It’s a common fallacy to think that passion and drive
are all it takes to embark on the journey of becoming an
entrepreneur. It’s actually much more complicated than that! Your
unique character traits, emotions, personal plans and individual
skills all need to be taken into consideration.
There will be many hurdles and even roadblocks along
the path to successful
entrepreneurship, so you’ll need to dig deep and ask yourself
if entrepreneurship is really right for you.
Does Life Become Awesome When You are an Entrepreneur?
Life doesn’t always become even half as awesome as you
might imagine as an entrepreneur. No matter how prosperous your
business may become, the life of an entrepreneur is very stressful.
Did you know that while you stand there admiring your boss’s classy
branded clothing and accessories, he or she has a lot of pressing
thoughts going through his or her mind?
The immense weight of many responsibilities also rest
upon his or her shoulders. Your boss doesn’t get paid holidays,
bonuses or even nights of proper, peaceful sleep as regularly as
you do. So, you’re probably thinking that these conditions are
unique only to the initial stages of entrepreneurship. It will get
better with time, right? Wrong!
First of all, success doesn’t come automatically or
even easily in a business. In cases where a business does appear to
run smoothly, abundant profits don’t necessarily emerge unless
you’ve taken massive risks. Low risks will bring in low profits –
which will be spent for the most part to pay the bills for your
organisational resources, including employees on various levels of
your organisation.
Taking big risks can bring financial
disaster to your loved ones, your employees, and of course
yourself. Don’t forget that your business won’t only be supporting
your own household but also your employees’ households and the
general economy as well.
Does the life of an entrepreneur still sound
awesome?
What are Your Reasons for Becoming an Entrepreneur?
Why do you want to become an entrepreneur? Is it
because you want to achieve popularity, wealth and success within
the shortest possible time? The real reasons why a successful
entrepreneur like Sofia Vergara started her own enterprise were to
see her business idea come to life and make an impact in the lives
of people.
Her strong passion and desire for her idea to produce
concrete results drove her to sacrifice countless everyday needs
and wants. She wanted to make a difference in people’s lives with
her co-founded enterprise Latin World Entertainment. She wanted,
through her business, to promote talented Latino artists. She
probably spent many sleepless nights developing her business plan.
She probably travelled tirelessly to many places to get her
business up and running.
So if your own reason for becoming an entrepreneur
might be just to start a productive
organisation instead of having to constantly attend futile
business meetings, then think again. In this case you may want to
reconsider your wish to be an entrepreneur.
You cannot start a business just to feed your own
greedy motives. A broad perspective alone can lead you to success.
Your hard work will help luck bloom for you and make you a
successful entrepreneur.
Do You Have what it Takes to be an Entrepreneur?
You can’t just wake up one day and decide that you want
to quit your regular nine-to-five job and become
an entrepreneur. In fact, you can’t assume that you’ll have any
flexibility to decide exactly when you want to quit and when you
want to work. You must work consistently towards achieving your
business goals until you see the fruits of your passions and
labours be realised. This means that you have to be an
all-rounder.
You have to be wise, social, engaging, stable, secure,
logical and extremely realistic. You have to be wise because you
need to apply certain sensible business principles to make your
business work. Don’t worry, though, if you’re a creative free
spirit. You can develop your own business principles based on your
life experiences and apply them. As a wise person, you’ll know the
difference between what’s right and what’s wrong for your
business.
You also need to be social to be an entrepreneur. You
need to test out your ideas on people. You need to socialise with a
variety of individuals both inside and outside your industry to
avail yourself of plenty of useful information. To get the right
people to converse with you, you must be professionally engaging
and appealing in terms of looks and style.
You need to be emotionally stable since various people
(even your closest buddies) might inadvertently lead you down the
wrong path, whether through ill intentions or not. You mustn’t let
your emotions pull you when it comes to making decisions. Your
sense of logic, along with strong factual knowledge, can lead you
to success.
Your realistic nature will determine how far you let
your failures set you back. You should be able to prevent any
long-term damage to your business by creating a backup plan early
on.
Can you Handle the Journey To Becoming an
Entrepreneur?
In addition to the hurdles mentioned in this article,
you’ll have tumultuous situations to deal with throughout your
journey to becoming a successful entrepreneur. You’ll have to be
able to handle dishonesty from more than one trustworthy person at
many times in your life, regardless of whether you’re successful or
not.
During your initial stages of entrepreneurship, many
people will mislead you about your business. They may act as if
your ideas are useless and then turn around and steal your
concepts. They might discourage you from pursuing entrepreneurship
altogether.
As a clever and logical entrepreneur, you must not only
identify the flaws in their statements but be prepared to handle
the disappointment you’ll feel at losing some people from your life
whom you had deeply trusted in the past. After becoming successful,
you may find that many of your loved ones, including family members
and relatives, will try to take advantage of you.
At times, you may feel like giving up your business
ventures and dreams. But be sure to consider everything carefully.
You must always keep your passion alive!
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