If youve made the leap into entrepreneurship then congratulations! If you are thinking about becoming an entrepreneur then you need to keep reading this because Im going to tell you about what life is like as an entrepreneur from an insiders perspective. Most of the time entrepreneurs find that life is very different in several ways than that of an employees. I definitely do. Some of the things that are usually different in an entrepreneurs life are responsibilities, feedback, time management, cashflow, and potential. Responsibilities
As an entrepreneur your job description could go something like this Brian Watkins Responsible for taking care of EVERYTHING! Thats right! Especially when you are just starting out, your responsibility in your business may be to do everything. Your non-entrepreneur friends are definitely not in charge of handling the entire business of the company they work for. Be proud of it. It can be tough but sometimes it is necessary in order to reach the point where you employ others who handle everything for you. Ive spent a good amount of time in the Do Everything position and am finally transitioning into a position where I can hire others to handle certain tasks for me. Feedback
As an entrepreneur you are taking a non-traditional path. When you veer off of the beaten path of being an employee you tend to get some special feedback from people on your decision. Most people will be very supportive of you and wish they had been like you when they were your age. The younger you are, the truer this is. On the other hand some people will turn your entrepreneurial dreams into a negative. You will come upon these people at some point. Ignore them. In fact go as far as feeling sorry for them and tell them that you do. These people are pessimists. They consistently see things worse then they really are. The bad thing is that sometimes these people can be those who are closest to you. Keep your mind focused on the positive encouragement youve received and ignore the pessimists. Time Management
When and how much time you have to commit to your business venture is going to depend on the current state of the business. Unlike most jobs this can be very volatile and unpredictable. This goes double if you are handling most of the work in the business. There may be times where you have to work really long hours and sometimes pull all-nighters on occasion. Certain business situations dont just affect you like school work does and your business may need you past the normal amount of working hours of your peers W-2 jobs. But a benefit of this volatility is that sometimes you can be flexible and work your business tasks around your personal life. Cashflow
Cashflow for entrepreneurs is a variable. You dont have a steady paycheck to count on. Im totally okay with that. Sometimes you will have more money in your hand than you need and sometimes you wont have enough. You may make $100 one week yet make $5,000 the next. Keep close tabs on your cashflow so your business can remain stable. Potential
One of the sweetest things about entrepreneurship is that your financial potential is unlimited. This one of the core reasons why I chose to be an entrepreneur. Those that choose to make a career out of working for others rather than having others work for them are automatically placing a limit on their earning potential. There you have it! Those are some of the real differences involved with the life of entrepreneurs. Overall these differences in responsibilities, feedback, time management, cashflow, and potential add up to an extreme advantage for capable entrepreneurs. |
