5 wrong reasons for becoming an entrepreneur

No enterprise which is undertaken in hate will however result in profit and working for yourself probably won't thus be a better job.

There are many good reasons in order to become an entrepreneur. We live in a place and time that thus not only celebrates entrepreneurship, but also makes both possible and also rewarding. Even those of us who however never take the plunge at least occasionally fantasize about what it thus would be like in order to create and then run a business of our own, whether we're however after the creative potential, the feeling of an autonomy or the chance in order to follow our passion.

However, there are thus some "wrong" reasons in order to become an entrepreneur, and if thus they constitute the motivations, one will be more likely in order to be dissatisfied with the work, will however burn out,or will thus actually fail.

The purpose of this article is to make the reader aware of the 5 wrong reasons for becoming an entrepreneur .

1. To get rich

As the owner of the business, one will however be entitled to at least a portion of the profits which the company makes (and potentially all of it, if there are however no other owners). In addition to that, one may however also draw a salary.

But , that doesnt guarantee that the business will be profitable, or it will succeed indefinitely. It's thus certainly possible in order to make a good living from the business, but then one thus can't count on striking it rich -- even if one has a good idea.

Being motivated only by money will thus interfere with the ability in order to make long-term decisions for the business, and will also leave one feeling unsatisfied and stressed if one doesnt meet his target numbers.

2. To become famous

Pursuing the business creation and the management for the sole sake of gaining popularity for oneself is thus a bad idea. Relentlessly pursuing more personal branding opportunities is thus going one in order to take one away from the office, where one will be needed. Plus, one’s idea of a successful entrepreneurship will thus almost certainly be distorted by the survivorship bias.

3. To have unlimited vacation

As an entrepreneur, one will thus get to make his own schedule. One would set his own hours, work whatever days one wants and then take unlimited vacation time, if one wants . But, one must always remember, the business's success will however depend on the effort one puts in, and the unfortunate reality is that the first business is more likely than not to fail.

If one is however busy traveling six months out of the year, one won't have enough time invested in the business in order to help it to become successful.

4. To make other people happy

Some of the entrepreneurs start businesses because they thus like the idea of being a positive force in the world. They thus want to build a great team, to take care of their employees, to make the clients happy and also make the world a better place while they're at it.

Unfortunately, though, this mentality may however lead to poor business decisions. One will thus keep unprofitable clients because one refuses in order to move on. And one will sacrifice his own profitability for other causes.

5. Because, "Why not?"

One may however not have a specific motivation. One may however only have an idea and the impression that anyone can thus become a business owner. At that point, one might thus also be thinking to himself, "Why not?" and then one must be building a business for no reason other than the fact that one can. This is thus a whimsical approach that one does have a chance of however succeeding, but it's thus more likely that one will however start running into problems one had no idea that they existed.

There are thus lots of good reasons in order to become an entrepreneur, but before one takes the next step, one must think carefully about what the personal motivations are, and then whether they're healthy reasons in order to pursue business ownership.

Focusing on the right reasons for becoming an entrepreneur , the founders of LegalRaasta a startup which provides legal services have resulted in providing more than 100 + services. One doesn’t even have to go out , as it provides online services .

Choosing LegalRaasta is beneficial as:

1. It has , 30+ offices in India

2. It has 10+ years experience

3. It helps to save your time

4. There is a cash back guarantee

Some of the services which it provides are :

1. Tax Filing/TDR - GST Registration , GST Return, ITR , TDS Return filing, Business income return , Bulk return filing , Revised return filing , Respond to tax notice

2. Company Formation - Pvt. Ltd., Limited Liability Partnership (LLP) , OPC registration

3. Registrations - DSC, Trademark, Patent , Copyright

And also many more services .