motivation for entrepreneurs

• independence - they become their own boss - also gain independence to make decisions that affect their own futures
• income - any potential earnings or profit is a huge incentive to start your own business - as a firm grows, earning potential grows
• challenge - due to certain characteristics, entrepreneur are constantly looking to push themselves and seek out challenges
• redundancy - may be alternative to being unemployed - alternatively use redundancy money to create new business
• creativity - some people are naturally creative and self-employment and creation of their own business may be the only way to satisfy these needs