why entrepreneurship

10 Reasons why entrepreneurship is awesome

There are endless reasons for why entrepreneurship is great. Here are ten simple but powerful reasons, in no particular order, why entrepreneurship is so awesome

Entrepreneurship is modern age dream. Everyone wants to live this dream but very few are bold and strong enough to bring this into reality. Every entrepreneur has a different story or reason about why he or she decided to start a business. Some have known from day one that they wanted to work for themselves and others come up with ideas while working for someone else and decide to take the entrepreneurial leap.

There are endless reasons for why entrepreneurship is great. Here are ten simple but powerful reasons, in no particular order, why entrepreneurship is so awesome.

As an entrepreneur:

1. You have full control over your destiny and have an opportunity to change lives.

You call the shots and make the decisions. You will ultimately determine the success or failure of your business. You can stop anybody coming in the way of your vision.

Having an idea for a product or service that has the potential to make a huge impact, go for it – nothing is stopping you now!

2. It provides a rush that is hard to duplicate.

There is no greater shot of adrenaline than the one you receive after reaching a goal, knowing that you worked extremely hard to get to that point.

Also, you never feel bored. There is always something to do and you will always have a long to-do list. Every day presents new challenges and new opportunities to keep you on your toes.

3. The satisfaction of saying you’re an Entrepreneur.

It is a great feeling to be able step back and say, “I am an entrepreneur and this is my company,” while proudly holding your head up.

4. Creating something from nothing and getting out what you put in.

Every business starts as an idea. You have to create it from level zero. If you are willing to work harder than anyone else, you will be rewarded accordingly. Want to experience more growth and opportunities: simply work harder.

5. Turn your passion and beliefs into a business.

You have the ability to create a business as well as impact people through your passions and beliefs. Also, when you are able to make a comfortable living doing what you love, it’s a win-win situation.

6. Feeling appreciated is great.

Let’s be honest, when you build an empire from scratch and earn appreciation and gratitude – it is empowering. It’s a great feeling when you receive an email or phone call from someone that took time out of his or her day to let you know that your product or service have helped them in a positive way.

7. You become an expert problem solver.

As an entrepreneur, you become very resourceful and over time you will learn to overcome anything and solve any problem placed in front of you.

8. Developing financial independence.

As an individual, we always look for different options to develop financial independence. For some, financial independence means having the cash to buy what they want. To others, it means saving for retirement. And for some, financial independence simply means opening the bills without dread. Whatever your definition is, it means you command your money and not the other way around. That’s a victory worth celebrating.

9. You can get competitive with yourself.

Entrepreneurs are competitive by nature. The goal is to constantly improve and grow, so turn it into a personal competition. Can you make more business contacts today than you did yesterday? Can you motivate your sales team to crush the numbers from yesterday?

10. It enables you to dream big.

No idea is too crazy and no goal is too big when you are an entrepreneur. You can dream as big as you want!

What are some other reasons to inspire you to opt for entrepreneurship? Share your thoughts in the comments section below.

7 common myths about entrepreneurship

Entrepreneurship is a career which is gaining popularity worldwide but still isn’t very well understood which is why there are so many myths regarding this career option.

Entrepreneurship is a career which is gaining popularity worldwide but still isn’t very well understood which is why there are so many myths regarding this career option. A lot of people believe these myths to be true which is why they don’t pursue their ambition of being an entrepreneur despite having a great idea. So, if you’re still confused, don’t worry, we’ve got the most common myths debunked for you.

Here’s a list of 7 most common myths about entrepreneurship:

1. Entrepreneurs are born, not made

This is the most common myth that deters people from becoming entrepreneurs. However, this is completely untrue. A normal person with an idea which solves a problem the society is dealing with can become an entrepreneur if he works on certain skills. If one is ready to develop on leadership and managerial skills and isn’t scared to take risks, one can aim to become a successful entrepreneur.

2. All you need is money

This myth is not completely justified because you may have great investors pumping in a lot of money into your venture but if your idea doesn’t appeal to the people, they will not buy your product or service. Thus, money might be important but it is more important to use the money wisely in places where it is required.

