Why do you wanna be an entrepreneur?

Categorized under Entrepreneurship

Why do you wanna be an entrepreneur? Sometime back, I had placed this question on various discussion boards, and that received overwhelming responses; an instance of it can be seen at a Facebook Group Discussion Board (you can join our Facebook Group for more such discussions).

Well, some of the most popular answers are -

• Freedom/Independence
• Money
• Fame
• Philanthropy
• Power/Influence

But (yes, there is indeed a “but”) to me, entrepreneurship doesn’t look “the right” option to fulfill any of the motivations above! Don’t agree? Well, lets talk about it one by one then.

If your answer is Freedom/Independence:

It’s common misconception that entrepreneurship gets rid of (or even reduces) responsibilities. An employee has to fulfill his manager’s expectations. That’s it! There is a larger audience for an entrepreneur – most important being investors, customers, and employees. The list could extend further with intangible entities like legal systems, competition and laws of profitability. If the business involves partnerships then responsibility spectrum gets still wider.

Of course, delegation is a vital management key. But it takes years to place that key in the right lock. Moreover, it’s not wiser to delegate all responsibilities; at least a good entrepreneur will keep key decisions under own control.

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