why be an entrepreneur?, by terry newmyer
TRANSCRIPT
W H Y B E A N E N T R E P R E N E U R ?
T E R RY N E W M Y E R P R E S E N T S :
Being an entrepreneur seems counterintuitive
You’re giving up job security, a clear career path, and a certain end goal.
B U T S O M E O F S O C I E T Y ’ S B R I G H T E S T P E O P L E A R E E N T R E P R E N E U R S . S O , W H A T M A K E S T H E M D O I T ?
Entrepreneur Magazine explored five reasons why people become entrepreneurs. Check ‘em out!
1 . M O N E Y
T H E P R O S P E C T O F S T R I K I N G G O L D D R I V E S M A N Y T O L A U N C H T H E I R O W N B U S I N E S S . H O W E V E R , T H E C L I M B T O T H E T O P C A N B E L O N G A N D D I F F I C U LT. T H E R E F O R E , M O N E Y I S R A R E LY T H E D R I V I N G FA C T O R I N O N E ’ S E N T R E P R E N E U R I A L S T R E A K .
2 . F L E X I B I L I T Y
This one goes without saying. Part of the appeal of starting your own business is the freedom to work when you want and pursue your own strategy.
3 . U LT I M AT E D E C I S I O N -M A K I N G
W H E N Y O U A R E I N C H A R G E O F A B U S I N E S S , Y O U A R E A L S O I N C H A R G E O F A S S E M B L I N G Y O U R T E A M . S U R R O U N D I N G Y O U R S E L F W I T H T H E B E S T E X E C U T I V E S A N D E M P L O Y E E S I S A M I G H T Y R E S P O N S I B I L I T Y W I T H AW E S O M E PAY O F F.
4 . T E A M A S P E C T S
S O M E P E O P L E W O R K B E S T A L O N E ; O T H E R S I N A T E A M . F O R T H E L AT T E R , S TA RT I N G A B U S I N E S S F O R C E S Y O U I N T O A T E A M S E T T I N G . Y O U N E E D T O F I N D PA RT N E R S , E M P L O Y E E S A N D N E T W O R K S . A G O O D E N T R E P R E N E U R A L S O R E A L I Z E S T H E Y D O N ’ T H AV E A L L T H E A N S W E R S , A N D L O O K T O A T E A M F O R A D V I C E A N D I D E A S .
5 . L E G A C Y
W H E T H E R T H E Y ’ R E H U N G RY F O R FA M E , O R L O O K I N G T O E S TA B L I S H A FA M I LY B U S I N E S S , M A N Y E N T R E P R E N E U R S WA N T T O C R E AT E S O M E T H I N G T H AT W I L L O U T L A S T T H E M .