I want to know why they lie! Since the dawn of speech people have lied, nothing new there, but when it comes to social media it seems truth is harder to come by. Lives are fabricated and everyone is full of rara but that surely can’t be true. Lets face …Read More »
Why people start businesses.
We interviewed 100+entrepreneurs. The top 15 reasons people start businesses are: Circumstance, Creativity, Nurture, Autonomy, Risk-Perspective, Opportunity, Money, Legacy, Leadership, Curiosity, Competition, Altruism, Change-Agent, Identity, Self-Confidence.Read More »
Many people start businesses as an outlet for their creativity.
Creativity isn’t always artistic, in entrepreneurs it often shows up as problem solving. Thomas Edison quickly comes to mind as a renowned inventor and entrepreneur. I personally don’t know much about Edison’s artistic prowess but it is clear that the man was, like many entrepreneurs extremely creative. We interpreted creativity …Read More »
People do start businesses to make money but for most, it is not the main reason.
Business: the practice of making one’s living by engaging in commerce. Of the 15 reasons we why people start businesses, money is the one with very little to discuss, the very aim of a business is generally to make money so it is no shock that some entrepreneur start businesses …Read More »
Some people start businesses because they are altruistic.
Altruism: unselfish regard for or devotion to the welfare of others.It is important to note from the outset that we have used the word altruism relatively broadly to include entrepreneurs driven by charity, nationalism, social conscience and humanitarianism. From the ever-growing number of social-entrepreneurs to the long in existence non-profit organizations, …Read More »
Competitiveness is often a reason why someone may start a business.
Competitiveness: possession of a strong desire to be more successful than others. From keeping up with the Jones’s to a healthy rivalry with other entrepreneurs competitiveness has led many to start a business. For some of the entrepreneurs we researched business is a sport and an exciting one. It is …Read More »
Leadership often results in people starting businesses, especially when paired with autonomy.
Leadership: the action of leading a group of people or an organization. At the helm of every great enterprise, you will find someone driven to lead. For some leadership is natural for others it is a learned skill, either way without someone leading the way it is highly unlikely a …Read More »
Many people start businesses to create a legacy.
What will you leave behind? The highly acclaimed book The 7 habits of highly effective people by Stephen R Covey asks us to ponder our own funeral. The exercise achieves two things, it tells us how we wish to live our life and what we wish to leave behind, how …Read More »
Curiosity motivates people to start businesses.
Why do people start businesses? Well, it would seem based on our research as well as asking the question to over 100 entrepreneurs; one big reason is curiosity. Personal curiosity: Can I run a business successfully? Do I have what it takes? Experiential curiosity: What will it feel like to …Read More »
Opportunity is a big reason why people start businesses.
Opportunity – a set of circumstances that makes it possible to do something. (Like open a business) For the most part, it takes more than an opportunity for people to start a business but it is generally a good nudge for those inclined to start one. From having a marketable …Read More »