Entrepreneurs were traditionally regarded as people with drive and ambition to succeed. They were regarded as individuals who were inspired by an idea for their business and would pursue this avenue rigorously and were not afraid to take whatever risks necessary in order to succeed. Classical examples of successful entrepreneurs include Donald Trump, Bill Gates, Richard Branson, etc. These characteristics of entrepreneurs have not changed but there are other considerations in deciding if you want or should become an Entrepreneur.
The first is job security. Since the collapse of Lehman Brothers last September, the world has witnessed a global recession that has affected economies worldwide, caused widespread unemployment, business closures, property foreclosures, huge losses in investments and share price and massive deficits in pension funds. The end result is for the foreseeable future no job is safe.
The second reason is you become your own boss .You make all the key decisions. You chose who you sell to, who you buy from, who you work with, ( in the case of network marketing how you build your team) You decide how much you work and how much you spend on promotion, marketing, and advertising.
The third is your opportunity for greater financial success. Entrepreneurs have been shown to grow personal fortunes through the development of their companies. Employees in companies rarely get rich unless they have stock options, golden parachutes, or lucrative bonus programs. This is usually restricted to the highest levels of major corporations and may be restricted to certain industry groups such as banks or financial services companies. When you work for someone else, you are contributing to their financial future all of the time and to your own financial future to the extent that they decide.
The fourth reason is the opportunity to have control over your life and job. It is not just the ability to say what hours you will work but it also involves every step in the operation of a business. You have an opportunity to spend more time with your family, friends develop interests and hobbies, go on vacation when it suits you, avoid the dreaded commute to work and still be able to pay your bills, mortgage etc When you are the boss, all decisions ultimately circle back to the boss (you) and his/her motivations and this determines how successful the business will be.
The fifth is a great sense of personal satisfaction. Business entrepreneurs have great opportunities to be contributors in their community. Membership in chambers of commerce, business awards, community boards, and other corporate boards of directors serve their personal esteem and are motivating factors for entrepreneurs.
With the increasing dominant force of the internet as a vehicle for marketing, there has never been a better time to consider being an entrepreneur and I would recommend an online marketing business as the most productive and successful step for anyone considering to become an entrepreneur.