According to Statistics Canada, there are 3.5 million entrepreneurs. Increasingly, many Canadians are choosing to work independently, but have you ever wondered why? If you want to work independently or are considering becoming an entrepreneur, answering this question is important.
There are several ways to enter a dynamic field like entrepreneurship. Below, we highlight nine reasons why people choose to become entrepreneurs.
Their Creativity Doesn’t Fit the Corporate World
Many people find it challenging to conform to the corporate mold. They prefer not to devote all their time and energy to someone else, only to have their ideas and creativity taken over. Instead, they would rather sell their own ideas. Sometimes, an employer may not appreciate their ideas or be convinced of them in the first place. That’s a significant reason why people choose to venture alone and start their own business.
Flexibility and Balance
Being an entrepreneur means you are the boss, with no need to adhere to a specific work schedule or following the traditional 9 to 5 hours. As an entrepreneur, you can start and end your day whenever you want. This could mean that you could work weekends or choose to start your weekend earlier. You can also schedule your work hours to complement your own timetable.
Passionate About Learning
Most entrepreneurs are consummate learners; they strive to learn more about their industry to stay on top of trends. After all, curiosity is an important skill for an entrepreneur to have because it allows them to question things and can lead to a new invention or the next great idea.
Have Unconventional Ideas
An entrepreneur must have unconventional ideas; if they think like everyone else, they cannot stand out in a competitive niche. Thinking outside the box helps them sell themselves better and creates a larger profit margin. This could manifest itself in how they market a product or develop a specific marketing strategy.
Create Generational Wealth
Another reason people might choose to become entrepreneurs is to create generational wealth. For example, if a family-run business is extremely successful, they might dedicate their time and energy working for the family instead of pursuing a career elsewhere. Some choose such a path to create enough wealth for their children and grandchildren.
Want to Take Action
Some people are proactive by nature; they might struggle with someone telling them what to do and what not to do. To that end, they choose to work for themselves. After all, the only person they need to take permission from is themselves, which allows them to create their own work opportunities. Entrepreneurs who thrive in a can-do environment often carve out their own path, which can be risky, but it is an essential part of entrepreneurship.
Want to Change the World
Although changing the world might be a challenging feat, many entrepreneurs thrive and become successful because of that very desire to challenge the status quo. They do not accept things for the way they are; they continuously look for new ways or ideas to make things better. They embrace one challenge after the other, which often leads them to ventures they might have never thought of.
Embrace Opportunities
Entrepreneurs are risk takers; they constantly explore new avenues for growth. Whereas some people might feel afraid of new opportunities because of failure, entrepreneurs usually embrace challenges and dive headfirst into any new challenge fearlessly.
They Seek Freedom and Control
Conventional 9 to 5 jobs do not offer freedom or control, which are two essential qualities for being your own boss. Many entrepreneurs must carefully maintain a healthy balance between the two, especially when their business grows and becomes more challenging.
Having explored why people become entrepreneurs, the decision is all yours if you choose to go down this path, especially if you have a great idea that you want to turn into a reality. So, what are you waiting for?
David Messiha | Staff Writer
