Being an Entrepreneur is exhilarating. I do it because I love it. I often talk about how I loath the idea of doing the same thing day in and day out and wishing for the weekend. For me, it seemed like such a sad state of affairs to live the majority of your life for the minority of your week and for other people to be responsible for how much you can earn, how much holiday you can take and what time you need to start and finish every day.
It doesn’t do it for me.
I would often find myself daydreaming, likening the rat race of corporate life to The Matrix and I knew instantly that I would, without hesitation, swallow the red pill and head willingly and wholeheartedly down into the rabbit hole.
But there are still some real truths about being an entrepreneur that I want to share with you based on my own experience so far.
- You can still find yourself a slave to other peoples needs.
- It’s not always easy to transition from employee to business owner. If you’re not careful you swap 1 employer for many.
- You might still get bored.
- Yes, it’s true. No matter how exhilarating being an entrepreneur is there is still boring stuff to do and it’s no more fun than the boring stuff you had to do as an employee – the difference is that anything you do is for your own benefit and that makes it boring but satisfying.
- You will easily double your working hours.
- If you’re getting into business for the purpose of working less you’ve got another think coming. Particularly in the first year. I have worked more a hours for my business than I ever did for an employer. Why? Because you are invested, financially, physically and emotionally. I never feel like I’ve worked an 80 hour week but I do and you know what, I love it.
- Everyone will have an opinion.
- It can be a bitter pill to swallow but everyone you know will have an opinion on what you’re doing. Along with all the supportive comments I have lost count of the amount of times people have told me I’m mad or brave (this is often a backhanded way of saying I’m mad) or that Brexit is going to dump all over my business and I will end up destitute – get used to hearing what everyone else thinks. Mostly, learn to stop soaking it in. Other peoples opinions are not your business.
- It’s all on you.
- It’s a different kind of pressure. Make it or break it, it’s down to you. Whether that thrills you or terrifies you it’s the bottom line. Win lose or draw, it’s all on your terms.
Time management is probably the biggest issue when you first start out and it’s also one of the hardest things to get right. If you can then you really will steam ahead and those truths don’t create as much strain.
I’ve put together a guide of things you can do to find more time. As a new entrepreneur (or even as a seasoned one) it’s important to review what you’re doing frequently, if you think it might help you can download it here.