Imagine this: A top venture capitalist is considering funding your startup. He or she invites you out to drinks and asks you this question: “Why are you starting this business? Do you want money, fame, or to change the world?”
There are, in fact, real-life investors who ask this question of every entrepreneur who comes through their doors. And there is only one right answer: to change the world.
Many business experts–academics, investors, long-time practitioners–will tell you that entrepreneurs motivated solely by money or public acclaim usually don’t end up succeeding.
Setting yourself up for disappointment and failure
Why? For one thing, the chances of financial success for any entrepreneur are relatively low. The typical business owner actually earns 35 percent less over ten years than he or she would have earned working for someone else.
For more information visit other useful profile links for Terence Hoerman :
Terence Hoerman 