Professional Business Tools
Helpful resources
improved Business Success
Saturday, June 21, 2025
Excellent Businessplans.com
No Result
View All Result
  • Login
  • Register
  • Homepage
  • Business Concepts
  • Business Idea
  • Startup
  • Business Growth
  • Leadership
  • Marketing
  • Finance
  • Resources
  • Downloads
  • Homepage
  • Business Concepts
  • Business Idea
  • Startup
  • Business Growth
  • Leadership
  • Marketing
  • Finance
  • Resources
  • Downloads
No Result
View All Result
Home Leadership

The benefits of being an entrepreneur.

Is being an entrepreneur worth it?

Huubster by Huubster
in Leadership, Personal Development, Running a Business
Reading Time: 4 mins read
entrepreneur benefits

Is being an entrepreneur worth it? What are the entrepreneur benefits? Why do you want be an entrepreneur? It helps to ask yourself why you want to be an entrepreneur. (Test yourself here). Most people think on being an entrepreneur as being an ideal. In reality, it is a personal choice you make, or it is sometimes forced on you, for example when you’re out of work (being independent). Making this personal choice is important. Here are some thoughts about this:

Being an entrepreneur allows you to

  1. Make money – as an entrepreneur you can make money and more money than earning a paycheck.
  2. Grow your personal skills, in ways you didn’t even know before your started – as an entrepreneur you need to learn a ton of stuff. So, if you are eager to learn, you are okay. It’s like investing, getting capital, building your organization, personal leadership, setting up websites, learning about administration, legal, learning to delegate, cooperate, etc.
  3. Be independent. Take your own road. Not be dependent of other people.
  4. Be independent of a paycheck.
  5. Start your own business without a boss (but you need to be skilled enough).
  6. Create your own job, if you can’t find a paying job.
  7. Have your own exciting adventure.
  8. Take on risks.
  9. Be your own boss, this is certainly a benefit from being an entrepreneur.
  10. Manage a team of people – you can be a provider of work, this can feel very satisfying.
  11. Have the energy to create your own projects and create your own venture.
  12. Be in the startup culture as a founder or owner.
  13. Be an investor, when you have excess capital, it allows you to reinvest at your liking. This feels like freedom. (However you are still be looking for the right return on investment).
  14. You can build your business. Creating your own business is very satisfying.
  15. Move into new worlds, you thought didn’t exist. Think of getting capital, learning about IT, meeting lots of new people, talking to lawyers, going to entrepreneurs meetups, international business, etc.
  16. Have society status, most societies value entrepreneurs. Being an entrepreneur can improve your social standing.
Which is one of the greatest benefits of being an entrepreneur?

This is why entrepreneurship can be difficult

  • You get unsteady income – a monthly paycheck is not secured. If you have a family, this might create financial stress.
  • You need to put in more working hours than most. A good suggestion here is to delegate/outsource some of the work (preferable with a partner – you get more effective and have a fallback option).ย  However you need first to get a bit of revenue to get income. This can be tricky. Try for low cost options as you start (bootstrapping).
  • No more a boss doing the thinking and acting for you. You are increased responsible for what is going on.
  • You are responsible for it yourself, so you need to be disciplined and have willingness to take on risks. It can be a bit lonely as you are responsible for running things properly. When something is not working, you are the one to fix it.
  • Tip: fix a bit of the stress by working out. It clears your mind, and makes you stronger.

Do I need formal education in becoming an entrepreneur?

We think, you do not need formal business training, but it helps having lots of business thinking under your belt. Think about managing your company’s finances (financial knowledge), knowing about your market (market knowledge), finding about legal ownership (a bit of legal skills), your customers (customer knowledge), how to get your products or services to market (market approach), distribution (logistics), working with staff (hire people and developing leadership skills) and so on. Read a lot of books and articles on entrepreneurship, and use a business plan to summarize your knowledge and market approach in the plan. This helps you along the rocky road. However reading brings you only so far, but learning by doing gets you even further. So just do.

