A lot of people dream and talk about being entrepreneurial and starting their own business. Everyone wants to do it, but few ever really take the necessary first step, and those who do take the step rarely put 100% of their efforts toward making it succeed. Nothing in life is truly successful without a full commitment.
There are several posts on Career Ramblings about how to succeed so in this one I will focus on “why you need to be an entrepreneur” (although if you are really wondering why, then maybe it’s not for you). Do keep in mind that building your own future is not for everyone and many people are happy working 40 hour weeks for “the man”. There is nothing wrong with working a 9 to 5 because one of the main goals in life is to be happy. It’s just that different things make different people happy.
Wikipedia defines an entrepreneur as:
Aa person who undertakes and operates a new enterprise or venture and assumes accountability for the inherent risks. Entrepreneurship is often difficult, as many new ventures fail.
Here is why we should all consider being entrepreneurial:
- Risk is fun and exciting. I am talking about calculated risk not haphazard risk. Would you rather sit in front of a computer screen all day mindlessly crunching numbers in excel or proof reading your bosses work about material you have no interest in, or would you rather take an idea you are truly passionate about and turn it into something you can focus all your attention toward and watch it grow and make you money? I would rather focus on the latter.
- You are on your own time schedule. When you are building your own business, there is no one there to tell you when to come into the office and when you can leave. Your only objective is to grow your idea/business into the most successful project you can, so your job is to do whatever it takes to make the growth happen. If you are a morning person, you can wake up at 5am and work; if you are a night owl, you can sleep in but stay up til 3am working your butt off. Be sure to remember that even though you are on your own time schedule, success still takes a lot of work.
- Your success is in your own hands. The extent of your success is solely in your own hands. The formula for your success is: Quality of idea + hard work + luck = success. You are not relying on the CEO, your boss, or your district manager to determine your success.
- Monetary reward. If you work a typical 40 hour week and make $30 per hour, and you happen to have a flash of brilliance that results in your company making an extra $50,000 in revenue, how much of that do you make? Most likely still your $30 per hour. If the same flash of brilliance occurs while implementing your business idea, guess what? All $50,000 goes into your pocket.
- Satisfaction and self-actualization. There is nothing more satisfying than successfully growing your idea into a competive business. You are taking strides toward reaching your full potential in your business life. This is a difficult feeling to come by when you are working a $30 per hour job getting slapped around by your boss. I firmly believe people need to feel they are self actualizing in some way in order to be truly happy.
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