Do you know what we adore about entrepreneurship? Entrepreneurship allows us to let our guard down, and indulge in building a start-up from scratch according to our ideologies and principles. Owning a business might seem pretty exciting, relieving, and self-reassuring however, there are some scary truths about entrepreneurship that make it pretty challenging and gruesome.
These factors need to be addressed, which is why we have mentioned 4 scary truths about owning a local business below. It is important for you to acquire habits that help to acknowledge and therefore, reduce your fears in order to promote your business’ success.
- You don’t work alone
In order to be a good entrepreneur, you need to first realize the fact that a business’s success cannot be attained by working alone. You cannot work your way to the top by directing your lone self. An empire is built and led by a team – teamwork allows you to work harder so that you don’t let your staff’s expectations down. Also, you need to understand that there are times when your employees might actually teach you a thing or two about entrepreneurship – let your guard down and listen to their input.
- You’ll have to sacrifice (a lot)
Building an empire from scratch isn’t easy. Sure, reading about entrepreneurs like Ray Dalio, Walt Disney, and Benjamin Franklin might provide you the motivation you require, but you need a bit of that adrenaline rush to function and the ability to act. At the start, you might battle with expenses, and require banks for loans. You’ll have to make peace with the fact that building an empire takes a lot of time, possibly a decade or a few more years down the line. This shouldn’t matter as long as you’re putting yourself into the habit of working harder for your business’ success.
- You won’t be working from 9-5
You’d probably ask yourself after reading this, “is this a scam? I got intro entrepreneurship because I didn’t want to work from 9 to 5.” While you’re thinking that you might get the liberty of setting your own hours (which you will most likely be able to do in the future), you need to make peace with the fact that building a business and attaining good leads and clients requires perseverance and patience. This means that you won’t be working from 9 to 5, but will probably be working all day. This might affect your health, which is why you’d need to alter your daily routine with habits that are directed towards your best interests. Your work life will take over your household, and you’d have to learn to cut yourself some slack.
- People might not like you
While you’re busy setting up your business, you might indulge in decisions that affect the outcome of your company, but not your employees as a whole. There will always be certain people who might not support you, or people who wouldn’t care enough for your business or your health for that matter. There might be people who would wait for you to fumble and rub your failures in your face. While we agree that having supporters and people who agree with your ideology is important, and perhaps necessary in order to tackle those leads and clients proactively, however you may need to just let go of certain situations and people you are comfortable with in order to grow to the level you desire.
A piece of advice: Think about your health and start-up. Try to make your staff and employees understand your perspective after listening to theirs. Explain why your perspective might be effective and better for the business’s success if people don’t share or relate exactly to your vision.
“The way to get started is to quit talking and begin doing.” - Walt Disney