
If you’re asking why you want to be an entrepreneur, you probably already shouldn’t be. That’s not snark (well, not only snark), it’s insight. I wanted to write this because becoming an entrepreneur, taking entrepreneurship studies, or questions about how to be one, are prolific topics in modern society. The things, entrepreneurs, real ones, aren’t the people debating whether or not it’s the right path. They’re the ones pacing at 2am, gripped by a compulsive need to build, tweak, challenge, or change something that’s broken in the world. Not because it’s profitable. Not because it’s trendy. Because they can’t not. So, should I be an entrepreneur?
So, if wondering “why do I want to be an entrepreneur?” pause and interrogate what’s really drawing you to the idea. Is it the image? The freedom? The control? The chance to be your own boss? Or is it the legend of entrepreneurship?
Asking yourself, “Should I be an entrepreneur?” can lead to important realizations about your motivations.
Because make no mistake: entrepreneurship, as portrayed in social media, startup culture, and pop entertainment, is one hell of a seductive illusion.
Article Highlights
The Pop Culture Delusion: Hustle Porn and Unicorn Dust
We’ve glamorized entrepreneurs to the point of religious worship. Elon Musk sleeps under his desk. Mark Cuban screams about hustle. Everyone on your TikTok feed is a digital nomad who made six figures dropshipping banana hammocks from Bali. The cult of entrepreneurship has replaced the American Dream with something more addictive and less attainable: the founder fantasy.
There’s a reason kids today would rather be YouTubers than astronauts. We’ve sold them a version of work where personal brand, flexibility, and hustle beats skill, discipline, and patience. Jessica Billingsley wrote for Rolling Stone, Beyond the Cult of the Founder: Why Vision Matters But Ecosystems Win, trying to push us beyond that cult of personality but it has it metastasized.
York Zucchi, “Entrepreneurship is an attitude.” Still, this question persists.
We no longer ask what problem you solve. We ask how fast you can scale. We don’t celebrate profitability. We celebrate fundraising rounds. And if your startup fails? That’s fine, you can always grift as a LinkedIn guru (ha ha, ha… *ahem*).
“You have been inundated over the past half decade with a crescendoing drumbeat from the mainstream media in the US that entrepreneurs are the coolest and richest kids in the hood. From hit films like The Social Network and Steve Jobs, to hit TV series like Shark Tank and Silicon Valley, to hit books by Peter Thiel and Ben Horowitz, to hit cult figures like Elon Musk and Mark Zuckerberg, to hit decacorns like Uber and AirBnB, you’d have to be a moron to miss the message.” – David S. Rose via Quora
But let’s turn down the ring light for a second to ask, what’s real?
The Reality: Stress, Scarcity, and Solitude
Here’s what being an entrepreneur usually looks like:
- You are broke. According to most study of startups, the #2 reason startups fail is running out of cash (right after “no market need,” which should be a red flag if you needed a reminder). Most entrepreneurs don’t get rich. They go into debt. They max out credit cards, mortgage homes, and go years without a salary.
- You are alone. Founders are statistically more likely to suffer from depression, anxiety, and burnout with a near majority of entrepreneurs reporting having at least one mental health condition. Of those, depression was most common, followed by ADHD, anxiety, and substance abuse. (Source: Michael A. Freeman, MD – “Are Entrepreneurs Touched with Fire?”)
- Your family will feel it. Entrepreneurship demands time, attention, and emotional bandwidth you don’t have. The startup world casually refers to “founder divorce” because it’s so common. Being obsessed with your business means neglecting your relationships unless you’re incredibly self-aware and disciplined. Spoiler: most aren’t.
- You carry the full burden. Unlike employees who have job descriptions and safety nets, entrepreneurs are HR, product, marketing, legal, compliance, and finance all rolled into one. If something breaks, you are the fix. If someone quits, you do their job. If a customer walks, you take the loss.
I’m really glad the question is being asked so frequently, why do I want to be an entrepreneur? but it’s the stressing of the words that matter, why do I want to be an entrepreneur??
What You Might Want Instead: Autonomy, Impact, or Escape
Here’s the twist most don’t see coming: You may not actually want to be an entrepreneur; you likely want what entrepreneurship represents.
- You want freedom: from a boss, from bureaucracy, from bad decisions made by people you don’t respect.
- You want control: over your schedule, your income, your destiny.
- You want to matter: to build something meaningful instead of pushing paper or appeasing clients.
- You want wealth: because in corporate America, the ladder is greased, the glass ceiling is still real, and owning equity is the only shot at outsized returns.
- You want to survive: because the job market feels like a rigged game, and the gig economy is just wage slavery with better UX.
And those are all valid reasons. But be clear: entrepreneurs don’t easily achieve those things, if at all, and besides, it’s likely the least efficient path to get there. Entrepreneurship is like jumping out of an airplane to get to the next town over. You might land on your feet… or you might just hit the ground hard while your friends took the bus and arrived early.
Personality Predictors: Are You That Kind of Crazy?
Entrepreneurship isn’t just a decision. It’s a personality type explored to be so by more researchers, universities, and studies than we can count. Pick your favorite flavor of psychology:
- DISC: Entrepreneurs tend to be High-Ds (Dominance) and High-Is (Influence); they’re competitive, assertive, persuasive, and hate being told what to do. Low compliance. Low steadiness. Great for disruption, terrible for rules.
- Big Five (OCEAN): High Openness to Experience and High Conscientiousness are the sweet spot, creative and driven. But also, high Neuroticism (yes, really) correlates with entrepreneurial action. You’re a bit manic, and it fuels the fire. Low Agreeableness? That too, startups don’t happen by playing nice.
