Entrepreneurship isn't for Everyone
These days, it seems like nobody wants to work for anybody else but themselves, they all want to be their own boss. And this notion has been hammered on by all inspirational speakers who do not fail to point out that the richest men in the world are entrepreneurs
"The top 100 richest people in the world are business owners, you can't be the richest man in the world by being an employee" they always say, brainwashing students & young minds that instead of trying to work for the fortune-500 company, you can actually build your own. But one thing these "motivational speakers" (who mostly don't have jobs, or businesses themselves) fail to point out is that there are certain traits required to be possessed by a person who wishes to start a business, entrepreneurship isn't for everyone.
They fail to you that if you lack important skills such as Persistence, Resilience, Leadership, Wisdom and Critical thinking, your business or startup is most likely not to succeed.
I know you're thinking "What does this guy know. I can be persistent, resilient and all those things, as long as I'm Sha going to be my own boss". And that leads me to another key trait of successful business owners which is "Self-reflection", being able to be true to ourselves. Nobody knows us better than us. If you know deep within your self that you cannot stand to fail a thousand times before getting something right (like Thomas Eddison) or be a hustler at the age of 52 (like Ray Kroc), then Entrepreneurship is not for you. Just the same way all kids can't be lawyers, doctors or engineers, not everyone can be an entrepreneur.
And being an employee is not so bad too, really it isn't. Most jobs come with health benefits, insurance packages, pension plans, accommodation, commute, vacation allowances and so much more!. You can argue that "ehn, this employees work 9am-5pm making another man rich" but this jobs help provide a steady stream of income with which people can support their families, plus employees can take leave whenever they chose. Entrepreneurs on the other have it tough, especially in the early life of their businesses. They don't have life insurance, healthy benefits, steady stream of income and other allowances. New entrepreneurs usually work more than 16hours a day just to get their businesses off the ground. And yes, no leave. If anything happens to an entrepreneur during the early life of his business, that's the end. No pension plan or insurance for his family to live on/benefit from.
Most people tend to forget that starting a business is a gamble and 80% of new business have the tendency of failing. Some people even use entrepreneurship as an excuse to have bad grades
"I'm gonna start my business after all so why should I bother to pass that test?" But what if that business you look so forward to starting eventually doesn't succeed, you get stuck and end up a mediocre, or even worse, become one of those motivational speakers I talked about earlier telling everyone they can all become entrepreneurs.
My point is, the most important thing these days isn't truly what everyone else is doing, or that Jeff Bezos, a business owner is now worth $160billion dollars. The most important thing is knowing yourself and identifying your strengths and weaknesses. Do you have what it takes to be an entrepreneur? If yes, go for it. If not, get a job. It's that simple.
Posted from my blog with SteemPress : https://www.tell.com.ng/entrepreneurship-isnt-for-everyone/
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Hi @ojuolape! I really enjoyed your post. It has a clear message and was easy to understand. Please add a source to your pictures next time :)
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STOPGreat post @ojuolape. You are absolutely spot on. If it were something everyone could do, then wouldn't everyone be an entrepreneur? Just like here on Steemit. If everyone could be a whale, then why aren't they?
Whether we in the general sense, realize it or not, we are not all cut out or meant to be 'top dogs' For any of it to work you need a few things, which you did mention. The biggest is money. To be an entrepreneur you have to have capital enough to go far beyond the building of the business. You should always have enough capital to run you business for 1 full year, including every single expenditure for that time. Hard yes, impossible no.
With Steemit...the more you invest, the more you post, the more you comment (the more work you do) the faster you will grow. If you slip up, it's not back to square one, but you have to gain that part of your reputation back.
I have been told constantly, do what you love. I REALLY like what I am doing now, however is it worth the cost of being demeaned? Is it worth the cost of not getting paid? I think we need to find the happy medium. If you don't like what you do, then yes find something else. Being that unhappy puts immeasurable amounts of stress on yourself. You have to be willing to give a little in the process too.
You were featured in week 37 of @pifc's Pay It Forward Curation Contest by @mcnestler. Keep up the great work!!