Question

Subject: Intro to entrepreneurship

What is meant by entrepreneurial motivation? Is it necessary for a successful entrepreneur and does it influences the opportunity process? Discuss and support your answer with practical examples.

Answer 1

Entrepreneurial motivation is the entire process of invigorating and sustaining a strong desire and commitment to work towards fulfilment of business goals of the enterpreneur.

It is very much necessary for every enterpreneur, more so for successful ones. It does influence opportunity process as well.

There are many such examples available in today's era of globalization.

Founders of different technology companies such as Twitter, Facebook, Snapchat etc., have shown that it was their enterprenurial motivation, persistent hardwork, and obstinacy towards success which led them to be a successful businessman.

Most of these enterpreneurs sacrificed the immediate opportunities of either completing college, or working in tech company as an employee. However, once they reached their goals, they had already created ample opportunities for themselves as well as thousands of more people in and around their organization.