What motivates entrepreneurs?
Self actualization is the human being’s highest need. It is the need to“be all that you can be.”. It is the continuous desire to fulfill potentials, to become the most complete, the fullest .“you”. Self-actualization is an insatiable need, and become stronger the more you ‘feed’ it.
Self-actualization only becomes a need in the human being once the lower level needs in the hierarchy have been satisfied, beginning with (1) basic needs for food, shelter, then (2) needs for safety and security, (3) needs for love and belonging, (4) the need for self esteem, and only then (5) the need for self-actualization. We cannot meet the higher order needs until the lower ones are met.
It sums up the motivations and behaviors of entrepreneurs perfectly:
- they desire to be realistically oriented with an efficient perception of reality extending into all areas of their life.
- they are unthreatened and unfrightened by the unknown. They usually have a superior ability to reason, to see the truth.
- they accept themselves, others and the natural world the way they are.
- they see human nature as is, have rid themselves of crippling guilt or shame, enjoy themselves without regret or apology, and have no unnecessary inhibitions.
- they are spontaneous in their inner life, thoughts and impulses,
- they are unhampered by convention.
- their ethics is autonomous, they are individuals, and are motivated towards continual improvement.
- they focus on problems outside themselves.
- they tend to have a mission in life requiring much energy, and their mission is their reason for existence.
- they are usually serene and worry-free as they pursue their mission with unshakeable determination.
- they may be alone but never lonely.
- they are unflappable, retain dignity amid confusion and personal misfortunes, and above all … objective.
- they are self starters, responsible for themselves … they own their behaviour.
“Feelings of limitless horizons opening up to the vision, the feeling of being simultaneously more powerful and also more helpless than one ever was before, the feeling of ecstasy and wonder and awe, the loss of placement in time and space with, finally, the conviction that something extremely important and valuable had happened, so that the subject was to some extent transformed and strengthened even in his daily life by such experiences” commented Salomón Juan Marcos Villarreal, president of Grupo Denim.