10 Startup Tips
Chapter 2: What’s It Like?
Work hard. Dream big. – Aysa Angel
It is important before entering into any new business venture
to know what you are getting into.
When you see self-employed people,
you often think,
“Oh, lucky people,
they don’t have bosses,
they can work whenever they like,
they have employees doing odd jobs,
but they make a lot of money.”
It is true that self-employment brings a lot of benefits
and we will continue to talk about this.
But first,
think about the actual costs.
Disadvantage
Risk: With a newly established business,
risk and profit always go hand in hand.
Most people are stuck with worries about financial risk.
However,
the biggest fear you must overcome is fear of others seeing you fail,
fear of “friends” and competitors saying
“I told you so”
and fear of being hurt self-respect.
If you want to know what true failure is,
read Chapter 24.
Hard work:
Obviously,
it’s going to be a lot harder to manage your business in the beginning
than it is to work for someone else.
At that time,
family,
friends
and social life will often fall behind business.
You have to make sure this is the right time in your life
when you start a business.
Responsibility:
In your business,
when you stop working,
the money will also stop growing.
And responsibility will follow you home,
even to bed.
Don’t just lie in bed
and worry all night about the government’s exchange rate policy,
or whether your neighbor’s tree will reach your house,
think hard about the other problems
you’ll face when doing business.
Choosing the right timing is vital to a small business.
If you’re not sure now is the right time,
don’t even think about doing business.
Pause the plan,
wait for the right time to start.
Benefit
Of course,
self-employment also has many benefits,
specifically:
Master your own destiny:
Business people often hate to work under the orders of others.
The great benefit of self-employment is the opportunity
to work your own way.
Surely this is more than having to work for someone you don’t respect.
Self-employment is a lot less stressful than working for someone else.
In this ever-changing world,
sometimes self-employment is a steady job.
Opportunity to assert yourself:
I am talking to a group of entrepreneurs in a career orientation session.
When we asked each other about our performance at school,
it turned out that we were all below average,
dropouts,
slackers,
or daydreamers.
My report card says,
“Caspian can accomplish something
if he wakes up in five minutes
and remembers where his books are.”
From meeting and interviewing many successful entrepreneurs,
I realized that deep down,
they are driven
by the thought of asserting themselves to others
because they are acutely aware of their own weaknesses.
Basically,
this stems from childhood.
Many entrepreneurs,
like Richard Branson1,
have dyslexia,
some moved abroad at a young age,
others because their father’s business went bankrupt,
had to transfer from a private school for rich children
to a school public for all kinds of students right next door.
Whatever the reason,
their efforts have obviously made this world a better place.
Entrepreneurship is a great way to prove others wrong
and feel fulfilled in making a fortune on your own.
The opportunity to create everything:
For many people, the feeling of satisfaction
It can come from creating everything from scratch
or fulfilling their passion.
It’s a great bonus when you get to do what you love and get paid.
Money:
We can’t forget money!
When I said weakly,
“Money can’t buy happiness,”
to the repairman, he said,
“Well, last week my neighbor won the lottery for three million pounds
but from then on a smile was on his face also disappeared.”
If you want to become really rich,
self-employment is the way to go.
The point is not that you can pay yourself
as much as you want,
but the opportunity to rake in millions of pounds.
However,
I would cautiously place money at the bottom of this list.
Because in so many interviews with successful entrepreneurs,
their advice is:
Follow your dreams first and the money will come later.