3 Things That Motivate Entrepreneurs
First Published: EntrepreneurJourney.com Mar 9, 2013
Motivation is what makes entrepreneurs think outside the box and come up with bright ideas to change lives. But is there any common denominator that motivates entrepreneurs? There are too many, actually. I will discuss three common motivators that make entrepreneurs break boundaries to make the impossible possible.
Freedom - As simple as it sounds, entrepreneurs value their independence more than anything else. To come up with new ideas and products, entrepreneurs need to break the rules, and breaking the rules is not possible when you are under someone else’s authority. Behavioral science research and consulting firm Humantelligence research shows that 60 percent of entrepreneurs valued their independence more than anything else.
Passion - Passion or obsession is one of the most important denominators that make entrepreneurs engaging and keep motivated at a project even if there is no quick solution in sight. You can not be persistent at something if it’s not interesting, challenging, satisfying, and stimulating. And that is only possible when are passionate about what you are doing and you love and enjoy doing it.
Money - If you look at Forbes The World’s Billionaires list, a high percentage of super-rich persons are entrepreneurs. Some entrepreneurs are motivated by wealth to become financially independent and some entrepreneurs are motivated by wealth to reach the ultra-rich class. So money is another major factor that motivates entrepreneurs.
A point worth mentioning is that there are many other motivators and they do not equally motivate each entrepreneur, as everyone is different. However, there is one thing that applies equally to all entrepreneurs and that is all entrepreneurs are working hard across the globe to enrich the lives of all of us.