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 …

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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, …

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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 …

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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 …

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Self-Confidence drives people to open new businesses.

Self-confidence: a feeling of trust in one’s abilities, qualities, and judgment. The difference between hubris and healthy self-confidence often comes down to your ability to pull it off. When you’re sure you can, the only question left is: Why not? Now imagine toiling away in someone else’s enterprise when you’re …

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