Business
7 Truths Of Entrepreneurship No One Tells You
Being an entrepreneur is a high-risk and high-reward journey that only few can withstand. Nowdays, becoming an entrepreneur seems like a worthwhile pursuit. Afterall, you get to be your own boss. You make lots of money, right? And best of all, you get to wear the much sought after badge of honor - that you're a part of the 1%. Much of that is fiction and the reality of entrepreneurship is hardly anything like what the media and entertainment industry portrays. Everyone knows entrepreneurship is difficult, but very few know just how difficult and what the journey is actually like. Here are the 7 Truths about entrepreneurship that very few people will tell you.
One of the perk of being a self proclaimed "entrepreneur" is that you're among the special few. Nothing could be further from the truth. Once you become a recognized "entrepreneur", you'll realize just how many of you there are. And no one really cares about one another. No one thinks about you, cares about you, or believe your idea is special. At least not yet. As hard to swallow as it is, people don't care that you're an entrepreneur as much as you think.Another common reasons people become entrepreneurs is to escape the traditional nine to five work week. I hate to disappoint you, but that's literally the complete opposite of what will happen. Not only are you not going to escape it, you end up having to work the ten-to-two in addition to the nine-to-five. You'll miss the days where you get to relax and stop thinking about work after 5PM. And you'll certainly miss only having to work 40 hours a week.You became an entrepreneur because you thought you were doing something unique and cool. And you also thought that you were the only one in the known entire universe that's ever thought of that idea. Oh boy, you couldn't be more wrong. Little did you know, you've been typing in all the wrong keywords on Google to find your competitors. The moment you begin to seriously research your competitors, you start to find them. And you'll also realize that in many cases, your competitors are older than you, more experienced, and have more funding. Prepare to be demoralized.To make matter worse, no one wants to invest in your idea at this stage. If you're just starting out, you likely have very little to show for. And savvy investors want to put their money where they will have the highest chance of getting a return of investment, and you're just not it, not yet at least. But along the way, you'll realize just how difficult fundraising can be. For most entrepreneurs, it takes anywhere between 6 months to a year to secure their first round of funding. For some, it will take even longer. So if you're in need of capital, be prepare to play the long game.And the tragic truth will seek you out one day. One day, you'll sit at a coffee shop waiting for your next meeting to show up. You've hardly slept the night before. You can't even sort out all the tasks you haven't done this week. As you're sitting there, you can feel both your energy, hope, and aspiration dwindling. That's when you realized you no longer love what you do. You started this journey because you believed that it was something you loved and that you could spend the rest of your life doing. After all, that's what everyone's been telling you, that you need to pursue your passion. And here you are, out of money, out of luck, and out of fuel.Every entrepreneur will eventually come to the point where passion no longer fuels the journey. This is the most critical point in your entrepreneurial pursuit. Because this is where most people get up and walk away. The ones who succeed recognize they need to seek out something more than just a passion, they need a real purpose.And for those with unbreakable will and perseverance, you'll be rewarded in the end. You'll soon realize that as long as you stay in the game long enough, you can succeed. Sure, there's likely to be a lot of pivoting and changing your business plan. But that's all a part of growing and evolving your company. One day you will get the funding you want. One day, your product will finally find a place in the market. And one day, you'll be living the life you once dreamed of.This is what every successful entrepreneur will tell you. And that it's all worth it in the end. You'll realize it's called a journey for a reason. It's a long, tough, and challenging journey that's meant to break even the bravest adventurers. You'll look back and miss all the fun and excitement of figuring things out. And you'll laugh at all the silly failures you didn't see until much later. If you stick with it until the very end, you'll find out that it was worth every ounce of sweat and tears.
1) No One Cares That You're An Entrepreneur
One of the perk of being a self proclaimed "entrepreneur" is that you're among the special few. Nothing could be further from the truth. Once you become a recognized "entrepreneur", you'll realize just how many of you there are. And no one really cares about one another. No one thinks about you, cares about you, or believe your idea is special. At least not yet. As hard to swallow as it is, people don't care that you're an entrepreneur as much as you think.2) You Never Escaped The 9-5
Another common reasons people become entrepreneurs is to escape the traditional nine to five work week. I hate to disappoint you, but that's literally the complete opposite of what will happen. Not only are you not going to escape it, you end up having to work the ten-to-two in addition to the nine-to-five. You'll miss the days where you get to relax and stop thinking about work after 5PM. And you'll certainly miss only having to work 40 hours a week.3) Someone Already Did It
You became an entrepreneur because you thought you were doing something unique and cool. And you also thought that you were the only one in the known entire universe that's ever thought of that idea. Oh boy, you couldn't be more wrong. Little did you know, you've been typing in all the wrong keywords on Google to find your competitors. The moment you begin to seriously research your competitors, you start to find them. And you'll also realize that in many cases, your competitors are older than you, more experienced, and have more funding. Prepare to be demoralized.4) No One Wants To Give You Money
To make matter worse, no one wants to invest in your idea at this stage. If you're just starting out, you likely have very little to show for. And savvy investors want to put their money where they will have the highest chance of getting a return of investment, and you're just not it, not yet at least. But along the way, you'll realize just how difficult fundraising can be. For most entrepreneurs, it takes anywhere between 6 months to a year to secure their first round of funding. For some, it will take even longer. So if you're in need of capital, be prepare to play the long game.5) You Stopped Loving It
And the tragic truth will seek you out one day. One day, you'll sit at a coffee shop waiting for your next meeting to show up. You've hardly slept the night before. You can't even sort out all the tasks you haven't done this week. As you're sitting there, you can feel both your energy, hope, and aspiration dwindling. That's when you realized you no longer love what you do. You started this journey because you believed that it was something you loved and that you could spend the rest of your life doing. After all, that's what everyone's been telling you, that you need to pursue your passion. And here you are, out of money, out of luck, and out of fuel.Every entrepreneur will eventually come to the point where passion no longer fuels the journey. This is the most critical point in your entrepreneurial pursuit. Because this is where most people get up and walk away. The ones who succeed recognize they need to seek out something more than just a passion, they need a real purpose.6) Everything Works Out As Long As You Stay In The Game
And for those with unbreakable will and perseverance, you'll be rewarded in the end. You'll soon realize that as long as you stay in the game long enough, you can succeed. Sure, there's likely to be a lot of pivoting and changing your business plan. But that's all a part of growing and evolving your company. One day you will get the funding you want. One day, your product will finally find a place in the market. And one day, you'll be living the life you once dreamed of.7) It's All Worth It In the End
This is what every successful entrepreneur will tell you. And that it's all worth it in the end. You'll realize it's called a journey for a reason. It's a long, tough, and challenging journey that's meant to break even the bravest adventurers. You'll look back and miss all the fun and excitement of figuring things out. And you'll laugh at all the silly failures you didn't see until much later. If you stick with it until the very end, you'll find out that it was worth every ounce of sweat and tears. 
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