Advertising
Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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

More by this author

Entrepreneurs 10 Palpable Reasons Why People Become Entrepreneurs Stronger, mentally, daily, man Do These 10 Things Everyday To Gradually Become Mentally Stronger Stephen Hawking Impressive Stephen Hawking Quotes That Can Change The Way You See The World Dad, father 8 Things A Great Dad Would Do For His Daughter 5 Amazing Things Will Happen When You Stop Buying Unnecessary Stuff

Trending in Entrepreneur

1 15 Stellar Startup Business Ideas for the Burgeoning Entrepreneur 2 How to Be a Successful Entrepreneur (15 Powerful Actions to Take Today) 3 8 Life-Changing Skills You Can Learn in Less Than 6 Months 4 10 Websites To Learn Something New In 30 Minutes A Day 5 How To Make Money With CPA: Content Locking

Read Next

Advertising
Advertising

Last Updated on October 16, 2018

How to Quit Your Job That You Hate and Start Doing What You Love

How to Quit Your Job That You Hate and Start Doing What You Love

Everyone of us has a plan in our head that was taken over by family responsibilities, social pressure or sheep mentality. This made us a slave to instant gratification and started killing our plan and dreams.

There is a way to revive your plans and dreams and live a happier life. No amount of salary can exceed your desire to do something that you are really passionate about.

If you hate your job and have thought about leaving your job, here’s how to quit your job and start doing what you love:

1. Identify if you really want to quit to follow your passion

There could be many possible reasons to figure out why you are discouraged to go to work and start thinking about how to quitting your job. Figure out the reasons or signs that make you feel that you should really quit your job.

If these reasons are not related to your office environment or your ultimate goal is to pay your bills from your job, you should consider getting a new job in the same field. It’s better to be an experienced receptionist than to live a dream that is not yours.

2. Start with the side hustle and keep it going

Work after you get back home and build up your product or service enough to gain confidence to quit your job.

Build the website, write down the business plan, design your product, make marketing collaterals or do whatever it takes for you to start working full time on your new venture before quitting your current job.

You could also consider part-time working opportunities if your current job sucks a lot of your energy. This way you could save your energy and dedicate more time to your side hustle.

Ensure that you don’t quit until your new venture really demands your full time dedication. You might lose interest in your new venture if you fall short of survival money.

3. Save enough to pay your bills

If you need to pursue your passion, you need your monthly bills to be taken care of, without any worries. You must cut down on unnecessary expenses and squeeze in those extra bucks on your savings while you are at your current job. You should forget those weekend parties and social outings unless they’re meant for networking.

It makes no sense to quit your job without having any savings. Your new venture will not start paying you immediately. Starting a recurring deposit account is a good idea to start off with. Put aside a considerable amount every month as soon as you get your paycheque and forget about that money until you quit your job.

4. Write down your goals

It is important to have visual proof and a daily reminder of why you quit your job and started a new hustle.

Advertising

Write down your goals and read them at least once a week. If you are a forgetful person, create cell phone or desktop wallpapers of your goals and set them until you achieve them. Visual proof keeps you on track.

These goals are the bigger picture of what you wish to achieve in your pursuit to doing what you love.

For example, if you are wish to design the best dresses in the whole state, write it down. If you wish to fly to Mars, write it down. If you really wish to give up your career for something, it better be worth remembering everyday. Show it to yourself daily.

5. Make a plan

Write down a plan of action for the next 12 months. It’s like writing down an elaborate execution plan in your calendar. This could be a daily, weekly or monthly to-do list of your tasks to achieve your goals.

Learn how to make a plan if that’s not your area of expertise. Ensure that you know what you’re going to do next and not run like a headless chicken after two months of working for yourself.

Review the plan time and again to track your progress. This will give you a clear picture of your performance and your shortcomings.

Also, have a backup plan. Even great planners and strategists fail before achieving success. Ensure that you have a second plan if your first one does not work out as you predicted.

6. Get professional advice

Talk to experienced people in the field you want to venture out. Go to networking events and connect with people in your industry. Most people will help you out with good advice and good contacts.

Get professional courses in part time colleges. It could be great to network and the teachers can be of great help to understand more about the industry. They will help you analyse your plan and connect you to influential people.