So ask yourself, why do you really want to be an entrepreneur? Is it for money, fame or fortune? Write this down in your business plan and face your own thoughts. After a while, say 1-2 months or so, revisit your initial thoughts in the plan and see if they still hold true. Then you know for sure, why you want to be an entrepreneur.

What skills should I develop to become a better entrepreneur?

Read this list on the top skill sets for an entrepreneur.

Personal Motivation

With this personal motivation written down, you can use for keeping your motivation, staying strong when things are getting rough/though and difficult, or not going the way you want. With this motivation and reasons you can become more effective, stronger and more resilient as an entrepreneur. This is called ‘being grounded’.

What also might help in this phase, is asking other entrepreneurs, why they became entrepreneurs in the first place. Your personal story will be different from theirs, but your motivations might be similar, which connects a lot easier.

Find some more motivational quotes here on our Pinterest page. Read them and feel energized.

Test your Entrepreneurial Self

There are some tests which can help you assess if you have what it takes to be an entrepreneur. However, these are only tests. You decide for yourself, of course.

  • Entrepreneur Quiz: https://www.humanmetrics.com/entrepreneur
  • Personal assesment: https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/business-assessments/pages/self-assessment-test-your-entrepreneurial-potential.aspx
  • Enterpreneur test: https://www.psychometrictest.org.uk/entrepreneur-test/
  • MBTI and entrepreneurship:https://www.reddit.com/r/mbti/comments/7lb625/mbti_and_entrepreneurship/

Good luck on this exciting journey!

Was this article helpful?
YesNo

Recent Posts

A business plan creates 30% greater chance of growth.

10 Important elements of a good business plan.

Are you an entrepreneur? Do the test.

25 Small business facts to make you think.

Business Concepts and Definitions.

Share your experience

Weโ€™d welcome your honest feedback! Tell us whatโ€™s working, what could be better, and how we can add more value. Start the 6-minute survey here.

Need a personalized Business Plan?

Need a personalized, professional business plan? Reach out โ€” weโ€™re here to help you get started!

About Us

We help you with creating excellent business plans for your business with great resources, ideas, templates, downloads and tips!

User Rating

4.6

Follow us on Social Media

Subscribe to free Newsletter

Popular Articles

What are the Top 10 most started and successful businesses?

25 Small business facts to make you think.

Porterโ€™s Value Chain Analysis: A key to gaining Competitive Advantage

Top 20 most used Business Concepts explained

10 Steps to create a powerful trend analysis for your business

Business Concepts and Definitions.

10 Pitfalls when you are writing the business plan.

A business plan creates 30% greater chance of growth.

Top 10 challenges of scaling a business

Topics

  • Business Books (7)
  • Business Concepts (56)
  • Business Growth (37)
  • Business Idea (40)
  • Business Strategy (35)
  • Courses (9)
  • Definitions (5)
  • Finance (39)
  • Human Resources (9)
  • International Business (15)
  • Investing (6)
  • Leadership (35)
  • Legal / Administrative (13)
  • Logistics (7)
  • Marketing (44)
  • Office Space (9)
  • Organization / Team (19)
  • Personal Development (31)
  • Personal Health (5)
  • Resources (12)
  • Running a Business (61)
  • Sales (8)
  • Science (1)
  • Startup (30)
  • Sustainability (7)
  • Technology (32)
  • Time Management (9)
  • Travel (1)
  • Trends (9)

Downloads

  • Business Plan Template Business Plan - Template
    Rated 4.5 out of 5
    $15.95
  • Business Model Canvas Template Business Model Canvas - Template $4.95
  • Business Startup Checklist Business Startup - Checklist $4.95
  • Financial Business Plan Financial Plan - Template $14.95
  • Business Plan Financial Plan Bundle Template Business plan and Financial plan - Bundle Offer
    Rated 3.7 out of 5
    $22.95
  • About
  • FAQ
  • Contact
  • Advertise
  • Privacy

ยฉ 2025 - Excellent Business Plans

  • Home
  • Business Idea
  • Startup
  • Business Concepts
  • Business Strategy
  • Running a Business
  • Business Growth
  • Business Books
  • Marketing
  • Business plan and Financial plan – Bundle Offer
  • Downloads
  • Contact
  • Advertise

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
0