In the 21st century, many people are quitting their routine jobs to focus on starting their own business. This is after the everyday speeches on the advantages of being self-employed. This has resulted in many people ending up on losing hope after discovering the entrepreneurship world was not as easy as it sounded in a speech. Well, here is a compilation of the harsh truths no one will tell you about starting a business.
The Dark Side is Real:
While it is very encouraging to listen to many people who made it from rags to riches, it is also important to know that the dark side of a business is real. There are many challenges that are unexpected that no one talks about that you got to be prepared to encounter. For example, when starting a consulting business, you will need the patient to work hard to be able to sell your services.
Passion Alone is Not Enough:
Well, I am not trying to underrate the power of passion in making a business successful. However, you need more than that to pull through the business world. For example, if you are starting a consulting business, you need to seek knowledge from the right sources. These are people who are actually in the industry and not individuals who only talk about the business.
You Cannot Do It Alone:
In most cases, people insinuate that as long as the founder, who is the CEO of the business, is on track, then the business is good to go. The truth is no matter how good you are; you will need a solid team to help execute your plans for results and offer you valuable guidance.
It takes Years of Hard Work to Build a Business:
The reason the millennial are joining the business world is because they believe that it helps them have more free time on their hands. The truth is, for a business to be successful; a lot of hard work is required. As an entrepreneur, you have to put in long hours to make it. Building a business is also lonely because you have to spend a lot of time trying to figure out everything alone compared to the employment where you have fellow employees to talk to daily.
You Have To Be Insanely Motivated and Disciplined:
Well, self-motivation and discipline is an attire you will need to wear every day as an investor. You will need to be motivated even when nothing seems to be working out according to your plans. Remember that even though you will eventually get teammates, at first you will need to hack alone. Also, while procrastination is almost a normal thing for students, in entrepreneurship that is suicide, you cannot afford to postpone anything.
Entrepreneurship has many advantages, and it is a good option. However, it is not for everyone; it is for those who are ready to face the ugly truths and still be motivated to stay in business. The above pointers are not meant to discourage you but to help you make the right decisions before deciding to venture in entrepreneurship.