We know we are usually uplifting and offer “what to do” ideas for entrepreneurs. Today, though we want to discuss 3 reasons to not be an entrepreneur. The reason for this is that we hear so many people thinking about going into business for themselves and thinking they will be:
- Overnight successes
- Be rich beyond measure
- Will have nights, holidays and weekends off
3 Reasons To Not Be An Entrepreneur
Get rich. We mentioned it earlier, but many would-be entrepreneurs think they will be rich beyond their wildest dreams if only they own their own businesses. They see the income the could potentially make but don’t take into consideration, the expenses needed to support that income. Remember when you’re self-employed you are responsible for so many more bills and expenses than you were when your employer footed the bill on many of those items — insurance, office space, payroll taxes and more.
Unlimited time off. If you think that owning your own business means daily hours-long lunches, coffee dates with friends, weeks-long vacations and not working nights, weekends or holidays please see “get rich” as a reason you won’t get rich. If you’re out on your own and if you’re not big enough to hire a staff or even work with contractors, then you will need to work a LOT of hours. Vacations may become a thing of the past unless you start making enough money to afford one and even then, we bet you’ll be working.
If “he/she” can do it so can I! We call this the “why not me” syndrome. If you aren’t specifically motivated and driven, you’re likely doomed to failure. Not just anyone has what it takes to run a business. Not everyone has what it takes to motivate him- or herself enough to succeed. If you don’t have a boss cracking the whip, will you hold yourself accountable or will you be looking at “unlimited time off” as your motivation to be an entrepreneur?
We applaud any, and every, entrepreneur and solopreneur who comes across our path. We know the sacrifices they made to get there and those they make to remain viable. Do you have the drive to be an entrepreneur? Do you not know where to start? Reach out, we can help!