The 4 Sacrifices Entrepreneurs Make in Business Start up
Below are sacrifices entrepreneurs make to get their business on top. Being an entrepreneur can be grueling, spirit breaking and downright tough. You have to have a thick skin. But being an entrepreneur, allows you the chance to be your own boss. And you are also graced with an opportunity to work in industries you have the passion for and build businesses that reflect your values.
Jayson Demers on Entrepreneur, writes: “Every entrepreneur starts out with big dreams and excitement. As an entrepreneur, you control your own destiny, and with the right ideas, the right skill set and unflinching dedication, you can build wealth or establish an enterprise to serve as your legacy.
This is the bright side of entrepreneurship, but unfortunately, there’s also a darker side. The rigors of entrepreneurship demand sacrifices, and if you don’t make those sacrifices you’ll never be able to succeed. Business is, at its core, a give-and-take process. The more you invest, and the more you’re willing to part with, the more you’ll reap in rewards in kind.”
You’ve started your business, but you are still finding it hard to define the direction to grow it. Truth is, entrepreneurship is an unstable path to follow. Many entrepreneurs have faced several unpredictable shifts in their business as they make progress. It is part of the process, so be prepared for it. All you need to do is to put in extra effort and have a clear direction of your business goals then, things will stabilize.
Probably before setting out to become an entrepreneur, you were working for an organization and you feel your salary doesn’t match the work you do. And so you thought that by becoming an entrepreneur, you will have the opportunity to pay yourself any amount of salary you want. I’m sorry to disappoint you. Not only do entrepreneurs anticipate low-to-no salary at start up phase of the business, they end up investing their own money in the business. If you’re not prepared to sacrifice your salary for at least a few years, then entrepreneurship may not be for you.
Your social life
This is the most important sacrifices entrepreneurs make. The start up period of any business demands time, effort, and hard work. It takes long hours, late nights and early mornings. Being available all this time will elevate the growth of your business. You are going to limit the amount of time you normally spend with family and friends. The lines between your personal life and work will blur when you become an entrepreneur. You have to plan and strategize on balancing your time if you want to keep your business running.
Starting a business brings discomfort. You are going to make loads of decisions you never had to make before, and dive into subjects you never even considered before. Part of being an entrepreneur involves stepping out of your comfort zone. Therefore, you have to be prepared at all times. You need to handle the uncomfortable situations with confidence and a certain degree of excitement, then you will find yourself much more at peace with what you do.