The idea of starting a business might sound amazing, it might sound fun, and it's obviously a popular notion in order to become financially independent. So you might be thinking to yourself, is this something that you really want to even embark on?
Is this something that you think you'll be capable of making work for you?
Is this a fantasy that you want to start a business, or is this something that you are able to actually execute?
But I realized that this is something that if you weren't born into an entrepreneurial household, like myself, this comes second nature to me, then you might be kind of going crazy potentially in your mind because you see the normal job path that you should be taking and something just doesn't sit right.
You don't really know what it is.
You don't have a support network to turn to to find out, is there something else, or is this what life looks like? And it might be that you are just meant to be an entrepreneur, but you don't have any role models or guidance or anything to even get you kick-started in this world.
The flip side of this is that maybe you think that you should be an entrepreneur.
You see a lot of people like myself talking about, "Hey, become financially independent through starting a business."
And maybe you are attempting this, and you're starting on this venture, and it just feels so uncomfortable, and you don't really want to be there because you find out that there's a lot to it.
There's a lot to being a business owner and entrepreneur. So maybe you're actually not interested in this world, and you're just taking on other people's opinions of what you should do.
The online world is filled with people that are telling you that this is the best way and the only way. Not true. And so, I tell people, yes, entrepreneurship is amazing. It's also very hard.
Don't get me wrong, it's very hard, but I do not want you to come at me and say,
"I tried this business thing, and it went wrong, and you're the one to blame."
No. Lots of things go wrong in business. This is how it works.
And you have to figure out if this is something that you're willing to undertake, this huge challenge, but you might have this hunch for entrepreneurship, even knowing all the downsides of this world. So you have to choose a lane which works for you.
What are the benefits of becoming an entrepreneur?
1. Learning to generate multiple streams of income. I love becoming an entrepreneur because you have endless possibilities of how much income you're able to create for yourself and how many income streams.
And one of the fastest ways, in my opinion, to become financially independent and financially free is through having multiple streams of income. Though a traditional job as an employee is very limited in order to do this.
2. You can contribute greatly to society. Of course, as an employee, you do so much of that, but I know that I have skillsets that are able to contribute so much to people's lives. And there's a gap that's not being filled that I have the information for. And so, through me creating this business and being able to reach you with all this information about financial freedom, I know how many people's lives I can change. I can reach many households.
3. No one tells you what to do. Okay, this could be a good thing and a bad thing. Some people need to be told what to do. Some people really do rely on someone to say, "I need you to study this. I need you to do this." It's how their brain works. They like being given instructions on how to operate in the world. I am bad in this regard, so many people can agree with this.
4. Work hours. You don't have specific work hours. Weekends don't really exist anymore. Weekdays don't really exist anymore. It could be a great thing. It could also be a disaster. If you are a workaholic and you find yourself working 16-hour days, almost every day for about a decade. You need to figure out how to have boundaries for yourself
5. Full control of your time. Essentially, kind of the same concept, but I have full control of my time. It is up to me whenever I work, however much I work, the efficiency of how hard I work in periods of my time, and then breaks I have. I can have holidays or vacations whenever I please, as long as it works around my schedule. I'm able to put these structures in place after being in business and figuring out what I am capable of, how I can restrain myself, put boundaries in place, put the right operations in place. So, I don't have to be there every second of every day to run my business.
6. Making money. There is no ceiling as to how much money can be made as an entrepreneur, while there is a ceiling when it comes to being an employee. Now again, it could be a good thing or a bad thing because if you're not making anything, it's down to you, but if you master marketing and sales and create a really valuable product that suits so many people's needs, you could be making the big bucks from that, like endless amounts of money.
7. You learn so much. You learn so much when it comes to business because you wear all of the hats. You are the accountant, you are the customer service, you are the editor, you are the person in front of the camera, you are the graphic designer, you are the mailman, like literally everything in a company, you are all of it until you get to a certain point where you can start delegating. But even then, you might have to step in at any time and fulfill a role that isn't being completed properly in case a staff member got sick. You are able to fill the role or train someone because of the amount of knowledge and skill you acquire.
8. It is super fun. Even when it's stressful, it is just keeping you on the edge of your seat. Even though it's stressful, but it's creating something that I want. I'm working on a project that I really enjoy, and I see it as beneficial to society. So, despite all the stress that comes along with it, I'm fully wholeheartedly in it.
9. Being able to remain in business is one of my favorite things because this is freedom. And as I said, freedom is the number one thing that I desire in life, and business gives me the capacity to do that.
If you're willing to go down this path and have everything, be your responsibility and have endless hours that you will be working, figuring things out as you master the skills that you need in order to make the business work for you, I encourage you to go for it.