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About Everything Wiki » Business » Why You Don't Need to Start Your Own Business, or the Freedom to Be an Employee

Why You Don't Need to Start Your Own Business, or the Freedom to Be an Employee

03 May 2023, 19:56, parser
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Let's be honest: an entrepreneur is often associated with a stylishly dressed person who always talks on the latest model phone, adjusts an expensive watch on his wrist, and then gets into a premium car to get to his plane and go to work somewhere on the islands. Because he can.

This image is further cultivated by photos from Instagram*, all kinds of success stories, interviews with already rich and famous entrepreneurs.

The truth looks very different. Entrepreneurship is the most difficult path that you can choose. This opinion is shared by John Westenberg, an entrepreneur, writer and columnist of well-known publications.

If you are creating a startup because you want a balance between your personal life and work, freedom and time to rest, I have bad news for you. You won't succeed.

John Westenberg
entrepreneur

Why won't it work? Let's figure it out.

Let's count the money

If you are an employee, you get a fixed salary. Thanks to this, you can sit down at the beginning of the month, brew a cup of coffee and plan spending for 30 days ahead. You are cheerful, cheerful and have a good idea where you will spend your salary this week and next too.

The equation is simple: you work X hours a week, get Y money for it.

This equation doesn't work when you're an entrepreneur. It turns into a multi-level monster and makes your brain literally explode.

You need to understand how much money you have, which deals you can close, what is your financial flow, is there a gap... Moreover, you need to figure out how much money you can allocate as your own salary so as not to go bankrupt next month. You will have to settle for small amounts for a long time. It's very difficult.

On the other hand, if you learn to save money and think things through a few steps ahead, sooner or later your business will earn more, and you will learn to make the right decisions regarding finances.

You will have to find a balance point. Either you sacrifice your life to save money and invest it in business, or you leave everything as it is and hope that everything will somehow work out by itself.

The second option is the simplest. He will ruin you. We must choose the first one.

Agree, it all sounds pretty sad. That is why being an employee is much easier than starting your own business. Deprivation and self—restraint are difficult, and not everyone is able to cope with them.

How is the time?

Most entrepreneurs sincerely believe that their own business is a good way to control time and separate work from personal life. Unfortunately, this is complete nonsense.

For most of those who have started their own business, time is the main and main resource. And even here the entrepreneur is dealing with certain risks. After all, time may be short, and tomorrow it will disappear altogether. But, one way or another, that's all you have.

For the first few years, you will spend almost all of your time on a new business. Time, in fact, will be the only resource that you fully control and feel. No matter how much money you have, time will make you worry and nervous: aren't you devoting too few hours to your business?

And when to live?

My boss is an idiot

So many people say and plunge headlong into their own business. Unfortunately, the reality is that working under the control of another person is much easier than being your own boss. Even if the boss is bad.

There are two types of managers:

  1. The boss is a bastard. You know them. They carefully make sure that you are not late for a minute, they can put a stack of cases on the table five minutes before the end of the working day. They don't remember when your birthday is, and they hardly give you a raise.
  2. The boss doesn't care. There are such things too. They don't care what time you crossed the threshold of the office, they don't give feedback about your work. Sometimes it seems to you that such a boss is not at all interested in what you do in the office. And that's why you feel unnecessary, and you consider your work meaningless.

The truth is that if you are an entrepreneur, sooner or later you will turn into one of these bosses. You will either give yourself complete freedom of action, or you will go crazy trying to control every minute.

Your employees won't understand you. After all, this is your business, your brainchild, your future. It is not surprising that the maximum pressure will focus on you, and the sound of a ticking clock will wake you up in the middle of the night. In fact, you will be the only person in the team who has laid down his life to achieve the goal.

This is a very unhealthy situation. But it can't be otherwise.

And to the good news

If you have read all the dark stories and reached this line, we congratulate you. Because there is good news too.

All the horrors described above really exist and await everyone who starts their own business. But it's worth it. In return, you get the opportunity to create something incredible, unique and original.

You will have the opportunity to change the course of your own career and take responsibility for your future. When you do something for yourself, you get great satisfaction.

And maybe— maybe! — someday you will be able to go so far that you will really conduct your business somewhere on the coast, sitting on a comfortable sunbed and sipping a cocktail. But the way to this beach lounger is very long and difficult. It's not for everyone. But it's worth it.
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