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10 Palpable Reasons Why People Become Entrepreneurs

10 Palpable Reasons Why People Become Entrepreneurs

Entrepreneurs are cut from a different cloth, unique in many ways. They come from different personality types, cultures, and genders.They are champions, full of determination, drive, and ambition. Entrepreneurs think outside of the box. Observing how things could be, instead of settling for how they are. They don’t need high levels of formal education to be effective and make an instant impact in any situation. Here are 10 palpable reasons why people become entrepreneurs:

1. They want to make a difference

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.

2. They Embrace Having a Path of Their Own

Entrepreneurs are leaders, they embrace having a path of their own to fulfill their dreams. However, creating their own path is not always by choice. The lack of challenge and opportunity in the job market may push an entrepreneur to their pursuits. They create their own opportunity and use their skills that were neglected, by those they worked for and capitalize on them.

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Robert Frosts poem “The Road Not Taken” explains this all too well. A business professor whose class I had taken shared a copy of this poem with me. I now share this poem with you, I hope it serves as a source of inspiration.This poem is for those who believe there is an entrepreneur inside of them.

3. 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.

4. They Crave Flexibility

Entrepreneurs crave flexibility they don’t prefer your typical 8-5 work schedule. They may work more or longer hours when working for themselves, but the flexibility will make all the difference. They will appreciate having a schedule that they have a better control over.

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5. They Want More Stability

Whether it’s for their family or themselves entrepreneurs like the idea of more stability. The facts are that you can work at a company today and be laid off tomorrow. Entrepreneurs like the idea of being the determiner of their outcomes and financial security. You can work hard at a company, increase your skills and still not get a promotion, bonus or other forms of advancement. Even if you do receive a bonus they may give you a few cents or so which doesn’t go very far for really high achievers. Entrepreneurs know that when putting in the time, effort and hard work for their own business, it will pay off better rewards.

6. They want to create jobs

A driving factor to some entrepreneurs is that their passion may be able to create jobs. The thought that if they make enough money, their family members won’t have to go looking for jobs when they are laid off. Their family can always have a job when times get tough. I understand some believe work and family don’t mix. However, they still appreciate the idea of being able to help out family when in a crunch. With the economy the way it is unstable at times they like the idea of being able to do their part in helping out increasing jobs.

7. They are underestimated and overlooked

A lot of companies don’t understand what kind of amazing possibilities this type of person can bring to their company. Managers often overlook and underestimate the potential of this employee but sometimes don’t know this person exists.

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8. They are passionate about change

Entrepreneurs can be passionate people because they actually care. They can see the difference in their minds before it is actually implemented. They can also see the destruction that will occur if something is not done about the situation. They can get frustrated, but this does not make them less effective it makes them human. Although, passion doesn’t always exhibit itself in the form of frustration. Passion can also be displayed in hard work, being focused and determined.

9. They are limited in the job market

Entrepreneurs at some point have felt stuck while working for others. With little room to advance, concerns not being heard or addressed, feeling undervalued and unappreciated by the management of companies they have worked for, they are likely to be tempted to start their own business. Many entrepreneurs leave their employment to fulfill their own destiny and succeed.

10. They know they can make a difference

Entrepreneurs know the power they possess to make a difference. They have high confidence in their abilities. Although, others sometimes can’t see the power in their abilities. Entrepreneurs can see their vision so vividly as if it was right in front of them. This is sometimes the motivation that keeps them determined, they can see the end result as if it already were in existence.

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Being an entrepreneur is about a mindset, it is engraved in a certain individual. Whether or not they possess all the traits at the current time, at some point in their life it will develop inside of them. Like a flower destined to bloom or an eagle destined to soar it is their destiny to thrive. It doesn’t take formal education completion for these individuals to thrive or to be successful, it’s only a matter of time. Mark Zuckerberg (founder of facebook) and Blake Mycoskie (Creator of Tom’s) are just two examples of two successful entrepreneurs who did not complete their higher education but still achieved greater levels of success.

