Africa

The Top 5 Reasons People Become Entrepreneurs

The Top 5 Reasons People Become Entrepreneurs

We recently had an intern, Lehlohonolo Masenya, working with us to gain experience at Matoyana and it’s thanks to her for the research on this article. We wish you all the best with your studies in Marketing Management Lehlohonolo!

  1. Opportunity

Some people become entrepreneurs because they are hardwired to be aware of opportunities available to add value in the lives of those around them and perhaps the world at large. Not only do these individuals have an eye for gaps in markets, they have solutions on how to close them too.

  1. Autonomy

Having complete independence is more important for some individuals than it is for others, so much so that the idea of working for someone else seems nearly impossible. This group of entrepreneurs believes in careers that are self-sustaining and prefer to be in complete charge of the kind of work they do, decisions that are made, the environment in which they’re in as well as when and where they work. Having freedom is very important for them.

  1. Responsibility to Society

The top 5 Reasons People Become EntrepreneursWhilst it’s evident that entrepreneurship impacts the economic status for the better, it’s also important to be aware of other socio-economic issues that may need improvement. People who become entrepreneurs for this very reason are people who come up with solutions to problems and challenges faced and take risks to implement them. Regardless of all the benefits that may result from their initiatives, their motive is to bring aboutenvironmental or social change.

  1. Unconventional IdeasThe top 5 Reasons People Become Entrepreneurs

At the rate at which the world is evolving, the level of creativity and innovation continue to change. Certain individuals who generate ideas that are considered unconventional see entrepreneurship as a gateway to bring their aspirations to life without restriction. The advantage of creating something that is your own gives you the liberty to design it however you see fit and to introduce better and alternative methods.

  1. Limited Choices

Having no other option available to you butbecoming an entrepreneur is a push factor meaning that the entrepreneur ends up playing the role not because they are driven to but because their lives are on the line and a need for income is high. These individuals become entrepreneurs due to factors like unemployment, job frustration, limitation of financial rewards and job insecurity.

To find out more about entrepreneurship and discover what drives you, read our article Which Entrepreneur Are You?

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“Graphic design will save the world right after rock and roll does.” –David Carson https://t.co/UOdQ5BVsMW #InsideDesign via @InVisionApp
We need US$40B from donors & 15-20% of domestic budgets per yr to give every child the freedom+chance to learn.… https://t.co/8OfzFwiLac
Hi @larsloekke @EmmanuelMacron @alexanderdecroo @MinPres 214 million+ women & girls who want to avoid or delay preg… https://t.co/BaYs7VTrsq
@RedbullAmaphiko 2019 intake _ Applications are open & will close 30th of Nov 2018. https://t.co/pUrFByCbl8
@StandardBankZA can you live up to your service promise? Winning marketing awards but your service & delivery is qu… https://t.co/oVtEpMRaba
Thank you for reminding us to recycle and support fair trade coffee farmers, @LaughingManCo! ☕🌱https://t.co/nJJO24tyjy
.@CyrilRamaphosa @tito_mboweni Thanks for supporting menstrual health & sanitation. Pls join us at @GlblCtzn Festiv… https://t.co/tuOH2W6gNG
.@narendramodi @JPNadda @arunjaitley @umasribharti thank you for your commitment to #UHC & #WASH! Will you pledge t… https://t.co/6BKsj3bAiv
We can never know it all when it comes to conservation and saving more water!! Thank you for teaching us how to sav… https://t.co/6Ud1BJc9Qd
Access to adequate hygiene and sanitation shouldn’t have to be an impediment for any school kid! Other corporates s… https://t.co/7a3K3sRLOY
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