The French word entrepreneur means enterprise. An entrepreneur is a person who starts a company or business, with the possibility of profit or loss. An entrepreneur is a person who uses venture capital to start and finance a new business and who assumes the financial risks associated with owning, operating, and managing a business.
Most entrepreneurs are people who march to their drums and have the drive, determination, and perseverance to bring ideas and opportunities to life. Entrepreneurs often have a clear and communicable vision, passion for their areas of interest, motivation to bring their vision to market, and perseverance to continue despite obstacles and setbacks.
Entrepreneurs are, without a doubt, horses of another breed. Entrepreneurs are nonconformists with vision and determination to create a company that brings vision to the market.
Entrepreneurs, as a group, want to design and control their destinies. They are inspired to launch their business ventures and are driven to identify and exploit high-potential business opportunities. They are generally obsessed with all aspects of their chosen area of expertise. Entrepreneurs are eager to create a new life, be their boss, go their way, and get rid of the limitations of the 9-to-5 world of work.
Entrepreneurs move on ideas-ideas that are often sparked by a flash of inspiration and often overlooked by others. Entrepreneurs can change direction quickly as conditions evolve. They can navigate transitions, tolerate uncertainty, and can balance continuity with change. The most important thing is that they are tenacious! They follow projects to completion and do not give up easily, even in the most difficult moments.
What Drives My Start On An Entrepreneurial Journey?
There are as many reasons why individuals start new businesses as there are people. Although motivations vary from one individual to another, the most common driver that individuals cite as their reason for starting a new business is their desire for independence. Entrepreneurs want to be autonomous. They want the freedom to act independently to achieve their wishes and goals.
Entrepreneurs also start businesses for many other reasons. Here are some additional reasons:
• Sense of achievement: Entrepreneurs need to achieve and experience a sense of achievement.
• Innovation / Invention: entrepreneurs have the impulse to invent new products, services, processes, markets or opportunities, and to create new rules of competition.
• Career transition: Entrepreneurs often make career transitions following a layoff, downsizing, outsourcing, retirement, or desire for independence.
• Recognition: entrepreneurs are hungry for: status, power, or recognition for the value of an idea or a company.
• Generation of wealth: although entrepreneurs can become wealthy people, entrepreneurs do not normally consider the creation of wealth as their main objective; Wealth creation is presented as a by-product of the entrepreneurial adventure.
• Principles – Many entrepreneurs are driven to create businesses that are guided by deeply held principles and values that contribute to their community and society as well.
What motivates an entrepreneur is a drive to control their hours, manage their workload, and manage their destiny. Entrepreneurs want to imagine a future where they are doing what they love to do!