Featured photo credit: Jonathan Cox/Brandon Warren via flickr.com

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Last Updated on December 10, 2019

7 Strategies to Keep Employee Motivation High

7 Strategies to Keep Employee Motivation High

Highly motivated employees are essential to the success of any business. Most people spend a third of their lives at work.[1] That’s a significant amount of time away from home, apart from the people who make us happy and the things we love to do. So keeping employee motivation high is essential for creating an office environment that gets the best out of our people.

But do you know what motivates your people?

It’s simple:

  • Is their work stimulating?
  • Does it challenge them?
  • Is there room to grow, a promotion perhaps?
  • Do you encourage creativity?
  • Can they speak openly and honestly with you?
  • Do you praise them?
  • Do you trust your staff to take ownership of their work?
  • Do they feel safe in their work environment?
  • And more importantly, do you pay them properly?

Every one of these factors contributes to the general happiness of your employees. It’s what motivates them to come into the office each day and work hard, hit goals, and get results.

In contrast, an unmotivated employee is typically unhappy. They take more sick days, they’re not invested in seeing your business succeed, and they’re always on the lookout for something better.

Stats show that 81 percent of employees would consider leaving their jobs today if the right opportunity presented itself.[2] So it’s up to you to set aside time and energy to create a work environment that benefits every one of your employees.

These seven strategies will help you motivate your people to consistently deliver quality work and, more importantly, to stick around for the long term.

1. Be Someone They Can Rely On

You rely on your people to turn up to work each day, to come to you when they have a problem they can’t solve, to be honest, and to always engage professionally with customers.

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But this is not a one-way street. You, too, need to be someone your team can rely on. They trust you to have their backs when a client is unreasonable, to know that the decisions they make are in your best interest, and to make good on your promises.

If you say you’ll attend an important meeting, be there. If your company makes a profit and you’ve said you’ll pay a bonus, pay it. The goodwill of your people is something you never want to test, let alone lose.

Be reliable; it’s astounding how much this motivates your people.

2. Create an Awesome Company Culture

There’s no denying that company culture trickles down from the top. Your leadership and attitude massively influences the attitudes, work ethic, and happiness of your staff. If you’re always stressed-out, overly demanding, and unreasonable, it’ll create tension in your office which will adversely affect your employees’ motivation levels.

In fact, the HAYS “US What People Want Survey” found that 47 percent of staff who are actively looking for a new job, pinpoint company culture as the driving force behind their reason to leave.

So if you have high staff turnover, you need to determine whether your company culture might be the motivating factor behind your churn rate.

Here are four ways to build a culture that keeps your employees highly motivated.

  • Be conscious of the image you present. Your body language and attitude can positively or negatively impact your employees. So come to work energized. Be optimistic, friendly, and engaging—this enthusiasm will spill over to your people and motivate them to be more productive and efficient.
  • Appreciate your people and be reasonable. Celebrate your team’s achievements. If they’re doing a good job, tell them. Encourage them to challenge themselves and try new things. And reward when deserved. If they’re struggling, help them. Work together to find solutions and be a sounding board for their ideas.
  • Be flexible. Give your people opportunities to work remotely—this is highly motivating to staff, particularly millennials. They don’t want to be battling traffic each day on their way to work. They don’t want to miss their kids’ baseball games or ballet rehearsals. Stats show that companies that offer flextime and the ability to work from home or a coffee shop have happier and more productive employees.
  • Create employee-friendly work environments. These are spaces that inspire and ignite the imagination. Have you ever been to Google’s offices? No headquarter is the same. From indoor slides and food trucks, to hammocks, and funky work pods on the wall, gaming rooms, and tranquil interior gardens, there’s something for everyone. It’s a space where people want to be, catering to their need for creativity, quiet, or team building; you name it.

So take a look at your company culture and ask yourself, Is my business an attractive workplace for talented professionals? Does it inspire commitment and motivate my people? What could I do to improve my company culture?

