In a recent article for SFGate, Larry Alton (@LarryAlton3) discusses what pushes people to entrepreneurship despite the long hours, big financial risks and hardships. Despite the toll entrepreneurship can take, the joy and satisfaction that can arise from it are enough of a reward.
In a recent article for SFGate, Larry Alton (@LarryAlton3) discusses what pushes people to entrepreneurship despite the long hours, big financial risks and hardships. Despite the toll entrepreneurship can take, the joy and satisfaction that can arise from it are enough of a reward.
Obviously, the potential to make a large sum of money is a major motivation. Looking at Mark Zuckerberg for reassurance, it seems possible that with a good idea anyone can become an overnight billionaire. We know that’s much too extreme of a case, but an entrepreneur with good timing and a great idea has the potential to make a lot of money.
Many venture into entrepreneurship to escape the relentlessness of a traditional work setting. Working long hours to appease your boss’s every need is never a good feeling and becoming your own boss frees you of those chains. However, don’t underestimate the demands that come with being an entrepreneur, especially in the early stages. Many end up working harder and longer hours, but nonetheless doing it on your own is still rewarding.
Entrepreneurs who aspire to be leaders desire control. When it’s your own company, you get to call the shots whether they be on who gets hired or the average salary. People who dislike their bosses or their companies in general find this sense of control to be very motivational. But with control comes responsibility and with responsibility comes stress -- and remember, you will only have yourself to blame.
Working with others to solve problems, especially when those others are part of the team that you hand-picked, can be thrilling. As an entrepreneur, the strategy is in your hands to choose mentors, partners and core team members. It’s up to you to decide what kind of personalities and intellect you want to surround yourself with. Though you cannot all get along 100% of the time, trusting your team to be capable and intelligent is an irreplaceable feeling.
Some people are motivated to leave a lasting legacy more than by money or control. You have the potential to pass your business on to future generations and create something meaningful that could outlast you. Legacy cannot be achieved through anything else and it lasts longer than money or experience. Leaving something behind that appreciates you could be the biggest motivation of them all.
Hopefully, you are not motivated by just one of these aspects of entrepreneurship but multiple. Think carefully about what you want out of your experience and strive to attain those goals. While it may not be an easy process, work hard to satisfy yourself in the long-term.
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