Being an entrepreneur is the new swag nowadays. Mostly people want to do something of their own, live according to their fantasy and be their own boss.
But as good and independent entrepreneurship makes us it also makes us vulnerable to certain things that we either don’t know of or we’re unwilling to except it.
So today I’ll be focussing on the negative aspects of entrepreneurship or the challenges you may face while you’re becoming an entrepreneur.
Being less self confident and more unsure –
Now when you start doing your own work like starting a tuition class, mentoring your friends, blogging, or a typical business then you’re often filled with enthusiasm and happiness. You start off by being very positive and optimistic ’bout your ideas. Most of you usually hit off well and tend to be successful. But at some point your business or blog or tuition class etc, might suffer from a loss or you might not be in demand or maybe you might’ve lost public trust. Now these are hard times and often make us question ourselves and our ideas. Every entrepreneur hates these times but what they don’t realize is that this is very important in their lives to give them a reality check of the world out there and the competition that’s waiting for them to make one mistake to outwork and outshine them. The people who understand this and are patient and consistent with their work are likely to learn a lot for both personal and professional gains whereas the people who fail to get the message eventually give up or at least lose their confidence in the stuff they were once passionate about. Losing confidence often leads to a downfall for your work as you’re not just as strong willed as you were when you started working.
Understanding the difference between questioning yourself and losing confidence.
( I wasn’t gonna write about this but it’s very important to get this difference) –
Look questioning yourself is actually a good thing because then you’re questioning your motives and your values again and again which helps you understand if what you’re doing is out of societal pressure or because you genuinely love it. It also keeps you from being overconfident or cocky on your success. It makes you improve your content and quality but if you question yourself too much AND IN A NEGATIVE WAY then it actually makes your way of thinking pessimistic and you start to lose confidence. The only way to overcome this is to correct yourself as soon as you start observing a negative pattern of self -questioning.
Being ready to start over at any given time –
There might come times when the damage to your work is too much because of either your ignorance or lack of your efforts and this may be irreversible. You might not have a chance to make amends and the only option you do see is starting over. Though most people don’t face this kind of situation but if ever for once you feel trapped and you need to start over since it’s the only option left then you first need to analyze the situation and see if you’re ready to do all of the hard work that you did on your first project again without a compromise. If you can do that then the situation of starting over becomes less of a burden as you’ve already admitted that you’re ready to do it all again. But if you don’t think you’re condition (physically, emotionally or mentally) is good enough to do it all over again then this puts you in a very difficult situation.
No one might get your vision –
One thing that a person must know while starting a business is that not every one might get your point of view. In fact there might be no one who has faith in you and your ideas. They might all think you’re bluffing and your ideas are useless. But you need to get this through your skull that if you waste your time in convincing people in theory about your ideas then they probably might never get it. Instead, you should work on your ideas silently for a while and when you think that your work is enough to make even one person to believe in you, then you should disclose your ideas and let other people in. There’s no telling that everyone will still trust you and your ideas after you do some work ’cause there’ll always be someone who won’t approve and would in fact try to dismiss your ideas. This is the hardest part to fight since you might want to punch that person who drags you down when you try to get up and prove your worth but you need to calm down and ignore that person and focus on getting more support for your ideas.
Running out of ideas –
Now some people might be in a kind of business where they need new ideas on a regular basis and now matter how good and creative they are, they’ll not always have the best of ideas. Some people run out of ideas due to monotonous and same type of ideas which they use in their business.
Losing interest in your work –
When you become a stable and established entrepreneur then mostly no one wants to take many chances but the fact remains that to be successful and grow, taking chances and having change is inevitable and is probably the best way to prosper. But the fact remains that not everyone wants to take chances all the time. Some of us who have a monotony in the profession might lose interest after a while. Of course passion for the work we do makes us incredibly happy but after reaching a certain point, change becomes necessary and we start being less sure of ourselves. This happens because we start to lose interest from our chosen career path due to the monotony that comes with it daily. But of course this disadvantage is not applicable for all kinds of professions, only for a selected few where variety is less.
Sacrificing personal life-
Now once we start a business it’s pretty obvious that we have to give it our 100℅, no shortcuts can be taken. At times we get so engrossed In growing our work that we often tend to ignore our personal lives. We tend to forget those happy moments when our siblings used to tease us all the time and we used to pretend to be pissed, when we party with friends or when we make love with our partner. All of this seems somehow less important than all the burden and pressure of succeeding in our business. Being successful in your professional life is very important but you do need to remember that after being successful people want to have a peaceful and happy personal life as well. They want to enjoy their rest of the life with their family, friends and all those people whom they left behind in the process of achieving something. If you truly want success then you need to take care of all these things as well. This is because success without happiness and emotional satisfaction is not complete success. It’s only a part of it.
Now I’m not asking you to care about all of your douchebag friends who don’t give a shit about you. No. That’s not what I’m asking. What I’m saying is figure out who is your friend and who’s not, who is worthy of your trust and loyalty and then spend time with these people no matter what. Because we first sacrifice our personal life to have a professional life and then we are willing to give away anything to have our personal life back in track. Which is really dumb if you ask me.
I’m writing about this only because I believe that if you really want to pursue something in life then you have to know very well what you’re signing up for. You need to understand what are the pros and cons and then take calculated risks. Now I know that entrepreneurship ain’t any conventional or regular profession. It includes several professions and is being self employed and being your own boss. But still this post is very important for people who want to shift from their regular jobs to being a full time entrepreneur.