Why Do People Become Entrepreneurs?

Apr 28, 2021
7 minute read

As of 2017, there are over 1 million entrepreneurs in Canada, predominantly based in Ontario. Many people embrace the entrepreneur way of life on a daily basis, growing their business one client or job at a time. So, why do so many people become entrepreneurs? What’s all the fuss about?

From small business owners to self-employed people, there are many different ways you can enter into entrepreneurship. If you’re on the fence about making the switch, you may find guidance through a better understanding of the reasons why people embrace this exciting, challenging career.

8 reasons why people become entrepreneurs

Though people may have different personal and professional motivations for going into entrepreneurship, there are a few common reasons why people go for entrepreneurship, including:

1. Their creativity doesn’t fit the corporate environment

Perhaps one of the biggest reasons people become self-employed is because they find it difficult and frankly unnatural to fit the corporate mould, work for someone else, or on someone else’s timetable. As someone with great ideas, it can be challenging to convince others to invest in your plans or see the value of your career goals.

This is often a big reason why people become entrepreneurs, taking a great idea and all their creativity and putting it towards their own businesses. As an entrepreneur, you can marry your creativity with opportunity, fuelling a great business idea with passion and determination to make it a reality.

2. They want a lifestyle that isn’t nine-to-five

Another perk of entrepreneurship is that you are your own boss, and you can set your own work hours. The days of clocking in at 9 a.m. and clocking out at 5 p.m. every day are over. As an entrepreneur, you get to embrace odd work hours and report to only yourself. This means you may find yourself working 10 hour days one week and six-hour days another, with the freedom to do your job as needed.

You can also set your work schedule to complement your best working hours, such as starting late in the evening if you find you do your best thinking at night. Or you may decide to get an early start and work in the mornings.

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3. They’re passionate about learning

Entrepreneurship is probably a great match for you if you love to discover new information or study up on the latest innovation. Successful entrepreneurs are often consummate learners, researching the biggest trends in their field and staying on top of great ideas that are already in the marketplace. Curiosity is a crucial skill for an entrepreneur, as it can lead to the next great idea or innovation.

Entrepreneurs are often drawn to work for themselves because they are curious about what is beyond their nine-to-five job. They desire to be challenged and always be learning, even when they achieve success in their field. From reading business books to staying up to date on the latest innovations, entrepreneurs are hungry for knowledge so they can make their mark in their field.

4. They have unconventional ideas

Many entrepreneurs struggle with thinking like everyone else. In fact, they might feel a bit abnormal or strange in their approach to the world. This unconventional approach is one of the key skills for an entrepreneur to possess, as it allows them to think outside the box and do things differently. This could be as small as how they approach marketing a product or how they run their social media accounts. Or it can be as large as how they build community with other businesses or how they create jobs for employees at their company.