- Myers-Briggs: ENTJs, ENTPs, and INTJs top the charts. These are people who chase ideas like bloodhounds on Red Bull. ENTPs (the “Visionary”) are especially known for starting things they never finish. Sound familiar?
And you’re asking yourself why you want to BE like that when most would look at being like that and recognize that it’s highly risky and borderline crazy.
Harvard’s Noam Wasserman, in The Founder’s Dilemmas, highlights that founders often choose between control and wealth, and most never get either. And Oxford research shows that founder personality is predictive of success… or, more often, failure.
So, if the traits that make you want to be an entrepreneur also make you likely to suffer, why do it?
Because you can’t not.
Because you are the type.
Ask a Better Question
The real question to be asking yourself isn’t, “Why do I want to be an entrepreneur?”
It’s:
- “Am I trying to fix something in the world, or fix something in myself?”
- “Do I want to build, or do I just want to escape?”
- “Do I crave purpose, or just status?”
You want a life that’s yours; authentic, meaningful, maybe a little chaotic but fully owned. That might be entrepreneurship. But it might also be joining a startup early, leading a nonprofit, freelancing, or reinventing your role inside a company.
Whatever the path, be sure it solves for the right variable.
Entrepreneurship is a personality type, not a job title. It’s an affliction of ambition, a compulsion toward control, and a pathological unwillingness to accept things as they are. It’s not sexy. It’s not safe. It’s not fair. That doesn’t scare you? Then the question of why or how is moot, it’s time to learn to be successful and to cope with who you are.
Dig deeper into what makes you tick. Start with your Five Factors / Big Five profile. Reflect on it or other assessments. Or explore how startup ecosystems work and why the dream of “doing your own thing” needs more than dreams. Then let’s talk.
Thus spoke Zarthustra
Nice! I have often said the same thing about both starting a company and pursuing a Ph.D.
If you can imagine a life without it, do that.
Alantheus Thompson Appreciate that. That’s the goal here too. We’ve turned entrepreneurship into a religion of ambition without asking what it really costs. If this article jolted someone into reflection, then I’m good and ready to debate it
Or as Nietzsche might put it: “He who cannot command himself must obey.”
Most people don’t want to be entrepreneurs. They want to be free. And that’s a very different thing
Well now… This has to be among the best articles I’ve read on the topic of entrepreneurialism. So very much of actually being an entrepreneur is counterintuitive in the end. Brilliant article!
Well… it’s late on a Friday night and I agree with you… but I’m also a little dumbfounded about how to best agree with you and move us forward.
We need to clarify this. It matters to businesses, founders, and entrepreneurs.
Not only in career, but life in general.
That said, the counterintuitiveness of entrepreneurialismbecomes an arguement of autonomy vs. abdication. In the initial start-up phase of a business, you as the owner aka entrepreneur will be consumed with tactical issues of the business and in fact subservient to customers, employees, investors, partners and in some instances suppliers. Because at the end of the day every operational aspect of the business is your responsibility and yours alone. And if success is the intent, all issues must be resolved and ‘owned.’
Over time, as the business grows and matures, putting into place a competent and trusted senior team will absorb the tactical minutia of the daily grind. That’s not to say that all responsibility is delegated, it is not as you are ultimately always responsible for the P&L, but slowly autonomy is realised as your focus is now shifted to strategic planning, expansion and forward-looking events aka where you want to take the business…
This is generally true in all circumstances unless you are a micromanager type personality. Again, having a trusted and dedicated team of managers is critical to provide that labour barrier between yourself and the day-to-day operational minutia every business presents.
Personally, I’ve been very fortunate to maintain career autonomy for over 20 years now. As a recognised domain expert in my industry, I’m able to set the T&C’s of engagement; thus I retain control over my time and ownership of responsibilities. From there we enter the world of needs vs. wants, though let’s leave that tangent for another day.
In closing, early in my career, I never would have guessed that abdication is a prerequisite to achieving autonomy. And here in lies the counterintuitivenes formenioned.
Cheers,
rs
Didn’t set out to be an entrepreneur. Just couldn’t ignore the fix staring us in the face. The building’s been simple. The convincing? That’s the brutal part.
I really appreciate this perspective… In a way if you’re aware of what the road ahead can entail it makes the journey so much easier, at least psychologically. I need to find an amazing article Prof Fisher wrote long ago based on years of studies about what real entrepreneurship is about, but you have captured the essence of the rollercoaster beautifully
Thank you because that was the goal. This isn’t “starting a business” or “being a startup founder,” being an entrepreneur is different: difficult and exhilarating.
These are the people who are determine to fix and improve things; so it’s important for society to understand them psychologically so we can better distinguish them from others and help them both do that and manage themselves.
Completely agree. I’ve been aan entrepreneur for 14 years now and couldn’t imagine any other lifestyle, but it did take a few years to figure out the right gears for my specific pool of talent and attitude
I’ve been carrying this burden since I was 15. I guess I just like the pain and anxiety! LOL
Bill Combes right? “We” can’t not.
And so, people asking “how to be” are definitively not cut from the same cloth.
Paul O’Brien grit and my NY blood and DNA. I’m the only entrepreneur in my entire small family. I would not change a thing.
Bill Combes Same here, I can vividly remember writing down a business company name then and its branches worldwide (I still have it till today).
Its something you just can’t help yourself not doing and I think most people dont fully understand that to be very honest.
So real. Founder/startup life has been romanticized to the detriment of many
Well said! The psychological and philosophical rabbit holes of entrepreneurship never cease to amaze me.
This is therapeutic and spot on!