Why Become an Entrepreneur?


By Donald Aleksy


There are three basic reasons to consider becoming an entrepreneur:

Controlling Your Destiny.

This is usually the greatest motivator to the path of self employment. Entrepreneurs can plan their business activities around their personal commitments. The entrepreneur can prioritize for themselves rather than have a boss dictate terms. Entrepreneurs make decisions based on how important they feel a business activity may be, not how important some else believes the activity may be. An entrepreneur works for their own goals, not for others. This right is the greatest reward of Entrepreneurship.

Independence from Supervision

Entrepreneurs answer to many people including customers, vendors and lenders. But these relationships are based on partnering, not supervising. This difference allows for creativity and growth. This difference subordinates stress and pressure.

Achieving Great Profits

The first two reasons are guaranteed. Profits are not. Entrepreneurs take risk to achieve significant profits. At the same time the entrepreneur recognizes that may incur loss. Profits are the most difficult objective to achieve and often take considerable time to realize. The new business must be properly researched and planned. This increases the odds for greater success.

Questions to Ponder for the Entrepreneur:

1) Do you give up on your favorite team when it is behind late in the game? The entrepreneur must be determined and not give up easily.

2) Are you curious about the origins and ending points of rivers? Entrepreneurs are constantly curious looking for better ways to be creative.

3) Do others look to you for leadership during critical times? This role requires self confidence.

4) Are you constantly adjusting your goals as you work towards a long term objective? Entrepreneurs tend to strive for new heights.

5) Do you consult with others on most decisions? Ultimately the decisions are up to the entrepreneur only.

6) Do you tend to daydream? Entrepreneurs are dreamers but they are based on reality.

7) Do routine tasks make you restless? Entrepreneurs are action-orientated goal seekers.

8) Are you stubborn? A certain amount of stubbornness comes with determination.

9) Do you like yourself? Confidence comes from within. Good leadership stems from self-assuredness.

10) Is making money your only goal in starting a business? For a true entrepreneur the satisfaction of building your own successful business ranks higher than making money.

The Center for Entrepreneurial Management cites the following characteristics as common among entrepreneurs:

1) Many are children of self employed parents.

2) Many are descendants of parents or godparents who immigrated to the U.S.

3) Many were enterprising in their youth.

4) Many are the oldest child.

5) The majority state their prime reason for starting a business was to be on their own.

For more coaching tips, go to www.YourTupperwareOnline.com. You will be able to read success stories from successful people who used our coaching. Sign up for our free Ezine and receive valuable coaching tips including our next article featuring success using an accountability coach.


More Resources

Ten Traits of Successful Entrepreneurs
Successful entrepreneurs have many traits in common. Here are ten of those traits that I consider to be very important.
The Perfect Little Coffee Shop: Are You Afraid of Failure? Are You Letting that Failure Cripple You
Ah, coffee, the drink of choice when I want to share a special moment with friends, when I want to sit and ponder life or when I want a moment alone. I am an avid coffee drinker.
Drive Website Traffic Unconventionally, Force Your Children To Do It
If you believe that every little bit helps then keepreading..
Street Smarts Vs Book Smarts, What Does It Takes To Be An Entrepreneur
The latest series in "The Apprentice" features 2 distinct groupof candidates. One group, who are only high school graduates aretermed as "Street Smarts" by Donald Trump whereas, the othergroup are all college educated with some having MBAs and advanceddegrees.
Why I Should Go In To Business
Rohit Kochgaway was very upset with his boss for his rebuking him today in office. He was very upset with his job.
From Bank Clerk to Entreprenuer
What seems like a century ago, I left school and joined a well-known High Street Bank. In those days working as a bank clerk was a well-established route for many school leavers and perceived to be a proper job with prospects.
The Entrepreneurs Dilemma
In business, you plan to protect your inventory, your unique ideas and approach, and your money. It's easy to replenish inventory, come up with new ideas and make more money.
The Magic of Float
If you've ever received a service today and paid for it in 30 days you've experienced the concept of "float" - the time difference between when you receive a service and when you paid for it. In most cases this time period is a convenience to you as a customer, but in the world of business marketing it can absolutely transform your business.
Opportunity Does Not Knock
Q: I'm graduating this year with a degree in business and would like to start my own business rather than get a corporate job. I have a few business ideas, but none of them really gets me excited.
Needs Versus Wants For Entrepreneurs
How often do the words "I need" come out of your mouth, as it relates to your business? When you run your own company, it's easy to think that the only way to succeed is to be moving forward with your expenses -- the newest technology, a broader circle of professionals providing you services, involvement in more and more costly marketing efforts, etc. And it's particularly difficult to resist the urge when you know you can generally take a tax DEDUCTION for any business expenses.
The Ideal Length of Your Business Plan
How long should a business plan be? A business plan needs to be whatever length is required to excite the investor, prove that management truly understands the market, and detail the execution strategy. From surveys of investor needs, Growthink has found that 15 to 25 pages of text is the optimum length in which to accomplish this.
Its Good to Know Your Banker
Recently my bank opened a new branch that is a few miles away from my house. I used to visit the local branch that was located in the grocery store and enjoyed seeing the ladies on a weekly basis who were the tellers.
Bonsai Marketing
Site location analysis of regional service areas and planning for mobile businesses is just as important as choosing a fixed site for any business. The region must be scouted out whether you are simply adding another service unit or deciding to open an entire new marketing area.
Business Start Up Tips From Some Hearty Entrepreneurs
When's the last time someone asked you: "What's new?"If you're starting or growing a business, an e-business, or a web site, the answer is: "Everything!" - especially on the inside.Face it, launching a new enterprise - or taking it to the next level - can sometimes feel scary and overwhelming.
Think - Dont React
How you think, your relationship with yourself is what decides how well you communicate with your customers and relate to your team.The most important relationship you'll ever have is the one you have with yourself so you've got to get that right.
Developing A Contract
As a service provider, the most important type of "boundary" you can set as a business owner involves those policies and procedures that govern how you interact with your clients. The more precise you can be about the services you provide, your fee structure, and what you expect from your clients, the smoother your work relationships will be.
10 Ways Entrepreneurs Shoot Themselves In The Foot
Entrepreneurs and their businesses have a tendency to ambushthemselves when they aren't looking. This affects how muchrevenue they can generate, how fast their business rises,and even if they survive after the first few years.
Starting a Company on a Shoe-String Budget
A lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources.
10 Essential Tips for Starting Entrepreneurs - Ignore these at your Peril!
1. Do What You LOVE: If you've chosen your business because you read that this niche was the next hot one, or because your favorite uncle (or your best friend) thinks you'd be well-suited for this business, you may as well pack up now and save yourself some time and money.
Are You Ready To Be Your Own Boss?
You have this burning desire you want to be on your own. The temptation is so great that you want to quit your job.

