Being an Entrepreneur isn’t for everyone
20 percent of small businesses fail within the first year
You will definitely fail many times. But you have to consistently take risks and actions to succeed.
Why Entrepreneurship isn’t for you?
Why entrepreneurship isn’t for you? By knowing these points you can decide whether to start your entrepreneurship journey or not.
#1 You Like To Stay In Your Confort Zone
As an entrepreneur, you have to take risks frequently. If you are not willing to take any risks, you can’t be an entrepreneur. If you are thinking to stay in your current stage and be an entrepreneur, then you can never be an entrepreneur. You have to come out of your comfort zone.
If you want to fulfill your dreams and want to get the most out of your life, then being an entrepreneur is not easy. You will fail many times, you also may be stuck in debt. So you have to be prepared for it.
Entrepreneurship is not like your job where you have to do just a task 100 times, here you have to do many kinds of tasks. Being an entrepreneur will give you dozens of workloads. You have to design and develop the product as well as sell the product. At first, you will have workloads for which you have to skip your nights.
The same thing is the job was easy, you just have to work in the given time. But if you want freedom then you definitely have to leave your comfort zone and if you are not willing to do that, entrepreneurship isn’t for you. To be successful, leaving a comfort zone is a necessity.
Think of what was the last time when you took a risk or which scared you? If you can’t remember what is the last time you took a risk, then maybe entrepreneurship isn’t for you. But it may be if you learn how to take calculated risks and make calculated decisions.
#2 You have the habit of Frustrating and Irritating
Once you have stepped into entrepreneurship, you will have many responsibilities on your shoulder. You have many responsibilities, though, after some time, you can start delegating them. But at first, you will some pressure or stress. You will have the responsibility for your own destiny, as well as your organization your destiny. You will also have the responsibility for your whole team and your family.
Also, you will have so much work to do, which will increase your responsibilities. Because of this, you may get frustrated and irritated. But as an entrepreneur, you could not throw out your anger in someone else.
Most people’s habit is to get frustrated easily after work. And if you have this habit, either you have to change it or entrepreneurship isn’t for you. Entrepreneurship will brainstorm you.
#3 You think this path is easy
It’s not going to be easy.
employee to entrepreneurU.S. Bureau of Labor Statistics (BLS) data, shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more.