe you would branch out your business somewhere else.

junrose123
Member
junrose123

Entrepreneurs are worth it because they are considered as product innovators. They are the one who turn a simple product or services into an amazing one. Entrepreneurs make a unique and distinct strategy to attract customers. They are considered as the brightest people since they analyze and solve problems regarding sales and revenue issues. They have the freedom to choose the best options that they think would give them much profit. They are also considered as risks taker since they gamble their business luck in the market which is full of uncertainty and difficulties.

junrose123
Member
junrose123
Entrepreneurship is a challenging and quite complicated task to do, it really needs a lot of patience and dedication in order to succeed. I still remember during my college days when we are discussing some of the characteristic of becoming an entrepreneurship. I found out that is not easy to become an entrepreneurship. Innovating new products and services in the market are always the concern of the entrepreneurs. They do the the planning on how a certain product or services will become more attractive to customers. They always make it a point to provide quality product and services to everyone.
joey_2tep
Member
joey_2tep
I remember an entrepreneur saying, “Entrepreneurship is like a computer game in which you have to master every level before achieving success. Startups repeatedly stumble and have to go back to the drawing board. The best way to skip some levels and to increase the odds of survival is to learn from others who have already played the game.” Although it is a freedom, we have to be ready for failures and learn to anticipate all those before they come. We also have to keep in mind that are people who can really help us to make decisions and those… Read more »