7 Reasons why people turn to ‘Entrepreneurship’.

15-Feb-2021

Becoming an entrepreneur might seem like a dreadful and a high-risk journey for most people. But for some, being an entrepreneur might seem like the perfect path that their life should take. There are a variety of reasons why they believe that they should become entrepreneurs over the more traditional route of becoming employees.

Here are top 7 reasons why they believe so:

1. Get away from the 5-9 lifestyle

The reality of working an average job doesn’t seem rewarding to aspiring entrepreneurs. Having to finish unfulfilling tasks seems really boring to them. Getting coffee and greeting nice co-workers every morning gets boring after a while. You are under the control of a boss who can decide when to fire you. You have little control and in exchange, they give you a pay check. Being the boss of your own company gives you much more flexibility.

2. Have creativity that doesn’t fit the corporate environment.

Steve Jobs summed up this idea when he said: “When you grow up you tend to get told that the world is the way it is ... Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it … Once you learn that, you'll never be the same again.”

You might feel that you simply don’t fit in and want a way out to do something better. This is where entrepreneurship comes in.

3. Love risks

Building a successful business takes a lot of risk, and entrepreneurs love risks! They live for excitement and adventure. Finding new ideas and gambling their chance of succeeding gives them goose bumps. They are confident enough to manage projects with high stakes. Whether these projects become million-dollar success stories or complete failures that they later regret, it’s the act of betting on an idea and watching it develop that makes aspiring entrepreneurs smile. 

4. Independence of location

The best thing of having your own business venture is the ability to create something that supports you no matter where you are in the world. There are more than 2.5 billion people online daily, which means you could have an unlimited customer base and build a location-independent, online business.

No longer do you have to be tied down to any one location. You can have freedom to go and work wherever you want.

5. No income restrictions.

If you have always worked for somebody else, you know that your employer determines your income level. You can get raises and promotions, but those are the exceptions, not the rule. Your earning potential is capped no matter how long you stay at that job. But as an entrepreneur, there are no limits placed on what you can earn. Instead, your income is determined by your skills on how to manage your business. Entrepreneurs aren’t happy with the status quo and continue to grow their business and income. The beauty of entrepreneurship is that there are no gatekeepers to keep your income regulated.

6. Change the world

Being an entrepreneur gives you the ability to not only change your life, but also the world. Mark Twin summarised this when he wrote, “Twenty years from now, you will be more disappointed by the things that you didn’t do than by the ones you did do. So, throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover.” Amazing changes are possible when innovation and a passion for making a difference come together. And they could help you change the world… for better.

7. Leave a legacy

When you build a business, you build a legacy. What starts as a quest for freedom can end as something that’s in your family for generations. Besides passing your legacy on to your family, your name can forever be immortalized in the social sphere if it’s a success. If your business is started out of something you’re passionate about, that passion will impact lives for years and generations. You can leave your children something you’re proud of.

The above 7 reasons are not just reasons that make entrepreneurship your next career choice. Rather they’re strong enough to indicate a better way of life. That’s what entrepreneurialism can give you --- a better life. So, go and live yours.