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 also no secret that when it comes to financial success entrepreneurship carries hefty rewards but there is much more to it than money. Wanting to have the best fashion brand, restaurant or simply owning more property than anyone they know, many entrepreneurs start businesses to compete.

We found 15 reasons why people start businesses.

For a look at the 15 reasons as well as the personality traits that are most commonly found in entrepreneurs please visit the full study here: Why people start businesses.

What people who started businesses had to say about competition.

“To me business is a sport. I love knowing that 24x7x365xforever I’m competing with people I don’t know. To build my businesses. To come up with new ideas. To come up with better ideas. That motivates me.”

Mark Cuban, Mark Cuban Companies

I have always been highly competitive. And, while I teach in my workshops
and keynotes about the importance of collaboration over competition
internally, I also share I won’t let a 3 year old win at Candyland. There
is that fine line of knowing when it’s important to win and to know when
it’s important to collaborate with others and ensure you are creating
success for all. When I can create success for other people, that’s when
I’ve found I’ve achieved my greatest successes.

Michael Levin, Custom Solutions Inc

I looked at my competitors and I thought that, If they could do it, I could do it. And if, they are popular and doing well, I could compete with them. Good sportsmanship means treating others with respect. I consider myself a pretty good sport.

Tommy Hilfiger, Tommy Hilfiger Corporation

If leaders are being honest I think many of us would agree that desire to lead and natural competitiveness is what gets us out of bed in the morning!! When I started Just Between Friends over twenty years ago I really didn’t start out to be a leader or compete in a marketplace. I was a mom who wanted to find a way to clothe and equip my growing children. Fast forward a couple of decades and leading our team and franchisees to success is all I think about! And of course, also keeping the competition at bay! We are the largest in our industry. And I fight every day to keep it that way!!!

Shannon Wilburn, Just Between Friends

“I have been up against tough competition all my life. I wouldn’t know how to get along without it.”

Walt Disney, The Walt Disney Company

“The reality is, is that we love competition, at Apple; we think it makes us all better.”

Tim Cook, Apple

Check Also

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 …