“I want to become a millionaire”. “ I want to have a flexible schedule”. “I want to be my own boss”. These are some statements that may come to mind, and then we think that THE WAY to achieve these goals is becoming an entrepreneur. But do we really know what being an entrepreneur actually entails?
First of all, I personally think there are certain personalities that will be successful when starting their own business, and there are many others who are just not cut out for this line of work. And it’s because there is a huge difference between wanting to do something and being able to make a living at doing that something. Let me give you some examples:
- It takes enormous courage. You need to have one of the strongest personalities and don’t let anything discourage you. You need to strongly believe in your idea and your capabilities and fight through all the adversities that may arise.
- It could mean making little to no money. It’s important to keep in mind that you likely won’t generate profits straightaway; I would say maybe during the first three to five years. Plus you will require to invest a lot of money without any return.
- It requires long working hours. No one will work for your project more than you. You will have to sacrifice a lot of your time to take your business to the next level. There won’t be a lot of time off, and you will probably be working almost every Sunday in the first year or two of the business.
Are you willing to take these challenges on? If you do, amazing – Go ahead and don’t waste time! You can also take a quick quiz from Entrepreneur.com to see if you have what it takes to be an entrepreneur. If you find out your don’t, it’s totally fine. Nowadays, it seems that everyone has to be an entrepreneur, but remember that this is far from the truth!!
I would like to finish with a very encouraging article from Jennifer Gilbert talking about how she built a $30M Event Planning Company. It’s well worth the read, as it encompasses everything we have discussed in this article. Now that you’ve had a little more time to reflect on this topic, what are your thoughts about entrepreneurship?