7. Prepare yourself to put a resignation

Prepare yourself mentally to quit your job after you’ve realized the potential and prepared yourself to take a deep dive into your new profession.

Leave on a friendly note. Don’t make enemies with your bosses. These connections could help you further in your profession.

Don’t burn the bridges. It’s better to have a face-to-face conversation with your boss or reporting manager than sending a surprise mail.

Advertising

Tell them sincerely about your new venture and why it is important for you. Serve the notice period completely and work till the last day. Complete all your tasks as you would on a regular day. This will maintain your respect and keep your relationships intact.

8. Be prepared to get your hands dirty

As an entrepreneur, you have to do everything that’s needed to keep your work going.

You have to perform all the tasks needed to keep your new venture going. You have to be a janitor, an administrator, an accountant, a designer or a salesperson all at once.

There would be a point of time where you will have to perform tasks that aren’t your favourite. Be ready to perform such tasks without cringing.

9. Have no baggage

Don’t have a debt! Clear all your loans, debts and pending commitments before starting off. You want to fully concentrate on your new activity and not be bent down by loading your shoulders with any burden.

You would want to enjoy your freedom to work incessantly. No distractions whatsoever are allowed to come close to you when you are fully involved in the rhythm of development. Shun away materialism!

10. Don’t be in two minds

It’s good to analyze the best and the worst possibilities in your head, but it’s not at all good to doubt yourself.

Move ahead with confidence. It’s your life, your plan and your rules. Nothing and nobody can stop you from doing what you wish to do.

The more you start getting noticed, the more people will point fingers at you. Don’t let them affect you and create doubts in your head. As William Shakespeare said,

“Our doubts are traitors, and make us lose the good we oft might win, by fearing to attempt.”

11. Learn to handle failure

You are going to be a loser and it’s a good thing! If you fail and lose, you will learn to not repeat your mistakes and make yourself stronger with every punch you throw out.

It takes time till you start losing. The key is to not be demotivated by failure. The more the failure, the more closer you are to success.

Advertising

12. Try your hands at investing in stock market or cryptocurrency

It’s a good way to keep your side income rolling in. While you are busy building your dream project, you could invest your money in the stock market or cryptocurrency and let it grow while you sleep.

As Warren Buffet famously quoted,

“If you don’t find a way to make money while you sleep, you will work until you die.”

Find a good stock broker who has enough experience to not lose your money. Stop immediately if you are losing a lot of money. Don’t burn away your money.

13. Keep a healthy routine

It’s easy to forget about your health when you are working on something that you’re really passionate about. Set reminders about your health routine.

Exercise! Most successful people start their day early and take time out to exercise at least thrice a week. It helps you give more energy and time to your work.

Always remember that you started your new venture to be happier. Bad health will not let you enjoy your success.

Join yoga classes or learn meditation from youtube. Avoid sitting too long at one place for more than 15 minutes at a stretch, take breaks. take a walk, especially up-down the staircase as much as you can to skip age related joint pains and muscle atrophies.[1]

14. Enjoy your days off

Taking a break helps your creativity and clears your mind from clutter. You need your days off to come back afresh and take on your tasks. You can’t be working 24/7.

Remember that being able to take your days off is one of the beneficial quirks of an entrepreneurial journey. You can have a routine designed by yourself, for yourself.

Take your days off when you are too stressed and can’t think straight. Self-discipline might sound simple but practice takes ages. Schedule down time for yourself.

15. Take these steps to quit your job without burning bridges

Resume.io has this infographic about the steps you should take after you’ve decided to quit your job:[2]

Advertising

    16. Remember why you quit your job

    Lastly, remember why you quit your job and started doing what you love. There would be bad days that will make you regret your decision, but don’t let them dominate the reason why you took the plunge.

    Your soul wasn’t happy with what you were doing. Your new venture is what you always wanted to do.

    Never forget that.

    If nothing works out, you could still go back to any job you want, but at least, you’d be spared from regrets and constantly arriving “What if?” question in your head.

    So, start now and live without any regrets.

    Execution matters more than thought. Turn your dream into a reality starting today. Start small and grow big.

    Besides, it’s never too late to do what you want to do. Here’s the proof:

    How to Start Over and Reboot Your Life When It Seems Too Late

    Featured photo credit: Pexels via pexels.com

    Reference

    Read Next