Gone are the days when starting a business was considered something only for a small group of people. With technological innovations, globalization and more accessible education, starting something that might grow to become a startup is not an impossible mission.
Some startups fail, some survive and others scale up. No matter the outcome, one thing is true – there will always be startups because there will always be entrepreneurs. Below we list some of the reasons why we believe startups and entrepreneurs are here to stay.
- Importance of innovation
You might think that everything has been invented, but that’s far from the truth. The fast-paced world we live in changes each passing day and with that has to come innovation. People with entrepreneurial instincts come forward with excellent business ideas and plans that are able to impact the business world, and the world in general, for the better.
2. Control over your destiny
One of the many reasons why people jump over to entrepreneurship is to be the drivers of their future. Being an entrepreneur means making decisions for yourself and with this comes a lot of working hours and even more responsibility. It also means work hours that suit your schedule, office location/set-up, direction of progression, and so on.
3. Impact on other people’s lives
Your product or service can make people’s lives simpler, more sustainable, happier or even change them completely. There’s no better feeling than seeing what started as a doodle on a paper have such an impact on someone else’s life.
4. Generation of employment
When your idea grows into a product and soon after into a small business, you will have to surround yourself with a team. By creating job opportunities you collaborate into the country’s economic process and, of course, the person’s professional development. The European Startup Report of 2018, reflected that there are 12.8 million professionals employed by startups in Europe, making them responsible for generating a big part of the total job opportunities in the continent. Startups are generally known to be young and dynamic, which make them the ideal place to launch a career and gain experience to become a skilled professional.
5. Unique company culture
Not only do you get to create something from zero, but also everything that moves around it. One of the most important factors of startups these days is the culture. Do you want to implement a four day work week? Give your employees the choice to work remote or at the office? A combination of both? You can do that. Want to build an in-office day-care to help your employees out? They’ll appreciate that, especially when maternity and/or paternity leave comes to an end. You get to create and develop the company culture that you believe will provide the best environment, facilitate your colleagues lives and help the company succeed.
6. The challenge
Let’s be honest, there will be times where it gets tough and entrepreneuring will feel like climbing up the highest mountain. There will be wins and there will be failures, and that’s alright. Failure means that there is space to continue to learn and grow further. Don’t look at failure like a black hole, instead see it like a second chance, a challenge to do better.
7. Personal growth
It’s a great feeling to look back and see how much you have grown as a person and a professional. As an entrepreneur, the business evolves and you evolve with it.
8. Doors of opportunity
You will get to travel and meet people from all over the world. Getting to spend time in another country, experience a new culture and meet new people is very rewarding, as well as fruitful for building up and structuring your projects and ideas. Some people might just become a contact on your phonebook, but others can become the business partner you’ve always looked for.
9. It never feels like work
“Get a job that doesn’t feel like work.” You’ve probably heard this phrase before. Putting hours into doing something that you have created from the ground up doesn’t really feel like work. Having fun while working can have a big impact on someone’s life because when you’re having fun you are in a better mood, you get more creative and are less stressed.
10. Mentorship fuels the next founders
With the power of the internet, and especially social media, it has never been easier to reach out to people around the world. With the experience that a serial entrepreneur has collected through the years, they can pass on all their tips and tricks to future entrepreneurs, no matter their location. There are many topics to tackle when it comes to mentoring, from business plan, to social media, ensuring that the future generation is in a better position to start their own entrepreneurial journey.
In summary, whether you are sold on entrepreneurship or not, it can definitely be life changing, both for the team working on the project, the users themselves, and society in general. For these reasons, we think it’s here to stay.