The Good & Bad Of Being An Entrepreneur
Entrepreneurship is not just a title that would mean that the person is into a business. This carries a lot of responsibilities, trials and challenges coming from an internal and external factor that needs to be surpassed. It may be quite difficult to be into this situation that other may not get it. However, an entrepreneur should get into it.
The Good & Bad
Unknowingly, aside from the good side, entrepreneurs also suffer from the bad side. These bad sides may not be quite defined the reason they are not well understood. For us to dig in deeper, let us ponder the following:
The wrong notion – Families may not deeply understand the process of being into an entrepreneurship. They normally think that you are unemployed and are just doing your thing. No matter how many achievements and praises you gain in the entrepreneurship world, they cannot easily get it.
Freedom is not your thing – People normally thin that when you are the boss of your own business, you will have the luxury of time. Well, in fact, this is not true. Being into a business, most especially if you are just starting up, freedom is not in your vocabulary.
You have to attend a lot of meetings, seminars and lectures that will help you learn more on how to be strategic in your business. Not only that, but you also have to take the time to hands on to your business. You need to make sure that your staffs are working well; the operation is good, and customer service is excellent.
Income pressures – Since you are the boss of the business, you are to make sure that the employees are well compensated. Considering that you are the one who holds the money, you have to be keen enough in calculating the expenses, total earnings and payables. With this, you do not have the choice but to do the math to prevent any losses and wrong calculations.
You can be physically and mentally challenged – If you are the head of the business, it is always you where employees usually look up to. Whenever bad things happen, it is not them whom customers will vent out their bad experience but on you. You do not have the choice but to listen and help the customer calm down, even compensate to suffice them.
Not only that, in every scenario, you should always be the front liner, even if you are prepared or not, it’s up to you to handle everything smoothly.
Problem-solving is always a part of the game – Even if you are not being used to solve problems, in this industry, you should learn how to. We can never know when a problem will occur.
May it be between you and your employees, misunderstandings between employees, customer dissatisfaction and even marketing problems, you have to solve all of these without having you prepared. This is how an entrepreneur’s life could be. That is why it is very important for them to be mentally prepared before entering this industry.