There are many factors and reasons associated with why
people become entrepreneurs. According to Hizam Hanafiah (2012), there are four
main reasons on why people choose to become entrepreneurs:
a) Desire
to be independent. In detail, people prefer being their own boss, having direct
control over their working life, and appreciate their capacity to make decisions.
b) Ability
to fulfil personal goals and interests, such as receiving a certain level of
personal income, specific return on investment for funds invested, and apply
their enthusiasm.
c) Potential
financial opportunities such as high profit and better income.
d) Family
matter. It is also important as the family will get some benefits from
establishing a business firm such as employment opportunities and monetary
rewards.
Besides all four entrepreneur goals mentioned before,
other goals are considered secondary. These include making a difference,
religious needs, contribution to society, tax advantages, accountable to only
yourself and a desire to exploit an opportunity.
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