These days almost everyone wants to be an entrepreneur. It is obvious with the way people open little or small and medium businesses here and there. Social media is now full of aspiring CEOs who are advertising or marketing their goods and services on every corner of social media. On the streets as well we see people opening up different businesses.
Enterprise is no small achievement and anyone who has been able to do that success should be applauded. If you are wondering why everyone is running into entrepreneurship The reason is not far-fetched It is because of all the benefits that come with it. For instance, as an entrepreneur, you own your schedule. No one tells you what to do. You do things yourself and depending on how large your venture is, you might even have employees who work for you and do as you instruct them to do. These are just a few of the advantages of being an entrepreneur and I'm sure you can see how enticing and appealing this sound.
The flip side though is that being an entrepreneur comes with a whole lot of work and this is what many people feel seen.
This article focuses on the difficult part of entrepreneurship that no one likes to talk about. Let's look at all the parts of entrepreneurship that are not seen before onlookers.
The difficult part of entrepreneurship
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Long hours: Ironically, the first thing people mentioned about the advantages of entrepreneurship or the benefits of it is that you create your schedule or have time to yourself. People often fail to mention that as an entrepreneur you have to put in long hours. This is because it is your business your employees or staff cannot run it the way you would want to run it. No wonder CEOs of big establishments are highly ever seen at home as putting in long hours would take them away from family and friends and even eat at the time for leisure or recreation. Manage stress using these tips
https://www.mayoclinichealthsystem.org/hometown-health/speaking-of-health/5-tips-to-manage-stress
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Series of failures: No one is perfect. But your imperfection hurts the most and is most pronounced when you go into entrepreneurship. With entrepreneurship, it is trial and error most of the time. This is because you are wading through new territory and would find it bumpy with lots of potholes.
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Self-doubt: with the series of failures, self-doubt is sure to rear its head. At some point, you might find yourself questioning your abilities and competence because you think you should be doing better
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Money problems: Funding is a major problem of entrepreneurship. The majority of entrepreneurs are broke at the start of their businesses. At that time, money comes in slowly but goes out quickly and you would be constantly wondering if you would ever have enough money to keep your business running. This is also a very delicate time for your business as misuse or improper use of funds can lead to bankruptcy which would ultimately lead to the closure of your business. Here are a couple of ideas on how to generate funds for your business. https://smartsmssolutions.com/blog/118-sms-marketing/small-business/1722-how-to-raise-funds-to-start-my-business
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Loneliness: As you have probably heard, 'it gets lonely at the top. As you climb through the rings of success, your circle gets smaller and smaller. True you get to network with people in your niche and build other relationships, but it cannot be compared to the people whom you used to have time to socialize with. The friends you make as an entrepreneur are not your friends, they are more of your business acquaintances. Sometimes it could get overwhelming and you would not have a shoulder to lean on even when you do, your friends might no longer understand your worries and concerns as much as they used to before you became an entrepreneur.
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Naivety/Inexperience: The newness of the oath you are on would sometimes be overwhelming and most times be the reason why you make costly mistakes. But there is little or nothing that you can do about it. It comes with the territory. Learn about some mistakes that are common with startups and how to avoid them. https://smartsmssolutions.com/blog/118-sms-marketing/small-business/1726-most-common-mistakes-of-failed-startups-you-need-to-avoid
This article has highlighted six major difficulties associated with entrepreneurship. The aim is not to discourage aspiring entrepreneurs, it's more of an eye-opener so that you know what to expect when you begin your entrepreneurship journey. The good thing is that it gets easier with time.
SmartSMSSolutions can be of great help to you in your journey as an entrepreneur. Smart SMS blog is packed with amazing content to grow your business. SmartSMSSolutions also offers great bulk SMS services at unbeatable prices. Visit our website to create a free bulk SMS account with us.