Monday, June 25, 2012

5 Myths About Being an Entrepreneur

Hello! I was surfing through Twitter on this cool Sunday evening, and one thing led to another, and I found myself on the Young Entrepreneurs  section of Entrepreneur Magazine. I happened to find a great little article about the 5 myths of being an entrepreneur, so I've copied and pasted it here for you to read. I'll provide a link to the original page at the end! :)

Good reading!

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5 MYTHS ABOUT BEING AN ENTREPRENEUR

If you’re looking for a feel good post about why you should quit your secure 9 to 5 job and become an entrepreneur, this is not the post for you. Being an entrepreneur is great and I wouldn’t trade it for a desk job, but there are some things aspiring (or existing) entrepreneurs should know.



#1 You’re going to be insanely successful. You are not the next Mark Zuckerberg. Sorry, you’re not and I’m not. If you have the idea that you’re going to sit down and create the next Facebook and be worth billions of dollars in seven to 10 years, it’s not going to happen. Am I saying it’s not good to dream big? No. I’m saying there is only one Facebook and only one Mark Zuckerberg in this world.
#2 Entrepreneurs have a very flexible work schedule. They can work three to four hours a day and have plenty of time to goof off. I know I’m not alone when I say that entrepreneurs don’t have the luxury of ending our workday abruptly at 5pm. When you own your own company or work for someone who does, you have to put in the extra hours and the extra effort to make things happen. If you aren’t ready to work some pretty long days, you probably aren’t cut out for being an entrepreneur.
#3 Entrepreneurs can take off when they want — after all, you’re the boss, right? Remember all those times you used to be able to party on random nights of the week or just take off for a weekend with your friends? Not if you want to keep your business afloat the first year (or two, three, four, etc). Now I’m not saying you won’t ever get time off, but most entrepreneurs live, eat and breathe their businesses and a lot of times partying gets pushed to the wayside. What’s more important: Doing keg stands with college buddies or generating income so you can pay bills the next couple months?
#4 Working from home means you’ll have more time for your relationship, your pets, taking care of your home, etc. Wrong. Because you work from home, it’s like you live in this constant state of never finishing anything. You start cleaning the dishes and then think of a great idea or feature for your company. Instead of taking your significant other out to a nice meal, you ask to get drive thru so you can get back to work quicker. I can’t tell you how many times I’ve looked over at my dog and it looks like he’s crossing his legs because he needs to go outside (and I love my dog to death!).
#5 Everyone wants to have your job. I’m guessing it’s because people genuinely don’t love their jobs, but they think you have this perfect setup where you get to work and play all day long. I always hear things like “At least you don’t have to deal with a commute” or “I have so many worthless meetings and calls, you’re lucky”. Do you want to trade the last three days I worked 18 hours and had to go above and beyond to appease clients? No, no you don’t.
For all the starving entrepreneurs out there, keep fighting the good fight. We’re all doing things we love and enjoy, and that’s what matters. I may not be building the next Facebook, but I am excited about controlling my own destiny and knowing the harder I work, the more results I see.

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Here's the article link:
http://www.youngentrepreneur.com/blog/5-myths-about-being-an-entrepreneur/

If you'd like to learn more about entrepreneurship, I think this magazine is a good start. You can read certain articles directly online!
http://www.entrepreneur.com/magazine/index.html

2 comments:

  1. very true! everyone talks about how it's so "freeing," and it definitely is, but it's also a constant state of never knowing when to stop because there is ALWAYS more to do.

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  2. Yes, it's "freeing" but I find working for myself means tons more work! Being my own boss, AND the only employee, I have to do everything! This doesn't allow for much free time, or a normal evening. Plus, the money... well there isn't much of that either. It takes years to make money, and enough of it to pay a salary and your expenses. I'm not even close to paying off my rent & bills. It'll be years before I pay myself a salary.

    Yup. Such is the life of an entrepreneur. :)

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