The Positives and Negatives of Being An Entrepreneur
A lot of people are interested in starting their own companies and living the life of an entrepreneur, which shouldn’t surprise anyone. People find the idea of being their own boss appealing, believing that this is going to give them much more control over their lives. Individuals who have had difficult bosses may actually be motivated to become entrepreneurs on that basis alone. They might be under the impression that the entrepreneurial way of life is going to be one that gives them the sort of flexibility that they have always wanted.
It should be noted that in many ways, entrepreneurs have less flexibility than employees. Employees have to put in a certain number of hours each and every day in order to maintain their jobs, and then they automatically get time off at the end of the day and during their weekends. It has been said that people in business never really get any time off, which is certainly partly true. They have to be constantly promoting and marketing their businesses, or they’re not going to get the clients or the customers that they need in order to really move forward with their lives in the business world.
It should be noted that as difficult as being an employee can be, employees do get to maintain a certain degree of stability. They know that they are going to get regular paychecks at this time. They can plan ahead financially more easily than entrepreneurs, who won’t always know whether or not their businesses are really going to get off the ground and when.
Employees also have the satisfaction of knowing that their work is usually going to be rewarded. It is true that one of the most frustrating aspects of being an employee is the simple fact that it is possible to do a lot of work as an employee and get paid the same amount as someone who is always slacking off on the job. Employees will often feel as if they have very little real motivation to push themselves, since they know they can get away with putting in less effort. However, at least employees know that if they put in eight hours on the job, they are going to be rewarded with eight hours worth of wages.
Entrepreneurs don’t always know that all of the substantial effort that they put into marketing their business is going to pay off at any point. Far too many entrepreneurs put in years worth of effort only to find that their businesses managed to fail anyway. The majority of businesses do not even make it into their first years, and many other businesses don’t make it past the five-year mark. On that basis alone, entrepreneurship can be tremendously difficult emotionally.
Entrepreneurship is a way of life that carries high risks and high rewards. The people who succeed at it can become tremendously wealthy or at least successful and stable. The people who fail at it will have invested a lot of time and money in something that just didn’t work, which is going to carry emotional costs in addition to all of the other costs. However, these entrepreneurs are always going to have the satisfaction of knowing that they actually tried something that many people would have been too nervous to try, which is going to have its own emotional appeal.