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3. Touch Base with Your Team Weekly

Make time for your people, whether you run a remote business or work in an office, set aside time each week to talk to your people one-on-one. It’s non-negotiable.

When there’s an open line of communication between staff members, work gets done. Don’t believe me? A study by Gallup found that 26 percent of employees said feedback from their leaders helps them to do a better job.[3]

Your people want to feel trusted. They want to take ownership of their work, but they also need to know that when they have a question, they can reach out and get answers. If you’re unwilling to make yourself available, your team will quickly become unmotivated, work will stagnate, and your business will stop growing.

So block off time on your calendar each week to touch base with your people, even if only to let them know that what they’re working on matters.

4. Give Them the Tools They Need to Do Their Jobs Well

Imagine trying to run your business without electricity. How would you contact your clients? What would happen when your phone or computer battery died?

Technology is super critical to the success of your businesses. It allows you to work more efficiently, to be more productive, and to handle matters on-the-go. That’s why you need to give your people tools that will make their jobs easier.

Make sure their equipment is in good working condition. There’s nothing more frustrating than a laptop that takes ages to boot up. It’s got to go. Replace outdated software with new software. Don’t make your designer work in Coreldraw; give them access to the most up-to-date version of Adobe Creative Suite. Take it a step further and buy them a subscription to Shutterstock or Getty Images.

Make working for you a pleasure, not a pain; and watch your employees’ motivation levels rise.

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5. Provide Opportunities to Learn and Upskill

Would you believe me if I told you that 33 percent of people cite boredom and a need for new challenges as the top reason for leaving their job?[4] If you want to retain your talent, you need to upskill.

Thanks to technology, we live in a rapidly evolving world that demands we change with it. A copywriter is no longer just a writer; they now need to be experts in SEO, Google Adwords, CRMs, and so much more.

A pastry chef needs to be a food stylist, photographer, and social media manager. An entrepreneur needs to be a marketer—or at least take ownership of the marketing message for their business—if they hope to scale.

Technology makes all of this possible. No matter your location, your people can continuously expand their knowledge and gain new skill sets—something that’s highly motivating to employees. They want to know that there are opportunities to grow and develop themselves.

If you won’t invest in your people, then your business becomes just another job to tide them over until they find where they truly belong. So be the company that sees value in developing its people.

6. Monitor Their Workload

Overworked employees tend to be unproductive and unhappy. Your people cannot be at full capacity every day, month to month. Something’s got to give. They’ll become deflated and their work will eventually suffer, which will negatively impact your business.

What I like to do is implement a traffic light system. It helps me to keep a finger on the pulse of my business. So there’s red, yellow, and green:

  • Red means they’re fully loaded.
  • Yellow means they’re busy, but they can potentially take on more.
  • Green means they haven’t got enough to do.

I use this traffic light system because I don’t want my team members to be stressed out of their brains all the time. If they are, they won’t make good decisions and they won’t do good work.

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If my people are regularly overloaded, I have things to think about. Perhaps I need to hire a new person to help ease the load or take a closer look at what projects are good to go, and which can take a back seat.

And this is why #3 is essential. If I’m regularly engaging with my people, I’ll know that while they’re coping with their workload, it is impacting their performance and health, and I’ll take action.

7. Don’t Mess Around with Your Employees’ Pay

Never mess around with your people’s salary. As a business owner or high-level manager, it’s easy to forget that most people live from paycheck to paycheck. Delayed compensation can mean a missed bill payment, which could result in costly penalties they can’t afford or hits to their credit score.

So it’s your job to ensure that you pay your people on time.

The Bottom Line

A motivated team is an asset to any business. These people never give up. They get excited about coming to work each day and can’t wait to test a new theory or tackle a particularly tricky challenge. They’re proud of the work they do. And more importantly, they have no reason to leave.

Wouldn’t you rather be part of their success story than the business that drove them away?

More to Motivate Your Team

Featured photo credit: Emma Dau via unsplash.com

Reference

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