Motivation Matters: The Intrinsic vs Extrinsic Debate

As a business owner, let’s be honest, motivation plays a crucial role in determining your success, both in your personal and professional life. While there are many different types of inspiration, there are two main types: intrinsic and extrinsic.

Intrinsic motivation comes from within and is driven by your personal interests and passions. On the other hand, extrinsic motivation comes from external factors such as rewards or punishments.

Intrinsic motivation is often more powerful and long-lasting than extrinsic motivation. This is because when you are intrinsically motivated, you are more likely to engage in activities for the sake of the action rather than for the rewards or recognition you may receive.

For example, as a leader, if you are intrinsically motivated, you are more likely to put in the time and effort to develop the necessary skills and knowledge because you are passionate about leading and making a positive impact.

On the other hand, if you are extrinsically motivated to become a leader, you may only be inspired by the rewards or recognition you may receive, such as a promotion or a raise. In this case, you may need to be more committed to developing the necessary skills and knowledge to be an effective leader, and you may not be as successful in the long term.

When intrinsically motivated, you are more likely to be authentic and genuine in your leadership style.

You are more likely to lead by example and be true to your values and beliefs. This can be a powerful motivator for your followers, as they can see your passion and dedication and be inspired to work towards similar goals. Furthermore, you may be more resilient and adaptable as an intrinsically motivated leader. You are driven by your passion and belief in your abilities rather than by external rewards or recognition.

This means you may be less discouraged by setbacks and challenges and more likely to find innovative solutions to problems.

Plus, you’ll be having fun while doing it because why not?

So, join us as we dive deeper into this topic and explore the ins and outs of intrinsic and extrinsic motivation. Who knows, you might find your own personal inspiration to be a better leader, a better employee, and a better person.

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