What Motivates Small Business Owners?

June 29, 2018

Here at Beauty Consulting Coaching in Sawtry we love helping business owners achieve more for their businesses. We do this through beauty consulting, beauty coaching, mentoring and more, as well as motivational maps.

It is presumed that everyone is motivated by money for example, but motivational maps show us that everyone is different and their motivation is a unique as they are.

 

We recently came across a study by Manta-Dell and this shows us some really unique insights into the life of a business owner and what motivates them to start their own business. We would like to share some of these unique findings with you;

The Where

  • 49% of small business owners were at their last job when they decided they wanted to start their own business

  • 16% of small business owners were at the kitchen table when they first decided they wanted to start their own business

  • 9% of small business owners were at a networking event, on holiday or at a party when they first decided to start their own business

Where were you when you decided to start your own business?

The When

  • 34% of small business owners began their business in the season of Spring

  • 23% of small business owners began their business in the season of Autumn

  • 22% of small business owners began their business in the season of Winter

  • 21% of small business owners began their business in the season of Summer

In which season did you start your business?

The Priorities

  • 21% of small business owners main priority was to get involved in networking to promote the business

  • 18% of small business owners main priority was to create a business plan for their new business

  • 17% of small business owners focused on getting the equipment they needed as their main priority

  • 10% of small business owners spent time getting advice from other entrepreneurs and small business owners

  • 9% of small business owners went out to find a business location

  • 7% of small business owners focused their attention on obtaining funding

  • 2% of small business owners went straight out to start hiring as their main priority

The Motivators

  • 37% of small business owners are motivated by personal achievement or a lifelong dream and this is what makes them want to be successful

  • 28% of small business owners are motivated to be successful by the dream of financial stability

  • 12% of small business owners want to be able to give back to the community and this is what keeps them motivated to be successful

  • 10% of small business owners are motivated to be successful by their great customers

 

If you’re not sure what keeps your motivated to be a successful small business owner then why not contact us for a motivational map in Sawtry?

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