For most people, becoming an adult comes with the challenge of finding a decent job; the kind of work that will sustain their financial requirements day in and day out. Some wait for graduation to start looking, while others invest in internship programs to gain a considerable advantage over their peers when the job hunt begins. In most cases, unless you luckily find your dream job (where work does not seem like work), then you’ll land in a typical 9-5.
There are policies in place, you’ll report to a network of superiors, and it is also possible that you’ll encounter bouts with mediocrity from time to time. The work is usually the same day after day and burnout may be in your near future. Working a job that you’re simply not into, partnered with the daily stresses of commuting and the like, will bum you out for sure.
You might start thinking that having your own business, where you are the boss, would be a far better alternative. So you think about quitting your stable job and starting work as an entrepreneur. You’ll find so many people badmouthing jobs and encouraging those who’ll listen to strive to become entrepreneurs in the goal of achieving financial freedom. To most, this can surely be a dream come true but do understand that it won’t come easy. There are lots of hurdles that you must overcome to become a successful and financially stable entrepreneur, and it takes years of work to get to this point.
Entrepreneurship revolves around the idea of creating a business and targeting a niche market to start. A lot of people fail to realize the amount of work that goes into running a business. When you work for a company, all you have to worry about are your daily tasks and deliverables. When you own business, you have to worry about everything from your operations to your people to sales generation. Even leaks in the pipes become your concern. And when you start a business, you have to invest. You can either borrow money from banks or investors or put in your savings into it. Everyone involved in this process alone has to work to follow this investment through. No one just sits around waiting for something to make money for them as this is simply fantastical.
If you want to make money, you have to work for it. Businesses also have no guarantees. If your idea fails, then you might have to close down and declare bankruptcy if you cannot meet your debts and obligations. You then have to work tirelessly to earn back what you’ve lost.
There are few who strike gold but even more who are left in the dust. Although there’s nothing wrong with wanting to have your own business, it should not be your top priority. Unless your family has already built a business that you can take over or unless you have enough finances to gamble, take it slow and focus on your stable job for now. Once you have the funds to invest, start a business on the side while holding a regular job and use the business as a secondary income source.