KEY BENEFITS OF ENTREPRENEURSHIP

So far, there have been multiple studies which demonstrate several indications that the small-medium entrepreneurs possess a tendency to work harder and are far more satisfied than those working in large corporations. Prior to the establishment of one's business venture, for instance, every aspiring individual who is keen to become an entrepreneur must consider what could be the key benefits of having a sole business proprietorship. Hence, the following list will address some of the key benefits pertaining to entrepreneurial aspects.

 

1. Gaining the sheer opportunity and complete freedom to control one's destiny. When we run our own business, it will provide us the freedom and opportunities to reach the goal of our lives. Being as a businessman, we will try to triumph our lives and enable ourselves to take an advantage of our own welfare.

 

2. Providing the opportunities of possible changes. Many entrepreneurs who start a business are normally driven by a certain ambition that they can seize any opportunities to make any possible changes that they think are very crucial. Besides, such changes can be simply as providing a decent life to our family, or setting up a recycling waste program to conserve scarce natural resources. In today’s era, for instance, many businessmen have now discovered an instrument to combine the manifestation of their particular concern over the social and economic problems; hoping that they will have a better life in the next several years ahead.

 

3. Having the opportunity to attain the maximum of social benefits. Although money is probably not the main attraction for most entrepreneurs at an early stage, however, the key benefits of entrepreneurship is very important as part of the determining factor in order to establish one’s business. In some cases, there are entrepreneurs who do not want to become wealthy, but rather than aiming to become successful. For example, nearly 75% of business pioneers whose names listed among the world’s wealthiest people according to Forbes magazine are the first generation of entrepreneurs. To some extent, the results from a study conducted by Thomas Stanley and William Danko stating that most of the entrepreneurs in United States are the two thirds of the millionaires which in this case, "the people who work or having their own companies are likely to be wealthier than those who work for others".