What's something that sucks about being a entrepreneur? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
Sure, there are things that suck about being an entrepreneur but here are things that suck about not being an entrepreneur as well. No action or choice is without cost, even if that cost is only an opportunity cost... i.e. 'the benefit that a person could have received, but gave up, to take another course of action'.
But one characteristic about entrepreneurs that stands out is the way in which they look at 'what sucks' in their choice and simply rationalize it as the necessary costs required to get the benefits that they prize highly.
So when an entrepreneurial choice means setting your own schedule, making work fun, experiencing freedom, working with people you like, doing what you believe in, creating your own destiny/future and making the world a better place you won't hear entrepreneurs describing the costs incurred in getting these high-value benefits as things 'that suck'... they are simply the necessary costs that they accept in the cost/benefit analysis that they have made on their choice.
But for those that have never chosen the entrepreneurial path, here are some costs (what sucks) that you will need to consider if you do plan on taking that option, explained by one of the greatest entrepreneurs of all time - Steve Jobs.
- It's so hard because competition is rough and incessant. There are sharks everywhere.
- It appears irrational to others and at times to yourself so it's going to be lonely at times and you will feel isolated. Leadership is like that.
- You have to work at it for a sustainable period of time to succeed you are going to have to put in the hours. Long hours. Remember as an entrepreneur, a half a day's work = 12 hours.
- You have to love it and have passion otherwise you are going to fail so you have to love the fact that you are always on call and that the business owns you, not the other way round.
- You have to persevere when it gets really tough so your salary will be irregular, subject to the needs of the business.
- It's a lot of worrying, constantly what you stress about will be different and wide ranging and you will be called on to make all the decisions.
Then again look at all those entrepreneurs giving it a go out there who are quite prepared to accommodate these things that suck as the rational trade-off for living a life of significance and for a chance to just maybe put a as Steve Jobs did.
Entrepreneurship is living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't." -- Anonymous
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