Top 5 Motivations for Entrepreneurs

"When it comes to starting your own business, there are many motivating factors out there: the lure of wealth, stardom, and power – you name it. But long hours, slow cash flow, and what can seem like no light at the end of the tunnel can quickly turn dreams into nightmares."

It’s one thing to have great ideas, it’s entirely another thing to turn those great ideas into a healthy, functioning business, as all entrepreneurs can attest to.

So what keeps small business owners motivated? What keeps them burning the midnight oil week after week, month after month, year after year?

We work with many entrepreneurs and small business owners. Here is what we hear on a consistent basis for why they do what they do:

1. Entrepreneurs have a true passion

At the end of the day, if you don’t absolutely love what you do, there’s no way you’re going to be able to struggle through the tough times. Having a true passion for your product, service, or offering is one of the key factors in determining how you get through those early rough stages in your start-up.

2. Entrepreneurs don’t only rely on themselves

They have a network of support to ask for help. They have people who can help them with simple tasks like minding their pet to more complicated matters like asking for legal advice. Support, in every form, is a key factor in developing a small business – no one person can do it alone.

3. Small business owners understand that failure isn’t always fatal, but continuing on is what matters most

Everyone has setbacks. It’s how you react to those setbacks that matter. Revelling in a challenge is important to some; it’s imperative to most entrepreneurs. Show me an entrepreneur who isn’t the least bit competitive and I’ll show you someone who is unable to build his or her own business. Entrepreneurs love a good challenge, and will work to overcome those obstacles on a daily basis.

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4. Entrepreneurship means building a better you.

So many entrepreneurs are creative and free-spirited – they don’t want to be harnessed by a typical career.

They have ideas and growth strategies that not only focus on building a business, but help build a better foundation for them, personally, as well. When you love what you do, and pour everything you have into it, your soul gets fed in a way that is satisfying and replenishing beyond what a typical career path can offer.

5. That sense of accomplishment is bar none.

Building something from nothing is a feeling quite unlike anything else. When you build your own business, you are literally creating something from nothing. Only you know all the personal struggles, sacrifices, long hours, and hard work that went into your goals – but the accomplishments that come out of your work is a feeling that can’t be replicated elsewhere, and this is a huge driving factor for why entrepreneurs do what they do.

On February 16, The Marketing Butler will be hosting a new kind of event that brings together entrepreneurs and small business owners in the Markham area to talk about the struggles and challenges of growing your organization. Join us for a networking/talk show event at ‘Bean around the World’ February 16th , 5:30-7pm.

Details for the meet-up can be found here:

https://www.eventbrite.ca/e/entrepreneurship-talk- markham-tickets-31288075476

We hope to see you there!

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