Entrepreneurship is something of a buzzword right now. It feels as though every business professional wants to be, or consider themselves, an entrepreneur. As someone who works closely with entrepreneurs on a daily basis (and an entrepreneur myself), I have seen the rise and fall of many professionals in a variety of industries. These experiences have offered me a wealth of knowledge on what it means (and takes) to be an entrepreneur. Right now, there are hundreds of thousands of individuals, both young and old, looking to make their mark in their respective industries from an entrepreneurial standpoint with an inaccurate perception of what it means to be an entrepreneur.
With that being said, I wanted to take a moment to offer some advice and insight into what an entrepreneur can expect when beginning his or her endeavor, just to clear up any misconceptions.
It Is Hard
Mark Zuckerberg was just a college kid who made a website and became a billionaire; Steve Jobs started a small company in a garage and it ballooned into one of the world’s largest brands; to the average person, it may seem as though these success stories happened overnight and with ease. They did not. Zuckerberg’s story was marred by legal troubles and years of hard work with little payoff and Steve Jobs was fired from Apple before coming back to reinvigorate the then-failing company. And there are hundreds of other compelling stories of entrepreneurs failing or struggling before finding success.
My point is that being an entrepreneur takes time, dedication and patience, sometimes more so than any other profession. You will spend an absurd amount of time working on your company or product only to be let down time and time again. Don’t think this will be easy.
You Must Motivate Yourself
One of the most unique aspects of being an entrepreneur is the fact that you are your own boss. You set your own hours, you determine your workload and you decide what’s enough for for that moment. No one is going to tell you exactly what you need to do, and no one will tell you when you need to do it. This is a dangerous trap. You must always put a sense of urgency on yourself in order to accomplish certain tasks, otherwise, your business will not take off. Set goals and be as specific as possible. If you know what goals you need to achieve in order to be successful, then you’ll have something of a blueprint for what you need to do every day. The only thing holding you back at that point is your determination.
You Will Never Know Everything
Entrepreneurs need to learn. They must continue to learn in order to grow. The more you learn as an entrepreneur, the more you can apply that knowledge to your business. Learn about your peers, competitors, and your industry in general. If you think you’ve learned everything there is to know about entrepreneurship or your industry, then you’re doing something wrong. It’s as simple as that.
I don’t mean to say these things to deter any would-be entrepreneurs out there. I simply want everyone to know what they are getting themselves into. Being an entrepreneur is difficult, and it requires a great deal of sacrifice. The last thing you want to do is jump into a profession that can cost you your relationships, time and money, only to realize that you weren’t prepared for the arduous life of an entrepreneur.
Take this information and use it to the best of your advantage. If you’re looking for more information, you may want to reach out to the Opes Group for assistance!