MOTIVATION FOR

ENTREPRENEURS

MENTEE111
 Life is about…

• Creating value
• Taking calculated risks
• Listening to your heart
• Realizing your
aspirations
 So is…

Entrepreneurship
Are entrepreneurs unique?
Some defined their lives
Some changed the world
 Some are still in school

Anshul Samar
Age: 13

CEO Alchemist Empire

www.elementeo.com

Anshul invented a board

game called Elementeo,
to teach kids about
chemistry.
 Some started at college

Mark Zuckerberg
Age: 22

CEO Facebook
www.facebook.com
 Some sold garbage
(still became millionaire)

Tom Zsaky
Age: 27

CEO TerraCycle
www.terracycle.net
makes fertilizer
using worms
Revenue 5 million dollar
 Some save lives
Elizabeth Holmes
Age: 21

CEO Theranos (
www.theranos.com)

Deals with nanotech & micro fluids.

Saves lives from adverse drug
reactions
So what drives them???
 MOTIVATION

Motivation may be
defined as the act
or process of
stimulating to
action, providing
an incentive or
motive, especially
for an act.
 BASIC FACTORS

• Passion
• Creating Value
• Changing the
World
• Independence
• Money
 Schumpeter’s view..

“The entrepreneur-innovator’s motivation

includes such aspects as
-the dream to found a private kingdom,
-the will to conquer and to succeed for the
sake of success itself, and
-the joy of creating and getting things done.”
ENTREPRENEURIAL RESEARCH

Findings of the study

Self-actualization
Nature of work
Desire of autonomy and power
Status Motive
Affiliation Motive
Deontic Motive
 Self Actualization

Self-development
Accomplishing new
things
Achievement of target
and new standards.
 Nature of Work

Enjoyable/interesting work
Avoidance of boredom
Contribution to society
Clean & healthy
surroundings
Desire of autonomy and power

Desire for influencing others

Desire for independence
Desire to be involved in
decisions affecting oneself
Desire to know the results
of one’s actions.
 Status Motive

Desire for reputation

and recognition
Desire for a top
position in the industry
Desire for social
status.
 Affiliation Motive

Desire to fulfill family

obligations
Desire to belong to a
group
Desire for support
from those who
control resources.
 Deontic Motive

Deontic means pertaining to necessity, duty

or obligation, or expressions conveying this.

Working because it is one’s duty

 E SARATH BABU

• Dream to provide
employment
• Inspiring mom
• Struggle for success
 SUHAS GOPINATH

• “To establish a platform

for youth which
encourages them in their
chosen IT career and also
to build their
entrepreneurial skills”

• coolhindustan.com

• Global INC
 CONCLUSION

The desire to serve the society creates

one of the eminent entrepreneurs in the
world…..No matter what serves as the
motivating factor for Entrepreneurs…
Entrepreneurs are the real heroes serving
as the Nation’s Pride