Factors that Motivate Entrepreneurs: Jeff Bezos

ENTREPRENEURSHIP

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Different factors which help in motivating to become an entrepreneur.................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Entrepreneurship is defined as a process of launching, designing, initiating as well as running a
new business with an aim to gain success and earn higher profits as well. An entrepreneur is one
who develop the idea and convert it into an action in a unique and effective manner (Brush,
2019). Entrepreneur is mainly an innovator that provide new ideas to business about their
offerings that assist in improving business efficiency and performance as well. It is determined
that entrepreneurs make their own way in order to attain and have the ability to take higher risks
as well. For the present report, the entrepreneur that is chosen is Jeff Bezos. He is an American
aerospace entrepreneur, investor and the proprietor as well. The present report is going to cover
the factors that motivate or encourage them to be an entrepreneur. In addition to this, it also
evaluate factors by academic perspective of entrepreneurial innovation from sociological,
psychological & economic disciplines.
MAIN BODY
Different factors which help in motivating to become an entrepreneur
In order to become a successful entrepreneur is difficult as it require high knowledge,
investment and willingness to bear risk. It is determined that entrepreneurship is not about
gaining profits but also bring innovation in product and services which is accepted in market and
gain success effectively. The report is based on identifying factors that motivate Jeff Bezos to be
an entrepreneur. He was born on January 12, 1964 and is the president or founder of
Amazo.com. Jeff Bezos is renowned as richest man in the world and its net worth raise by $160
billion in the year 2018. His mother is of 17 years when Jeff Bezos was born & his father was an
owner of bile shop. The factors that motivate or encourage him to be a successful entrepreneur is
given below:
 Passionate: In order to be an entrepreneur, it is essential to be passionate towards goals
and believe on our self to develop something productive. An entrepreneur must have the
willingness to take risk and have the ability to deal with the situations that negatively
effect on their goal of being an entrepreneur (Furgang, 2018). It is a significant
characteristic that is require along with the name, fame as well as money. If it is talking
about Jeff Bezos, his feelings and passion to become an entrepreneur &also willingness
to be rich person make Jeff Bezos successful entrepreneur. Passion for something drives