Entrepreneurship is a journey that requires a lot of hard work, dedication, and motivation. But what drives people to become entrepreneurs? What are the motivations that push them to take the risk and start their own business?The three main motivations of an entrepreneur are finding personal meaning in creating a business, seeing the true value of one's beliefs, and the desire for control. These motivations can be driven by a variety of factors, such as wanting to make a lasting legacy, wanting to make a difference in society, or wanting to generate wealth. Finding the personal meaning of creating a business is one of the most powerful motivations for entrepreneurs.
It is the feeling of freedom, independence, and self-reliance that drives them to undertake this difficult journey. This motivation is unique to entrepreneurship and cannot be achieved in any other application. Seeing the true value of one's beliefs is another strong motivation for entrepreneurs. They may want to become the image of a brand and earn the taste of fame along the way.
They might want to leave something that appreciates them or even move the business to a future generation. The courage to take risks usually comes from having faith in something, and faith arises when you have a passion for something. The desire for control is another factor that drives many entrepreneurs who aspire to achieve a leadership position. When you are the head of your own organization, you can make all the decisions, from who is hired and with what salary, to what new strategic directions your business is heading. Workers tired of the poor performance of their previous companies or those who work with an inept CEO could be especially motivated by this factor. Being profitable is an inherent motive of an entrepreneur.
Most business owners want to make a profit. Few professions generate the wealth that a successful business can generate. The richest people in the world, including Jeff Bezos, Bill Gates and Warren Buffet, are entrepreneurs. Some entrepreneurs aren't as interested in money or experience as they are about making a lasting legacy or making a difference in society. They may want to improve the lives of people who live in their neighborhoods and local communities or create a product or service that will change the way people think and live. A strong mission statement that you and your employees understand and believe in can help you set business goals, avoid mistakes, and stay motivated when faced with difficult times.
Create a routine to stay on track: if you keep it long enough, you may be automatically motivated to work without having to think twice. People become entrepreneurs for a variety of reasons including wealth generation, vision of transforming people's lives, autonomy and sense of accomplishment. All these industries require someone who is motivated to leave their own mark on the world and create something new. Motivation is considered “the internal state that energizes activities and directs or channels behavior towards the goal”. Intrinsic motivation is the internal form of motivation that comes from within oneself and can be driven by passion, ambition, or even fear.