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There is a diverse range of motivating factors as to why individuals choose to start a business. Whether a business idea or opportunity came first, or whether it was the desire to start a business does not play a significant part.
It is often the case that that once someone has experience of working within a company, a big, well known, corporate enterprise or a small start-up that they become inspired to start their own company.
This could be because they desire the freedom to make their own decisions and work in a style that suits them best, or they could have used their experience of working in a particular industry that empowered them or helped them find an idea.
There is also the concept of finding meaning and fulfilment in your work, this relates to being a happier person and people want to pursue a path where they feel their work is worthwhile.
Others are motivated by creating an entity of their own for the purpose of becoming wealthy and sometimes working towards leaving a legacy behind.
Here are a few of the many reasons people have had for starting their own business:
Regardless of whether your motivation is to make a difference in society, earn a couple of million or both if you want to be successful at your business there are steps in place for this that must be followed.
Starting and running a company requires the entrepreneur to take on many tasks and responsibilities that they may have no experience in such as dealing with the legal and financial side of running a company.
Additionally, it does require a level of risk involved, along with a huge investment of time, effort and your passion, depending on the way you structure and organise your business.
There will be times when it may seem easier to quit working on your business, hence why it is so important to have a solid reason that will stop you from walking away from your business and that will keep you motivated: