Entrepreneurs Can Struggle Balancing Work and Life

If you’re anything like me, then jobs are probably your worst enemy. Nothing’s worse than having to spend up to 12 hours a day at a job that you want nothing more than to walk away from. No matter what type of job, most of us face the same issues: either you are being overworked and underpaid, you’re constantly being harassed by bosses, managers, or coworkers, or your job just isn’t as fulfilling as you would like it to be. Whatever the case, the fact of the matter is, having a job just doesn’t make you happy.

By now, most of you who despise having jobs have tried, or thought about working from home or becoming an entrepreneur. Being self-employed definitely has its advantages. The best part about entrepreneurship is that you are your own boss, so you get to set your own work times, working whenever and wherever you want, for as much or as little as you want. As tempting as this sounds, there are still other factors to becoming an entrepreneur that most people either don’t consider, or don’t know. For anyone who fantasizes about becoming an entrepreneur, it’s important to analyze every aspect, both good and bad. Entrepreneurship may have its advantages, but it surely has its downsides, too.

GETTING STARTED ISN’T EASY

The hardest part of becoming an entrepreneur is getting your foot through the door. Most of us tend to think that entrepreneurship happens overnight, but takes a lot of energy and dedication, and can be frustrating when you don’t have access to the right resources. One thing to remember is that it’s important to have an idea, because it will be pretty difficult developing your overall business plan without a theme for which it can be based. As long as you have a goal and a structured plan to accomplish it, you have a greater chance at success, even with limited resources.

IT TAKES MORE TIME

Becoming an entrepreneur means that you’ll basically be spending all of your time maintaining your business, especially once business begins to grow. If time management isn’t among your list of skills, then it will be very difficult keeping up with your business while maintaining a life outside of work, especially if you have kids. This doesn’t seem like such a bad thing when you’re pursuing the career you’ve always wanted, but it’s always important to make time for yourself, as well as your family and friends. Time management is not only important in maintaining a healthy business, but also a healthy lifestyle.

NO STEADY INCOME

Most of us who decide to just jump into self-employment don’t consider the change in income. We all like to think that we will automatically generate a fair income from the very beginning, and we couldn’t be more wrong. Switching to entrepreneurship from a shift-based job also means giving up the security of a steady income for an inconsistent and unpredictable one. When it comes to becoming an entrepreneur, there is no guarantee that you will generate enough money to live on. Even if you are able to get by, it’s still a slippery slope because sometimes you won’t know where your next paycheck is coming from. So, if you’re really considering starting your own business, make sure you have enough money saved just in case, or be prepared to live on a very strict budget.

NO DAYS OFF

When it comes to entrepreneurship, there is no such thing as an off-day. Since you are in charge of your own business, people are going to look to you when there is a problem. As your business grows, so does your responsibility, which means that you will be on-call for your business 24/7 to resolve any issues. This can be very stressful and irritating when you’re on vacation or caring for your children or family. Which is why it’s important to make sure that you will have the time and dedication before becoming an entrepreneur.

IT REQUIRES SELF DISCIPLINE

Most of us who consider becoming an entrepreneur think that self-employment means that they will get to sit back, relax, and watch as their business blooms like a garden. What we continuously fail to realize is that gardens need water to grow. Starting a business requires serious commitment, which means that you have to be self-motivated in order to succeed. Lack of self-discipline and motivation will make it more difficult for you to dedicate your time in putting in the work necessary to grow your business. Motivation is not something that can be taught, but rather a matter or personality. If you aren’t the type that can do things without being asked, especially things you don’t want to do, then chances are you wouldn’t be fit for entrepreneurship.

FAILURE IS INEVITABLE

One of the most important things to remember about becoming an entrepreneur is that you are almost guaranteed to fail, especially in the beginning. Every billionaire businessman or woman you know have all experienced some kind of downfall at some point in their. It is important not to let your downfalls discourage you, because if we all gave up every time we failed, no one would ever succeed at anything. Sometimes, you have to hit rock-bottom in order to realize that there is a way up. Keep that in mind every time you experience a setback in whatever you are pursuing, and you will never feel discouraged about your business.

Becoming an entrepreneur is not all it’s cracked up to be. It requires hard work, dedication, and the moviation to succeed. It also requires patience and a positive attitude, especially during difficult times. with these traits, an idea, and a plan to bring it all to life, you are destined for success!

Sourcs:

http://source.southuniversity.edu/pros-and-cons-of-being-an-entrepreneur-96101.aspx
http://retireby40.org/7-downsides-entrepreneur/
https://www.entrepreneur.com/article/242828
https://www.startupgrind.com/blog/pros-and-cons-of-entrepreneurship/