3 Uncomfortable Truths About Entrepreneurship That Will Put Things In Perspective
Your business will fail.
I know this might be an unpopular opinion but 11 times out of 12, businesses fail. So unless you are lucky enough to be in the 8% of people that read this article, this is for you.
A lot of people will come and tell you that you need to try, that even if you fail you will succeed at some point. That you “need your freedom” and that your “time is the most precious thing you have”.
Here are 3 things you need to take into consideration from the beginning.
Running a business is stressful
Whatever anyone else tells you, running a business is no walk in the park. You need to do a lot of things that are usually done by different entities in a corporation.
From recruiting to selling and just day-to-day operating, this will give you a lot of sleepless nights.
You have less time than you think
Even if wealth is your goal, time is what you lose getting there. And that means time for taking care of yourself, time spent with your family, or just time spent reading a book. This might go on for years and it could be for nothing.
Some people can’t operate without a structure
When you have a job you usually have a boss, you have colleagues and you have a schedule. You have a job description so you know, most of the time, what you need to do to be successful. When you run your own business you need to struggle, to hustle. You make your own schedule and there is no one there to push you or hold you accountable. You’re on your own.
The map is not the territory
The internet is full of success stories. Of startups that raised 1 billion in 6 months. Of entrepreneurs that made it after 3 failed companies. You just don’t see the stories of people that didn’t succeed. At all. While being a business owner is a goal for most people, just know what you’re getting into.
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