5 Facts About Being an Entrepreneur Nobody Tells You, According to Entrepreneurs

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If you are thinking of starting a business and you are surrounded by good people who encourage you, you will certainly hear a lot of things.

You will hear that you can do whatever you want. You will hear about the freedom to be your own boss. You will hear about the potential to expand and transform your business into an empire.

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In reality, many smart and ambitious people decide to open businesses that have come to nothing, entrepreneurial freedom can become a prison and not only do most businesses not become empires, but about half will fail during their first five years.

No one is trying to dissuade you from pursuing your dream, but the wisdom of founders who have been there before is bound to be more insightful than that of your mother, husband or children.

Keep reading to hear what the real founders in the trenches wish someone had told them to come in.

It’s lonely at the top

No matter how much support they get from friends, family, online groups, or bankers, entrepreneurs are always on their own – and that loneliness has forced many strong people to quit.

“I wish people would talk more about the loneliness it can be to start a business,” said Bethan Vincent, who founded her company, open speed, during the already difficult times of the pandemic. “The very nature of entrepreneurship means that you are trying to do something that nobody has done before. That in itself is very isolating, because there is no set path to follow. The loneliness you feel is also compounded by the fact that you and you alone are ultimately and often solely responsible for the success or failure of the business.This can be extremely difficult mentally.

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If you’re well rested, you’re not doing it right

For entrepreneurs, lack of sleep is normal and constant sleepiness only compounds the stress inherent in starting a business. If you really go there will be little time to close your eyes, but worry can keep you awake at night even if there is.

“Being an entrepreneur means long hours and little rest,” said Oscar Rodriguez, founder of OssieRodriguez.com. “There’s always something to do, whether it’s working on a new product or dealing with a difficult customer.”

This is all hard enough when you’re fresh, but the sleep deprivation only adds to the feeling of loneliness Vincent was talking about earlier.

“Being an entrepreneur can be very isolating,” Rodriguez said. “You’re responsible for making all the decisions, and there’s no one to bounce ideas off of or lean on when the going gets tough.”

It’s a rollercoaster

If you haven’t started yet, you can imagine that you will start small and then grow, grow and grow in an upward trajectory. But, in reality, steady, consistent growth is an entrepreneurial myth – expect lots of ups and downs.

“People don’t realize that entrepreneurship isn’t linear,” said Jodi Soyars, an attorney who runs the San Antonio firm. Soyars and Morgan Law with its business partner. “One month can be amazing, while the next can be devastating. Long-term success requires smiling through the bad and the good times.

It’s easy for your personal life to suffer

As you can see, the life of an entrepreneur tends to be stressful, uncertain and sleep deprived. If you don’t have the rigid discipline required to erect walls between your business and your home or social life, you could end up losing them all.

“A reality of being an entrepreneur that becomes clear very quickly is that you really don’t have set working hours,” said Yasmin Purnell, founder of The wallet moth. “It can all too easily mean that you are always working, especially when you are passionate about your business. Any successful entrepreneur needs to be an expert at time management, not only when it comes to meeting deadlines, but also setting boundaries around your own time. No one will tell you your shift is over or suggest you take a vacation to make time. You are the boss, and the reality is that you are now in complete control of the line between your professional life and your personal line.

Even if you succeed, there will be failures

From zoning and marketing laws to taxes and customer relationship management software, entrepreneurs always face a steep learning curve. Because you will invariably encounter unfamiliar challenges, you won’t always find the right solution, at least not right away. For most business owners, long-term success is built on many short-term failures.

“In the early days of setting up your business, you know nothing about corporate culture, ongoing competition, monetary issues and legal issues,” said Dr. SS Nandal, CEO and Director of MG Creations. “Being immature, you must encounter many failures that disappoint you and may even convince you to quit. Failures create an environment of despair and depression. Staying motivated in this environment is the hardest part. It takes a lot of mental toughness to survive and become a successful entrepreneur.

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About the Author

Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was previously one of the youngest nationally distributed columnists for the nation’s largest newspaper syndicate, the Gannett News Service. He worked as a business editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as an editor for TheStreet.com, a financial publication at the heart of New York’s Wall Street investment community. .