The burning question when you’re tired of working for someone else is: “Can I Be An Entrepreneur?” Here’s what we think about three typical “But!” out there.
But I Don’t Know How!
Perhaps you have no idea of where to even begin, but that’s part of why you’re here. Instead of exploring further this train of thought, I’m going to remind you straight away of the millions of entrepreneurs out there in every country you can think of.
Do you believe they had all the answers before registering their chosen form of firm?
Or is it possible they didn’t know what they didn’t know, but had to learn as they went? And still must keep learning? Some may not even have become full-time entrepreneurs by choice, but it was thrown at them for some reason.
Doing business is a set of skills and if you’ve learned how to read and calculate, you certainly can learn these skills, too.
There’s a concept in zen on washing only one dish at a time even when a pile of them is in front of you and business works exactly the same. Forget multitasking, research has shown jumping between different things isn’t efficient, but rather learn to prioritise and tackle one skill at a time to a sufficient degree.
But How Can I Make Millions?
Everyone started somewhere since nobody was given an entrepreneurial skillset at birth. It may sound ridiculous put like this, but the really silly idea is that success happens over night.
What looks like an instant flood of money may hide years of honing a skill, long hours and no vacations, some tears thrown in for good measure and generally a high level of commitment.
Some are also fortunate enough to have a nice amount of capital available on day 1, whether their own or invested. Others must create a slow snowball effect through clever decision-making and action steps in a perseverant way.
Comparison in business is the beginning of the end.
At this point it’s pertinent to recall that across the globe nearly all firms are categorised as SME, small and medium-sized enterprises. What this means is the number of employees ranges from 1 to around 250. In the EU we distinguish further by including micro enterprises with 1-9 persons employed. While the most people are employed by SMEs, the most money is made by the few large enterprises.
This in turn means it’s highly unlikely to be an astronomical success financially speaking, if you work alone or with only a small team. And to grow the team size, you need to learn how to run a business sustainably in addition to taking on your expert role.
Calling all the shots may sound attractive but it’s hard work in practice. Are you up for it? Or does it sound nicer to let someone else worry about the responsibility of making all numbers add up?
But It’s Safer To Work For Someone Else!
It depends on your perspective. If you lack entrepreneurial skills, you are entirely at another’s mercy, who can fire you whenever they want. In uncertain times six months’ salary runs out quickly and what then?
If you on the other hand know how to find customers to create value for, you control the situation.
Work when you want, create a side hustle for your full-time job in someone else’s business, work part-time for another and full-time for yourself, work half and half, become a parallel entrepreneur with more than one firm simultaneously, retire early.
Do you want options? Then entrepreneurship definitely is for you.
Dream big and turn those dreams into reality with our help. Multiple income streams is the only sensible scenario to aim for if you ask us.
Going digital, implementing automations, marketing with “maximum output/minimum input” in mind, and learning about search engine optimisation are all part of our own choices. It’s not easy to own more than one firm either, but putting all eggs in one basket doesn’t sound very attractive.
What are your thoughts? Considering entrepreneurship? Post your questions and comments below, and check out our page Wemla Blog Series for further reading!
Photo credit: Stil.