The experts are deceiving you

in #life5 years ago

Back before I purchased my business I was an employee whose $14k per month income failed miserably to bring happiness.

I felt incredibly unfulfilled in my work and grew more frustrated at how little meaning my work had with each passing day.

And so I started consuming vast amounts of self improvement content. Some helped, other content directed me towards entrepreneurship content and some of this was great, and this is where my doomed mission of becoming self employed began.

jr2wfwc82e.jpg

I was an avid listener and watcher of all your usual, big name, entrepreneur podcasts and YouTube channels. And I owned all the typical books that wannabe entrepreneurs read. I discovered lesser known names in the business, and in time I had digested most of the old content out there and was searching with earnest to find new and useful information.

I found, in time, that the big name entrepreneur spruikers typically sell a consistent message:

  • buy or build a business
  • find good staff to lead key aspects of your business to free up time
  • automate as many aspects of your business as possible
  • use capital from your business to launch your next venture
  • rinse and repeat

That’s the bulk of their content right there. Some entrepreneurship gurus niche down into other areas such as online marketing and so on. And some of that content is great too.

But there’s one key issue with most of these “gurus”

They over simplify everything and fail to highlight some of the real risks and challenges that business owners face every day.

Sure, it’s up to the individual to assess the risks involved in any venture they move into, however these supposed gurus have a great tendency to whitewash the risks and make things seem as if they are simple undertakings that will lead to semi-passive wealth building businesses.

And many of them aren’t even true experts

There have been many occasions where these gurus have even admitted to not being experts while presenting themselves as being experts.

lrzeh5imnp.jpg

And if you do a little digging, you’ll often discover that the people pretending to be experts are often learning what they need to know (to appear to be an expert) on the fly. Which can lead to some horrendously bad advice if they haven’t actually tested whatever it is that they might be spruiking on the day.

It’s a sad reality

The point that I am slowly making is that it is very easy to get caught up in the excitement that these experts (who are not actually experts) are creating and even easier to disregard or downplay the very real risks of becoming self employed.

Being self employed was the toughest experience of my life

The idea of building a business that would largely look after itself sounds amazing. And I even had that lifestyle for a brief period of time. But it was a short lived experience for the following reasons:

  • No staff member will ever be as passionate about your business as you are. And as a result they will never bring in more business than you will.
  • Staff come and go. And you need to be ready to lose vital staff members and then take the time to replace and train them. A revolving door of staff members is not at all uncommon in small business.
  • A business with staff is a complex beast. Managing staff alone can be a full time job. Which leaves little time for other vital work a business owner needs to complete.
  • It’s highly unlikely that you’ll be able to outsource your marketing until your business is making significant profits. And even then, would you sacrifice those profits to have someone do a sub-par job of your marketing? You know your targeted demographic like no one else, especially a half baked marketing agency that just wants your re-occurring revenue. And how many years do you think it will take to reach these levels of profit? Consider the possibility of never in many cases.
  • These experts never tell you just how much of your income will be lost to the various administrative expenses that come with any small business. Think accounting fees, various subscription costs, insurance costs, superannuation, GST expenses (in Australia) and many other costs depending on the type of business that you operate.

So when these gurus talk about the beauty of being an entrepreneur and the costs of doing business, take it with a grain of salt. They are invariably over-simplifying and often exaggerating the reality and making it sound much easier and more achievable than it really is.

And most of the time they do this so that they can sell you some pathetic course

xabcb8kbu1.jpg

Please don’t fall for their bullshit. Being a business owner is hard, extremely hard. The reality is that you probably won’t take an income for a couple of years.

  • You’ll work insane hours for no pay.
  • Your stress levels will be unlike anything you have ever experienced before.
  • You’ll make many sacrifices that you might deeply regret.
  • And if you take on staff, you’re now responsible for the livelihood of another human. Are you ready for that responsibility? Have you considered what it would be like if you had to let that person go?

One of the most destructive things that happened to my feeling of self worth and self confidence was the day that I had to make 7 phone calls to tell my employees that they no longer had a job. That was not a good day. I don’t wish that experience on anyone.

These entrepreneurship “gurus” can on occasion provide great content and valuable information. But it pays to listen to this content with a skeptical mind. Most of their content is designed to sell you something. And they can’t sell you an entrepreneurship course if you knew the harsh reality of being self employed. Small business is a brutal world. If you survive in that world you have my utmost respect.

I, however, was eaten alive.

Image sources:
https://www.fredlaw.com/practices__industries/anti-counterfeiting/
https://equity.guru/2018/05/16/canada-cobalt-works-ccw-v-buoyant-blue-metal-market/bullshit-2/
https://www.asalesguy.com/

Sort:  

Congratulations @debtfreein2! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 250 upvotes. Your next target is to reach 500 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Please delete this comment given that no abuse has taken place.

Posted using Partiko iOS

Like you said aboutanother post, this is utter crap. And since i got downvoted for using booster on a post where I actually spent hundreds of dollards to airdrop a token to all steem users, ill gladly report your post toosince thats what we are doing now. I honestly think you dont deserve $5 in upvotes if i cant have $4 for a serious project introduction that spent hundreds fo dollars to benefit steemians

sorry but enjoy the flags and your not allowed to get bid bot upvotes . No more buying upvotes.

OH and Ive decided youre also not allowed to receive upvotes from bid bots as they benefitted from selling to upvoters, hah ,

I didn’t purchase any votes for this post and have never purchased any votes since starting to write here.

You’ll notice that both @therealwolf and @smartsteem voted on this post. No one has said anything to me however I suspect that @therealwolf (who owns @smartsteem) gave me the @smartsteem vote which was extremely kind of him.

You’re free to use your down votes as you deem appropriate but please get your facts straight. You can check my wallet to see if I have ever sent funds to bots.

And I didn’t down vote the post that you are referring to. I rarely downvote anything to be honest given that my vote is worth virtually nothing. I simply stated that it didn’t deserve to be on trending.

I’m curious, what’s crap about this post? It’s something that I spent a decent amount of time writing and includes some very personal details from my life.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 71181.66
ETH 3647.17
USDT 1.00
SBD 3.75