The 3 worst things about being an entrepreneur…
We all are pretty clear on the best parts about being an entrepreneur.
The part where you are in control of your own destiny.
The bit where you get to create something meaningful in the world.
And the part where you get a bigger slice of the pie.
However who talks about the bad bits?
The things that are so bad, that only 1 in 10 entrepreneurs actually make it.
Let’s talk about those, because they’re the real barometer of whether being an entrepreneur is the right decision for you…
You’ll never have security
Most jobs are boring and they never really give you the chance to show your true potential. Perhaps that is why so many people want to do their own thing. However, jobs are also secure and, unless you really muck up, you are pretty much assured of a decent pay check each month.
The trade off for being able to express yourself fully and live a truly exciting life, is security.
No matter how successful you become as an entrepreneur, you are never truly secure. Even Richard Branson can see the value of his companies drop drastically in a few hours due to some negative PR or unexpected governmental legislation.
The entrepreneurial life is about finding your own way of dealing with uncertainty rather believing that success will bring it.
For those that can deal with the uncertainty the rewards are great. For those that can’t the price can be high.
You’ll always be a loner
Entrepreneurship is about doing. Doing is lonely and, for the majority of the time, unrecognised.
There are no pats on the back for looking busy, no appraisals, and you don’t get paid unless you perform.
It’s 100% commission, every month.
You are alone and accountable for everything.
The reality of this is a shock for many.
If this excites you rather than scares you, entrepreneurship may be a great lifestyle choice for you.
You’ll constantly be taking risks
The biggest illusion in business is that success means you stop taking risks.
In my experience, the people who are successful are the people who are good at taking risks.
They can cope with the mental stresses of taking risks and know the right risks to take.
Entrepreneurship is not a chance to be your own boss, it is a chance.
An opportunity that may, or may not work for you.
If you don’t like taking risks, then it may not be for you.
If you do like taking risks, then welcome to the club.
The entrepreneurs’ lifestyle is a brilliant one. You have freedom, you have the opportunity to make an impact and you have the ability to create whatever income you can imagine, but there are costs.
Challenges that must be overcome in order to succeed.
Hard work, rejection and uncertainty are the price you may have to pay for this lifestyle.
My passion is for giving people the life skills and business skills to undertake this journey and create positive change in the world.