How interesting is it to start your own business? Definitely, we would all wish to own our own businesses. Sometimes people just say, “You must be so lucky,” or “it must be relieving to be out of that rat of a race.” The truth is that none of these statements are true. As for the “rat race,” while it’s very different, it’s a competition like no other.
Here is the real truth about all aspects that revolve around entrepreneurship. Let’s dive:
Entrepreneurship can be very stressful
If you think attaining your boss or supervisor’s deadlines is tough, try attaining yours, especially when your eyes are focused on savings. Maybe your credit cards are already maxed out because you took another mortgage.
Or, you are on the hook to repay a large amount of money you borrowed from your friend or family member. This pressure is a fire in itself and may light up a hell even in the most laid back people. The only thing that comes to mind is perhaps to work tirelessly so as to regain some semblance and comfort of financial security.
Very demanding unending responsibilities
When you work for somebody else, you can comfortably be thankless knowing that your talents and skills are making someone else a big bundle. With some of these other jobs, you can leave behind the workload and take some time out. You cannot dare do the same thing as an entrepreneur when you are still the HR manager, marketing guru, office manager, janitor, tech guy, sales staff, CFO and CEO. These roles are unending and there is always something left somewhere that needs to be done.
Let’s flip over to the bright side of the coin:
Anything that doesn’t come on a silver platter has its own share of benefits. When you become successful as an entrepreneur, there are so many rewards to reap; both emotionally and financially. Moreover, there is simply nothing as good as seeing the product you’ve tirelessly developed begin to excel. The joy you receive from a grateful client is more than the financial benefits it brings you. Precisely, it’s relaxing to know that you are making a difference in the lives of your customers.
Entrepreneurship is flexible
Once you test the pleasure of working for yourself, you may never turn back again or cross the thought of working in a conventional 9-5 environment again. The reason behind this is basically flexibility. Yes, sometime you may need to work for more hours, but all this is per your own terms. You can stop working at 3 p.m. to pick your kids from school without asking anybody for permission or begin working at midnight through to 4 a.m. if you are a night owl. Overall, the new freedom and flexibility can be extremely exhilarating.
It is an opportunity to create and be innovative
No matter what the motivation, creating something from nothing that grows and develops through the years can be almost like raising a child; it’s your baby, and you’ve nurtured it to its current level of success. That type of fulfillment is difficult to duplicate in any other career path.
One of the driving factors of most entrepreneurs is the need to exploit their talents and build something great or help other people not to mention the need to leave something behind. It could be a business that your children could join later on and grow a legacy of establishing something new that will be around for a very long time soon after you are gone.
Regardless of the driving factor or motivation, creating something new and helping it grow to maturity is like raising a child. Your business is your baby, and you’ve sacrificed time and money to nurture it to stardom. Again, this fulfillment is difficult to duplicate in any other area of life. Having said that, pick your way but most importantly as the saying goes, “it’s better to do a mistake than to do nothing!”
David Miller is an educational researcher who has several years of experience in the field of teaching, online testing and training. He is associated with prestigious universities and many leading educational research organizations. Currently, he is pursuing research in Learning Management System and is also a contributing author with ProProfs.