Based on a lot of the information I have received from other entrepreneurs and even some blogs, hardships will definitely come if this is the path you choose. I am not saying this to complain about all the hard work it takes to actually be successful but to illustrate some of what may have to be given up. It is up to you if you choose this path and feel you are prepared enough for it.
Can you give up family? This depends on where you are in life. I am in my early 20’s and know I want to have a wife and children. I know that it is not the best time to be having children. These wants and desires will have to wait because I want to bring children into a more stable environment. I picture it is much easier to be an entrepreneur when you rely on yourself. If your children depend on you, make sure you are prepared to handle their needs.
Can you give up certain friends? Some un-driven friends may try to bring your ideas or motivation down because misery loves company. A friend should support you even if they do not agree with you. There is a difference with constructive criticism and criticism. I am told that you surround yourself with like individuals. Choose your friends wisely.
Can you give up security? Will you be able to give up that steady weekly paycheck you currently receive from the company you work for? This is an enormous step if you are. Money will not be readily available in the beginning. The “luxuries” of life may have to be put away for awhile. Sleep will be reduced, TV is very rare, dinner at fancy restaurants almost nil, or even that extra DVD you saw in the aisle at the store will have to remain on the shelf. This may sound extremely discouraging but it is not meant to be. You are building your foundation. If you spend the time and effort in making it solid, your structure can be there for a long time. If you build an unstable foundation, your structure is more likely to fall.
These are just a few of the items that may have to be given up if you choose this path. Be well-prepared and ready to take on the world!
Thursday, August 6, 2009
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