There are many reasons that people decide to become entrepreneurs. Here are some of the popular reasons why people choose to open up their own business.
Being an entrepreneur means you work for yourself and you do not have to follow the demands of a boss. Although being an entrepreneur can provide you with a lot more freedom, you do need a lot of self-control because there are times that you will have to force yourself to work many hours. A successful entrepreneur is often the entrepreneur that is working harder than any other business owner.
The goal for many entrepreneurs is just to get a business going that can be ran without their direct control of it. A great example of this is a restaurant.
Initially many restaurant owners have to work 80 hours or more per week and rarely get time to sleep much less to do any other recreational activities. Once the restaurant is successful then the owner can often times find a great manager to manage the restaurant and you do not have to be involved in the day-to-day operation of the restaurant anymore, but you still get your monthly profits.
For a lot of people they thrive on the ego boost that comes from being an entrepreneur. When people ask what you do for a living, instead of telling them that you work at the factory on the graveyard shift these people get a better feeling of satisfaction when they can tell somebody that they own a successful business.
When you’re a successful entrepreneur there are a lot of tax write offs that you can get that are not available to people who are not business owners.
A lot of business owners have what seems to be a regular job because you're forced to be there each and every day. Many business owners start up a business so they can do what they love to do. Although they work a lot of hours, they're able to start a business around something that they are passionate about and it makes going to work each day something they look forward to. An example of this is if you have a passion for bowling. If you love bowling and being around the bowling alley atmosphere then it will be much easier for you to go to work if you own your own bowling alley as opposed to working in a factory that has nothing to do with bowling.
Make More Money
Many first time business owners will fail and some businesses struggle to get by. Although this is true you also find that most people that are wealthy own their own businesses in one form or another. When you are working a typical 9-to-5 job there's usually a limit to how much you can earn at the maximum level but if you own your own business and are willing to expand and work smartly then there is no limit to how much you could potentially earn.Credit: Flickr/dok1