3. Entrepreneurs are usually college drop-outs

This is a common disbelieve because great people like Mark Zuckerberg, Mukesh Ambani and Steve Jobs have managed to become successful entrepreneurs without a college degree. However, a formal and educated background only helps an entrepreneur to understand concepts and the business better. An entrepreneur becomes one because of his idea and developed skills set and not his college degree.

4. You need an out of the box idea to start up

This is another myth about entrepreneurship which needs to be debunked. It is true that you need an idea to develop on but the idea doesn’t need to be a completely new or innovative one. Running a restaurant, school or any kind of business or adding value to an already existing idea which solves problems of the society can also serve as a great base for entrepreneurship.

5. Having no boss the best feeling

A lot of people consider entrepreneurship because they believe they will get to set their own terms at work and lead a team. However, this might not be a favourable scenario for every venture. With ideas like leadership coaches catching up, it is proved that even entrepreneurs who lead a team require help from superiors in order to succeed.

6. You need the perfect timing

People often comment saying that it is actually luck which will make you a successful entrepreneur. They believe that it is important that the time is right and destiny is in your favour. However, the history of entrepreneurs has proved this to be absolute rubbish as successful people like Reid Hoffman, the founder of LinkedIn, got success only later in their life in spite of a brilliant idea.

7. Starting a business isn’t that difficult

A lot of entrepreneurs we see aren’t college pass outs which have led to the common belief that entrepreneurship isn’t very difficult to achieve. Instead of attending rigorous classes, they concentrated on developing a skill set and an idea which they’ve grown only due to their hard work. A typical entrepreneur fails many times before s/he can succeed and defeat failure isn’t everyone’s cup of tea.

Related Post: 8 Common business plan mistakes

We hope we’ve debunked the most common yet misunderstood myths about entrepreneurship for you.

5 Reasons people choose to become entrepreneurs

Becoming an entrepreneur is no easy task; it requires a lot of hard work, research and determination to become a successful one.

Becoming an entrepreneur is no easy task; it requires a lot of hard work, research and determination to become a successful one. However, there are certain benefits such as freedom to make one’s own decisions which drives an entrepreneur to become one.

Here’s a list of five genuine reasons why people become entrepreneurs:

1. Creative constraints

For a lot of creative people, the regular corporate life may seem like a strict routine they need to follow for the heck of it. They also believe that their creative freedom is bound in constraints in a regular corporate life. Thus, they choose to become entrepreneurs and embrace endless creative freedom and the right to make their own decisions.

2. Entrepreneurs desire a different kind of lifestyle

The life of an entrepreneur is in no way easier that a person working from 9-5. To become an entrepreneur, one requires to put in an immense amount of hard work to watch his company grow. What sets your lifestyle apart from a generic office-going crowd is the fact that you can mould your schedule according to your requirements. Since, you’re the boss, you can call shots about holidays, vacations, work timings etc.

3. Entrepreneurs constantly want to learn

Entrepreneurship involves a constant process of learning and evolving while trying to get better. Every decision that they make is a new opportunity to learn from as they can gain a fair idea of the mistakes they make or the factors they should keep in mind for a more successful outcome. Also, they constantly look out for new information to learn about the dynamic markets and new domains to venture into.

4. Entrepreneurs have extraordinary and unconventional ideas

Often entrepreneurs are labelled as insane and highly imaginative for believing they can change the world with their unconventional idea and most of them manage to deliver. Their imagination and belief in themselves to do something big are the reasons for their success.

If the Wright brothers didn’t think out of the box, there’d be no aeroplanes today. Hence, entrepreneurs need to be creative in order to change the world.

5. They want to bring about a change the world.

It’s not just their own lifestyle entrepreneurs aspire to change, but also the world and how it is functioning currently. Their will and determination to bring about differences to the world for the better is the reason we’re living such a comfortable life. The constant innovations are a result of all the hard work that the entrepreneurs put into their start-ups.

For instance, if Ola didn’t offer services in India, women would still be worried about getting back safe at night. A single idea with an ever better implementation strategy changed the way Indians travelled.

Related Post: Is entrepreneurship addictive?

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