{"id":10619,"date":"2012-02-24T20:12:11","date_gmt":"2012-02-24T20:12:11","guid":{"rendered":"http:\/\/localhost:8080\/finoit\/?p=153"},"modified":"2024-01-25T08:53:04","modified_gmt":"2024-01-25T08:53:04","slug":"hierarchy-of-needs-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.finoit.com\/blog\/hierarchy-of-needs-for-entrepreneurs\/","title":{"rendered":"Hierarchy of needs for Entrepreneurs"},"content":{"rendered":"

It is quite confusing and a big challenge to find that special topic when you are writing your Company\u2019s first blog. Companies generally choose to write about their products, services etc., we instead chose to write something which defines us. We will try and share the story of \u201cHow and Why FINOIT came into existence\u201d<\/p>\n

Jargons are an integral part of a professional\u2019s life, be it management or technical! Sometime it is used to prove your superiority or to hide your weaknesses however I, as an individual, hated them since beginning especially due to over and incontextual use of same by people. One of the theories that I believed and still believe in is \u201cMaslow\u2019s Hierarchy of Needs\u201d. Though interpreted in different way by me, it made a spiritual as well as professional sense and I\u2019m confident it is applicable to every company\u2018s founding story in some way or other.<\/p>\n

Maslow suggested that \u00a0all people are motivated by a desire to fulfill basic human needs in an ascending hierarchy. He also suggested that unless the lower-order needs are fulfilled, the higher-order needs are not motivators of behavior.<\/p>\n

It completely explains the philosophy of a simple, hard working human being. We start at bottom, trying to achieve things in a predefined order and climb the ladder. We try to fulfill basic needs followed by emotional and social security while simultaneously targeting esteem and self actualization needs. Many successful careers and happy lives are example of it however failure to achieve one\u2019s full potential and self accomplishment leads to regression on \u201cMaslow hierarchy\u201d and thus making people living an average, unhappy and dissatisfied life(In few cases self-perceived and sometime not).<\/p>\n

Now let\u2019s try and explore the reasons an entrepreneur comes into existence?<\/p>\n