Over the years, I’ve come to realize that lots of people go into entrepreneurship because well, other people are opening small shops these days so why not them? Since entrepreneurship is pretty much the trend nowadays, everyone wants to have a taste of it. People quit their years of full-time jobs to start a business of their own.
We all have our various reasons for wanting to start up something of our own. Most of us would go out of our way to justify our reasons. We see seemingly booming businesses; we listen to certain business coaches who would tell you one hundred and one reasons why you should quit your job and become an entrepreneur.
However, as juicy ad rewarding as an entrepreneurship can be, there are things some of these online entrepreneurial coaches never tell you about starting up a business. Those things which you’re left to find out on your own and which can crumple your business if taken unawares.
Some of these things you’re never told about starting a business are as follows;
1. THE REAL CAPITAL: The action part of starting a business begins with having capital. They tell you that you can start a business once you have capital. What you don’t know however is that you need more than the cash you termed capital to start up a business. The initial stage of starting a new business requires lots of cash and time investments. Most of the time, we sit down and make certain calculations arriving at an estimated capital. Once we have that amount, we say yes! We’re good to go. But the time you realize the real capital is when you already started.
2. LACK OF INITIAL INCOME: I’ve done several businesses, some of which I earned very little while some I never earned a penny from. I’ve been blogging for close to three years now and as I write this article for you, I haven’t earned a dime yet despite the several spending to maintain this site and reach people over the years. Business can be like that sometimes, especially at the initial stage. If you open a business thinking you would start making money right away, then I’m sorry to tell you that you might be disappointed. Some of the big, successful businesses you see out there took several years before they could boast of their first profit.
3. PRONE TO FAILURE: The truth is not all business start-ups are going to succeed. In fact, most of them fail! That is the cold, hard truth we keep shying away from. Because you see a business is doing well now doesn’t mean it never failed at a point. Some fail several times before they finally make a head way. People who have thought they had everything in place and under control have seen their business crumpling down to point zero. Business start-up is the genesis. Nothing is clear yet at this point. You only discover as you go.
4. NO CLEAR RULE/PATH: Entrepreneurship is like life. You keep learning as you go. That’s why it’s a lifestyle. What you learn at a particular stage prepares you for what’s coming next. There are no laid down rules. It is not straightforward and no two businesses or individuals are the same or have access to the same resources. No method is right or wrong method in business. Despite the basic start-up tips, you’re being given, a larger percentage of what would really help your business grow is what you figure out on your journey up the business ladder.
5. TIME: Starting up a new business requires working really hard and for long hours. Initial stage of business start-up would require a lot of input from you which still isn’t a guarantee of the success of the business. It might take a long time for a business to gain balance and for you to finally take a little break. Entrepreneurship requires lots of patience. The time it would take differs. Like I said earlier, no two businesses or entrepreneurs are the same. There’s no rush. The important thing is that you go at your own pace.
In summary, no good thing comes easy all the points listed above is in no way meant to discourage you. If I don’t tell you, you get to discover it yourself by the way. Hopefully when it won’t already be too late. Some business coaches out there might tell you only the rewarding part of entrepreneurship. Then, when you’ve started, spent lots of money and time only to discover surprisingly that there were circumstances you weren’t properly prepared for due to lack of information.
This article is just to prepare you for what lies ahead. Entrepreneurship is very rewarding. You not only grow your business, you grow yourself.
Entrepreneurship is adventuresome… enjoy the adventure!
So, what are your thoughts? Please let me know what you think in the comment section. I would love to hear from you!
***If this article was helpful, please kindly support bizmanin here👉 https://useshukran.com/cr/bizmanin so we’ll be able to keep bringing quality entrepreneurial ideas and tips to help grow your business..
Thank you so much for your support so far. I wouldn’t have done this without you all!😘