WHY BECOME AN ENTREPRENEUR??

Why Become an Entrepreneur?

There are three basic reasons to consider becoming an entrepreneur:

Controlling Your Destiny.
This is usually the greatest motivator to the path of self employment. Entrepreneurs can plan their business activities around their personal commitments. The entrepreneur can prioritize for themselves rather than have a boss dictate terms. Entrepreneurs make decisions based on how important they feel a business activity may be, not how important some else believes the activity may be. An entrepreneur works for their own goals, not for others. This right is the greatest reward of Entrepreneurship.

Independence from Supervision
Entrepreneurs answer to many people including customers, vendors and lenders. But these relationships are based on partnering, not supervising. This difference allows for creativity and growth. This difference subordinates stress and pressure.

Achieving Great Profits
The first two reasons are guaranteed. Profits are not. Entrepreneurs take risk to achieve significant profits. At the same time the entrepreneur recognizes that may incur loss. Profits are the most difficult objective to achieve and often take considerable time to realize. The new business must be properly researched and planned. This increases the odds for greater success.

Questions to Ponder for the Entrepreneur:
1) Do you give up on your favorite team when it is behind late in the game? The entrepreneur must be determined and not give up easily.
2) Are you curious about the origins and ending points of rivers? Entrepreneurs are constantly curious looking for better ways to be creative.
3) Do others look to you for leadership during critical times? This role requires self confidence.
4) Are you constantly adjusting your goals as you work towards a long term objective? Entrepreneurs tend to strive for new heights.
5) Do you consult with others on most decisions? Ultimately the decisions are up to the entrepreneur only.
6) Do you tend to daydream? Entrepreneurs are dreamers but they are based on reality.
7) Do routine tasks make you restless? Entrepreneurs are action-orientated goal seekers.
8) Are you stubborn? A certain amount of stubbornness comes with determination.
9) Do you like yourself? Confidence comes from within. Good leadership stems from self-assuredness.
10) Is making money your only goal in starting a business? For a true entrepreneur the satisfaction of building your own successful business ranks higher than making money.

The Center for Entrepreneurial Management cites the following characteristics as common among entrepreneurs:
1) Many are children of self employed parents.
2) Many are descendants of parents or godparents who immigrated to the U.S.
3) Many were enterprising in their youth.
4) Many are the oldest child.
5) The majority state their prime reason for starting a business was to be on their own.

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