Dear failing entrepreneur: What's wrong with being an employee?

in #business6 years ago

This post is gonna hit some nerves. Not apologizing in advance either.

Over the years of running community events in the entrepreneurship, startup and the SME space, I've met entrepreneurs who are world class, local champions, thought leaders, down to those who are just doing it as their main source of income (self-employed). Always a great feeling to connect with them, to learn from them.

But then, there's another level. Nope, not the wantrepreneurs, because they have yet to take action.

I'm referring to those who did (take action), and really suck at it.

And they have been sucking at it for years, scraping by, begging for short-term loans, avoiding friends and family members for fear of the question "how is your business?" They've lied too often that they are feeling ashamed during those quiet moments at night.

They talk a good game, bold even, but over time, you know they are not cut out for it. When you talk to them, you'd know they haven't grew much, not just personally, from within their own industry.

And the sad part, even as the bills accumulated and their spouses have to support the dream in quiet desperation, they refused to go back to employment. They would rather brave on, putting promises on hold, in the pursuit of a failing dream.

A dream that their realistic selfs were trying to wake up from, and yet, the delusional, stubborn counterparts tried to prolong for as along as they could.

Don’t get me wrong. I appreciate a good hustle. As a matter of fact, I admire it! There’re hardly anything that could tug my heart string more than a true blue story of a hustle, rags to riches, failure to fame.

But the very objective of a hustle is progress. Even a small step, a minute move is progress.

Sadly, those "entrepreneurs" who kept themselves busy, buried in their ignorance, drowned in their own denial, hiding under the “hustling”, they are not moving. You’ve seen them, you’ve talked with them, you may have even worked with them. Years could go by, and you know they are still at the same place they started years ago.

And when they were hanging by the last line of credit, last favour from a friend, last prayer for a miracle, they would still refuse to go back to employment. They have the certs, they have the resumes, they even have the connections. But because they have confused their delusion with determination, incompetence with initiative, and somehow, they think entrepreneurship is a class above employment. They couldn’t downgrade now, can they?

That’s BS, really.

So to the failing entrepreneur, I say this:

If you can’t make it work for you even after years of trying, seriously, perhaps you’d have greater success working under someone for a while. Your bills will get paid, your spouses won’t have to be woken up by anxiety attacks, and your kids will get to spend quality time with their parents. And in those moment released from the grips of desperation, perhaps a new path will surface, a better one that you couldn’t see before under the rumbles of worries, stack of bank letters and broken eye contacts from family members.

Some of the most well-balance, contented and happiest people I know are employees, and they get to spend time on their passion projects on the weekend. Some even ran part time businesses while keeping their full time jobs, and because they have lesser time to work on it, they are more focused, more effective, more productive with the little time they could afford.

Is going back to employment so humiliating that you’d rather hold on the a failing dream, a crumbling vision?

Is working for someone so degrading that you think you deserve better?

Is drawing a salary such a stab in the ego that you despise it?

Seriously, get a grip. You have a family to support, and you have responsibilities to uphold. You lack the necessary skills, so learn them during the evenings after your work. You lack the connection, so expand your network within and outside your job. You lack the strategy, so volunteer your time with mentors in exchange for wisdom.

But if you can’t see that, then the lack is of something much worse. Attitude. That, you gotta figure out on your own.

Here’s something others may not want not tell you in the face. You’re just not cut out for entrepreneurship yet. So stop denying the fact that you have a place somewhere else. Stop deluding yourself with dreams of fame. Stop derailing your family members from the happiness they deserve. You had your shot. You’ve outlived those years of trying and hustling and not moving. You know it before you go to sleep, in those moments of brutal honesty, when you feel most alone in the world, that you have to put your dreams on hold and go back to employment.

So do just that. Maybe that’s just what you need right now. Maybe that’s why you’re not progressing - you can’t see beyond the lessons you’ve yet to learn, and you’ve been skipping those classes.

And when I opened my eyes, and I looked over the horizon, in the stillness of the night, in the cool of the midnight breeze, I know what’s needed to be done.


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I agree with u bro !

I know a failed entrepreneur. He gave up his family, his perfectly decent career, his life savings and the respect of his peers to strike out on his own and "go big" in a new country in a new industry he knew nothing about. Ten years later he has yet to land a big deal, has no friends to speak of, has destroyed the financial well being of his family and driven his children to serious drug addiction and suicide through financial and emotional neglect.

I know a wantrepreneur. He made big plans after college to go into the entertainment industry as a manager, took on a client, set up meetings with big names using his parents' connections. Unfortunately he was much better at making plans than ever following through, and his idea of networking involves getting blackout drunk at black tie galas and throwing his business card at anyone with even a hint of status. Two months into a drink and drug bender, his client is leaving him now, emotionally and financially drained and owed a lot of money, and considering leaving an industry which I once knew him to have so much talent and potential for.

I am an entrepreneur. After a year of working for others in industries I'm not suited for and building a solid base to go out on my own, I'm doing my best to make progress every day. Steemit is turning out to be a major factor in said progress. I don't have many friends now. I've isolated myself from anyone who doesn't add value to my life. One of the hardest things about making your own way is coming to terms with exactly how much it is ~your own way~ at least at the beginning. It's so easy to lose focus, to get caught up with parts of life that don't have to do with advancing yourself and end up a wantrepreneur or an abject failure.

