Do You Have What It Takes To Be An Entrepreneur?
So you are interested in being your own boss, but do you have what it takes to be an entrepreneur
or small business owner?
Maybe you have had a bad day with your boss or you have had quite a few of them. You think that your boss is a moron and don’t understand how he or she could be anybody’s boss. You have great ideas and the company you are working for does not see them or place any value on them. Whatever the situation, these things do not make you an entrepreneur. However, it may give you pause to look and see if entrepreneurialism is for you.
Working for a company is quite different than owning your own business. When you own your own business, all of the responsibility falls on you. And I mean all. So if you don’t do what it takes to bring that income in, guess what you don’t get a check unlike working with a company. With a company, you can screw up a few times and you still get a check (at least for a while). So there is a little bit of a safety net. However, these days that can be short lived.
Now, did I scare you? Good! I want you to know that having your own business is risky. I’m not trying to discourage you. You just need to be aware of what you are in for. There are a lot of obstacles and challenges that you will encounter. Would you believe that some of those challenges could possibly include your family? I know this may be hard to believe, but we can talk about that later. If you enjoy problem solving, then it should be very enjoyable for you. Even though it is extremely risky, it is also very rewarding and if successful will pay you far more than any company financially and also in other ways.
If you stick with it, you will be able to live the life you want, take command of your own time and contribute to society by helping others whether that is giving others a hand up to also be successful with their business, contributing to world freedom or whatever your heart desires. So if you are going to strike out on your own, be prepared. Know the risks. Have enough savings to sustain you. A safe bet is to start your business while you are still working for someone else. That way you can maintain your income and finance your business until you are ready to call it quits at your job.
If after reading this post, you are still set on becoming your own boss, great! I’d say entrepreneurialism is for you or definitely worth taking a look at. Look out for my next post where I discuss the traits of becoming a successful entrepreneur.
Until next time,
P.S. Chime in to the comments below letting me know your thoughts. I'd love to hear from you.