More Entrepreneurialism Information:

Related Articles

Its Good to Know Your Banker
Recently my bank opened a new branch that is a few miles away from my house. I used to visit the local branch that was located in the grocery store and enjoyed seeing the ladies on a weekly basis who were the tellers.
Should You Write Your Own Business Plan?
If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread.
Creativity & Entrepreneurship - Key Questions From My Students
Hello Creative Entrepreneurs!Thought for the day:"It is not easy being an entrepreneur, but it is always rewarding. It takes great discipline, self-motivation, hard work and perseverance to achieve your dream.
Health Insurance for Solo Entrepreneurs
One of the most important benefits employed people enjoy is health insurance coverage. It is also the single most costly expense for self-employed entrepreneurs.
Empathy - Not Business Plans - Key to Your Home Based Business Success - Do You Have Empathy?
EMPATHY is a Natural Talent, you were born with it and you will never loose it. It can be a blessing or a curse in a home based business.
Venture Capital Negotiating Issues
When companies enter into negotiations with venture capital firms, there are several issues which need to be defined and agreed upon. This article describes the key issues.
PTO; Justification of the Means and the Ends
Some would say about certain issues that the means do not justify the ends. Well more often the ends do not justify the means.
Good Questions, good Answers; Bad Questions, Bad Replies
I'm convinced that asking the right questions is one of the most important skills you need to become a successful business person. Questions have the power to direct you or to distort you.
Rambling Confessions of a Recovering Entrepreneur
I told my family that I finally accepted that my passion had become an ob- session, and you could even call it an addiction. They all laughed.
Online Women Entrepreneurs Need To Pace Themselves
Saving time means pacing yourself, being organized, and always prioritizing your duties, responsibilities and efforts.Pacing yourself means allowing time for unexpected situations, such as having enough time to check the ever-growing inbox, setting-up special autoresponders for automatic responses (a miraculous tool?really), and other technical issues of running an interactive website and blog.
Realism vs. Optimism in the Business Plan
The most important function of a business plan is to create interest among investors so that they write a check. In achieving this goal, business plan writers are often challenged by determining the proper level of optimism in their plan.
7 Lean Marketing Laws For The Inspired Entrepreneur
The following laws will provide guidance on how to act,think and work in a lean way. You can apply these laws toall areas of your life, work and business to get biggerresults from the time you invest.
How To Start a New Business
While it is tempting to just leap into a new business because of it's exciting possibilities, a few key planning points will vastly increase your chances of success. These steps aren't difficult, but they're easy to skip.
Evaluating an Opportunity
Business opportunities are often based on broad trends, such as:? demographic, such as the "graying" of America (creating opportunities in health services, for example);? sociological developments, like the "green" movement, with its emphasis on recycling and environmental sensitivity, and;? cultural changes caused by changing economic conditions and technological developments.Opportunities can also frequently be found in current and developing business trends such as:? the globalization of business,? the need for outsourcing created by downsizing, and? the burgeoning service economy.
Interview with Best-selling Entrepreneurial Authors Barbara Winters and Nick Williams
Ray Bradbury's quote, "You've got to jump off cliffs all the time and build your wings on the way down" may sound extreme but, as anyone building a business knows, it has a lot of truth in it.As a newly self-employed journalist / writer and life coach, I found Barbara Winter's book, "Making a Living Without a Job" invaluable so when I got a chance to interview her and Nick Williams in London, I was delighted.
Starting a Company on a Shoe-String Budget
A lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources.
Questions For The Entrepreneur To Be
Entrepreneurial e-gnorancePart 1: Questions for the entrepreneur to beIf you are an entrepreneur starting out, or have been around the block for some time but are yet to hit on the jackpot, you might be missing out some of the cornerstones of doing busingg through the new age media, the internet. Ask yourself the following questions and in seeking out answers to the, you may find the magic touch that could propel you to the success that drives you everyday.
Entrepreneurial Business Plan The Down And Dirty Way
Does the idea of running your own business sound exciting? Do you have a business up and running and want to take it to the next level?After coaching hundreds of entrepreneurs at various stages of their evolution, I've found that the answers to these 5 questions can make or break any endeavor. Of course there are lots of other areas that must be addressed, however these will get you moving in the right direction quickly.
Increasing Business BIGTIME with a Successful Referral System
What I've discovered from most of my small business clients is that most would prefer to build their business through referrals rather than through direct mail, advertising in newspapers, radio, TV. However, most leave the referrals to a somewhat chaotic, unplanned approach.
Drive Website Traffic Unconventionally, Force Your Children To Do It
If you believe that every little bit helps then keepreading..