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Does Money Really Drive Entrepreneurs?
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Does Money Really Drive Entrepreneurs?

Not all entrepreneurs decide to work for themselves for purely financial reasons. Obviously none complain if and w...

Does Money Really Drive Entrepreneurs?

Not all entrepreneurs decide to work for themselves for purely financial reasons.

 

Obviously none complain if and when financial success comes their way, but there are other significant drivers that can make a freelance life worthwhile.

 

In this article, we explore five other attractions of the entrepreneurial life. For some entrepreneurs, these are more important than the potential financial rewards.

 

Freedom

However much an individual works their way up the ranks in a company, they will always be reporting to someone, whether it’s their line manager or the board.

 

As such, employees always have to deal with others having a say in the strategy of the company. Entrepreneurs can have ideas and run with them—for good or ill!

 

Work / Life Balance

An entrepreneurial life is rarely an easy one, but self-employed people do have the chance to build their businesses around their lives, instead of building their lives around their jobs. This can sometimes lead to an improved work / life balance.

 

Challenge

Few successful entrepreneurs would say that building a successful business is simple. It is at times both thankless and exhausting.

 

However, some people thrive on this challenge, and with such challenges comes job satisfaction.

 

 

Flexibility

Self-employed individuals no longer have to answer to “the man.” This means they no longer have to stick to one-hour lunch breaks, and set holiday allocations.

 

Obviously there are substantial trade-offs: no holiday pay and no overtime are just two, but for many, this is a fair trade for a more flexible lifestyle.

 

Ownership

However hard somebody works within a company, it will never be theirs (unless they’re contemplating a buyout!)

 

Entrepreneurs (again, for good or ill) have ownership of their businesses. This means something to leave to their children, or something to sell if it proves a huge success.

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