The One Question All Investors Ask: Why Did You Become an Entrepreneur?
Investors ask many questions about the startup but their main interest most of the time is concentrated on the personal traits of the co-founders. Investors need to see a potential in the entrepreneurs in order to believe in their startup ventures, this is why one of the most common questions that entrepreneurs get are aiming to determine their level of motivation and commitment. If you have a meeting with important investors or you just want to make that clear to yourself, ask yourself the question: Why did I become an entrepreneur?
Most of the people tend to concentrate on the reasons why NOT to start a business which will never help them become entrepreneurs. Take a look at the positive sides, the excitement of entrepreneurship and be ready to prove to yourself and to others why being an entrepreneur is a mission. Here you can find seven of the most common answers entrepreneurs give to this important question.
You want to make a difference. You are about to make a statement of your vision and deliver value to the market with your startup venture. You are the person who will create a great impact on many people’s lives – you will bring innovation, you will create jobs, you will become leader and mentor. You will create not only your own destiny, but will influence and improve the lives of many other people.
You will gain experience. Starting your own business in any stage of your life is very challenging and requires a lot of hard work and dedication. You are to learn many things the hard way, because the real game is nothing like what is explained in the books. You are about to gain a life-long experience, to learn valuable lessons and become more aware of the business world and its challenges.
You will improve your skills. In your startup venture you will develop impressive amount of skills and knowledge which can help you become better prepared for every situation and future outcomes of your startup venture. Your knowledge and skills will improve and you can discover many of your hidden talents.
You want to become more self-aware. By starting your own business you will discover many parts of your character which you didn’t even know existed. You will become aware of your strong sides and your weaknesses. You will determine the borders of your comfort zone and how you can push yourself beyond them in order to achieve your goals. Discovering your own personality is an ongoing process, which creates major impact in the personal and business development of a person.
You want to experiment more. As the owner of your startup, especially at the early stages of your business, you are able to experiment with every aspect of your work. The freedom to experiment with different approaches connected with the work process, marketing, management, company culture and so on will awaken your creative side and boost your productivity. Feeling the freedom of your decisions is what really matters in business.
You have many ideas and expect many more to come. Once you start working on the execution of your idea, many more ideas will start popping up in your mind. Often people say that entrepreneurship is addictive, but actually the case is that entrepreneurship is that exciting and creative that the flow of great ideas never seems to stop. You are about to expand your vision and your business horizon will look like a rich field of possibilities and opportunities waiting for you to embrace them.
You have the freedom to decide who to work with. You are the person who is calling the shots when it comes to choosing partners, employees, even investors. You are the one who creates the team behind your startup and this gives you the greatest opportunity ever – to create one cohesive and productive working environment.