Want to know the real motivation behind current entrepreneurs?
As a business owner each day you wake up needing to sell.
You either make money that day or you don’t.
Nothing is given to you. You have to fight for everything a.k.a. the daily grind.
Signing up as an entrepreneur basically makes you a sales person. Even though you’re the boss, you’re 100% responsible for selling. It’s tough work, not for the faint at heart. In fact, you become so accustomed to rejection you think you’re dating her.
But chasing your dreams does have a tremendous upside. Complete freedom is one of the best feelings you can experience and once you’ve been the boss, it’s tremendously hard to go back to working for someone else. In the right situation it’s possible, but chances are while you’re working, you’re strategizing how you can improve the process on your own.
The reason entrepreneurship is down with Millennials is because it’s too big of a risk. Chasing your dreams doesn’t pay well. If you like supplemental income for travel, dining out and adventures put that on hold. Considering starting a family? One of you better have a stable job with benefits or suffer a drop in quality of lifestyle.
Possibly a larger factor than a big, scalable idea is timing. Forget age, what life stage are you in: single and career driven or in a relationship and starting a family? The answer to that question will give you clarity on whether or not to pursue your dreams. Starting a business takes more of an investment in time than money, so your current level of responsibility will give you clarity on pulling the trigger.
Take it from someone whose priorities changed drastically over the past several years. What was a good decision before, isn’t the best decision now. Pride aside, your life goals change which calls for a life pivot.
Entrepreneurship can be for everyone, but think about the lifestyle you want to maintain and decide from there.