Every once in a while I come across a post somewhere on the internet that speaks to me. I found that in your post. You've put into words feelings I often have, and given me the opportunity to reflect on people in my life who, unfortunately, have ended up examples of everything I never want to become. Only time and my own grit will tell whether I succeed or fail, but I appreciate you writing and giving me this moment to think about it. All the best to you,

Wow, @Ausxen, thanks for your sharing. The stories you mentioned, especially the one about yourself, means a lot to me.

I think you're on the right track, and as long as you're making decent progress day by day, you're gonna be ok. Better than ok! Sometimes to really see how much you've come, you have to look back. It's not about living in the past. It's about taking comfort that you've moving forward.

I hope so. The new year has been a great reason to look back. I'm in a very different place today than I was this time last year, not geographically but in terms of personal and financial growth, for sure. I've watched many around me stagnate in this same time.

Thanks for your article.

Haha made me giigle, it was almost like you had someone in mind when you wrote this. A family member needed telling maybe?

Nice that you picked that up! Yup, I do have someone in mind. :)

With all due respect @maverickfoo, some of the most notorious success stories were born out of darkness and despair, in which no one stood with them in their beliefs; Edison, Disney, J.K. Rowling, Ben Franklin to name a few.

While I realize your post is to inspire readers to shake the dust off and get moving; oftentimes, a person seeking to succeed without 'the 9 to 5' aren't considered a fit for the workforce.

Businesses don't want people who are ingenious, who think outside the box. They want sardines. Also, a person who has been off the market for over a year might just need a connection, or two, or three to get a foot in the door. The internet has become a huge AI for filtering applicants.

One glimpse at FB, and they know everything they want to know about you, from age to race.
If you don't sign up as part of this AI, including Linked In, good luck getting a gig, barring a miracle.

There's also the curse of the over-qualified applicant. If you have a degree or two, it'd be best to downplay these worthless pieces of paper, if you're trying to get a gig requiring a high school diploma or less.

It's tough out there if you're in the market for a gig. Don't give up looking; but, don't let those who don't believe in your efforts drain your passion. Things will work out. They always do.

Peace.

Avoid taking exceptions for the rule. Yeah, there are a couple of success stories coming out of desperate situation, but they draw attention precisely because they are exceptions. The millions of failed business are the untold part of the story.

Failing in business should not be a reason to feel ashamed. It's precisely because individual business are so frail that the whole economy is strong: it helps building anti-fragility into the system.

Avoid taking exceptions for the rule.

Great point. I know many people lock in on self-sustenance, that before they realize it, they're entrenched in dependency.

individual business are so frail that the whole economy is strong

Sadly, this is a poor case for the entrepreneurial spirit. My best advice to anyone is whatever job you take to pay the bills, never lose sight of who you really are, i.e. author, painter, photographer, etc.

Acknowledge this fact to the point that people who see you after hours believe you are who you say you are. Photographer? You're forever carrying your camera to catch the perfect shot to upload.

Thanks for chiming in. Your point is well taken.

Btw, welcome to the Steem community! Here's a tip! for your insightful post.

Peace.

Wow, thanks to both of you for amazing comments here, @spiritualmatters and @renandossantos (and welcome to the Steemit community!)

Yup, totally agree that success sometimes come from darkness and despair. I believe it's in those moments that their path for greatness are set.

Truthfully, who are I to judge if someone should give up on their (foolish) endeavours or not. If they have the strength to attempt the same vision after several years of trying and no results, perhaps it will be that same strength that will propel them to greater heights we have yet to see. Walt Disney saw Disneyland in his mind years, decades before it came about.

There’s a lot of GaryVee sentiment in this post. Being #1 is not (can’t be) for everyone. Self awareness and ego-control are the biggest unlocks, and once you know you, smiling becomes very difficult to avoid.

Yeah, know thyself. Keeping it real, do what's right, reflect/evaluate frequently.

On that note, it's funny how some people can take "fail fast, fast forward" to literally though. They just fell and fell thinking it's gonna lead them forward. Without evaluating the experience, it's just gonna be the same fall over and over again. Ouch.

Lol. That's literally an ouch.

Suppose you need courage to give up even if it is not working 😅

It's usually courage against person ego... :)

Yeah... true that...

Hit the point. Running a business is not about getting the fame right off the start. Is about surviving to get the basic income going.

My boss always tell me this, "fight to see who last longer". Even if you're competing against a fierce competition, in the end, those that survive win. Unless you're funded huge money behind to burn, is a whole different story.

Yeah, agree. First step of business is to Survive, then Sustain, then Scale.

Of course got money, then just Scale, then worry about Sustain, then lastly, Survive.

I super agree with you. There is nothing wrong for working in a job that you love. There are many highly successful people who are employed because they are good at what they do. One of my favourite reference is Jack Welch. Brilliant guy, and does his own consulting after retiring.

I don't think you actually disagreed with anything he said though...

There's a difference between successfully doing something you love and unsuccessfully trying to be an entrepreneur.

Yeah, Jack is a legend! GE's stock prices doubled a few times under his leadership. Not many "entrepreneurs" can do that.

I know a guy doing this now, and I was doing it with him until a couple months ago. I might have exited sooner if I'd read this but he's still trying...

Meanwhile everything else I'm doing has been going better since I left the startup.

That's good to know, @telos. Yeah, the startup dream can be an enticing, even addictive one. It's easy to be sucked into it with the promise of fame and fortune. Most come out with none of both.

i like this post nice one ...i dont have much to say

Haha, ok worries.

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