There must be some pretty good reasons as to why thousands of new businesses are founded each year, right?

Well, according to business owners, there are plenty of great incentives and motivating factors. Following are some thoughts for the upcoming entrepreneur who would prefer to run their own show.

Control

The ability to direct both your future and that of your business is a huge motivating factor for entrepreneurs. When you're in the driver's seat, you are making the decisions on how you see your company in the future and the direction you wish to take. When you are able to make your own decisions about how best to operate your business, this leads to creating a culture, a brand and an organisation which reflects your vision. Many entrepreneurs consider themselves 'Type-A' personalities, people that like to take control and make the decisions.

"My life didn't please me, so I created my life." - Coco Chanel

Challenge

As an entrepreneur, you can be certain that each day will be filled with new opportunities to be creative and challenge yourself. The great thing about running your own business is that you will rarely experience the same day twice and you will be constantly learning. It's quite fascinating the amount of moving pieces you need to keep in check just to keep your business on track.

"The best way of learning about anything, is by doing." - Richard Branson

Passion

So many entrepreneurs say the long hours they invest in growing their business doesn't feel like work because they're actually enjoying what they're doing. If you really think about it, we will spend the majority or our lives working so why not make it our passion?

"Your work is going to fill a large part of your life and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do."— Steve Jobs

Lifestyle

One of the most appealing benefits of your own business is that it enables you to set your own priorities. It allows you the flexibility to work from wherever you want and when you want. It's the ideal situation for those preferring a more spontaneous lifestyle.

"A lifestyle change begins with a vision and a single step." - Jeff Galloway

Risk

There's absolutely no question about it, business is risky business. There are an unlimited number of variables that can occur and as soon as you think you have things under control, a whole new set of challenges can appear. Upcoming entrepreneurs must not only deal with the logistics of starting a business, but they must also be prepared to risk their own funds to back their idea. This not only shows true commitment to your vision but also looks great for future investors.

As a business owner, one must be prepared to not only take risks, but also learn to live with consequences of their decisions, whether good or bad. Like any great game in life, the more you play, the better you get and you learn to recognise good opportunities from bad ones.

"If you’re not a risk taker, you should get the hell out of business." — Ray Kroc

Proactive

Entrepreneurs as a whole seem to really despise red tape. They don't like to wait on approvals and waste time reading guidebooks, they write the rule and show others how it's done. True entrepreneurs are ready to jump in and just get it done. Never underestimate the possibilities of truly proactive people.

"The way to get started is to quit talking and begin doing." — Walt Disney

Tribe

We all want to surround ourselves with positive, like-minded and motivated individual who support and bring out the best in us on our journey. Those who share our vision and aspire to similar goals so we can continue to lean and grow with one another. Running your own show allows you to select your tribe to ensure you have the ideal team to bring your vision to life.

"Train people well enough so they can leave. Treat them well enough so they don't want to". - Richard Branson

Rewarding

There's nothing more rewarding than giving back. Many business owners love the idea that of building a successful business so they are able to give back to the community. It gives founders a sense of true accomplishment that they are in a position to create jobs for their local communities and also donate their own time and money.

"It is not what we get. But who we become, what we contribute… that gives meaning to our lives." - Tony Robbins

Pride

Ok, let's face it. There is nothing more rewarding than success as a result of your own efforts, hard work and sheer determination. Reflecting on how far you have come, the many unexpected obstacles you have faced to build your very own business. Recognising that you are a risk taker, have what it takes to turn a simple idea into something great and you hung in there despite all the challenges.

It's a sense of pride one can only get from bringing their vision to life and is one of the key reasons why people choose to go into business.

"Success is only meaningful and enjoyable if it feels like your own." - Michelle Obama

Inspiration

"I doubt I’ll ever go back to corporate work. Once you see the light, there is no turning back." — Magnus Jepson

"What people have the capacity to choose, they have the ability to change." - Madeleine Albright

"Your time is limited, so don't waste it living someone else's life." - Steve Jobs

"Take risks. Failure is a stepping stone to success." - Arianna Huffington

 "The true entrepreneur is a doer not a dreamer." - Nolan Bushnell

 "I never dreamed about success, I worked for it." - Estee Lauder

"Screw it. Let's do it!" - Richard Branson

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