Self-proclaimed “Gurus” on YouTube will always tell you there is only one way to become a successful entrepreneur.
That way is nine times out of ten, to buy their course.
With a tagline like, “For only $343.23 you can start making 6-six figures every week. Again, FOR ONLY $343.23 YOU CAN BE MAKING SIX FIGURES A WEEK. Make the “Four-Hour workweek a reality today!”
There is no secret cheat code for success. That’s what makes entrepreneurship so appealing. It’s self-fulfilling!
What Makes Being an Entrepreneur so Difficult?
- It requires work and a LOT of it.
- Building a business takes time!
- Oh don’t forget the cost of starting and maintaining a company
- There are legal requirements as well
- Sourcing manufacturing if it is a physical good
- Not to mention the mental toll the lifestyle can take on a person
- and…. you get the point!
As you can tell, there is much more going on behind-the-scenes than most anticipate. You don’t just have an idea and then you’re the next Uber!
Being an Entrepreneur is a LOT of Work
Gah! The nerve, saying I have to work!
I know I know. No one wants to think of working.
But just like your marriage counselor says you need to work on your communication. You need to work on things you care about.
Now touchy subjects aside. Work. And how much work exactly does one have to put into their business?
Well, that changes from venture to venture, but from the mouth of my favorite entrepreneur on Earth Elon Musk, “I think it’s very difficult to start companies, it’s quite painful. A friend of mine has a good phrase for doing a startup: it’s like eating glass and staring into the abyss. If you are wired to do it, then only do it, not otherwise. So think of it this way – if you need inspiring words, DON’T DO IT!”
As you can see even one of the most successful men on Earth. Actively speaks against becoming an entrepreneur. If you aren’t hard-wired to do as he is.
That’s a huge part of it. There has to be some deep-rooted genetic coding in entrepreneurs that drives us against the grain. Entrepreneurship is seen as some grandiose perfect gig. It isn’t, at least for a long time.
Speaking of time: The Time Investment Is Wild
Another Timeless example of the will needed to pursue being an entrepreneur, is again, from the notorious Elon Musk. Who famously worked 120 hour work weeks!
Now I know you remember my initial comments about the “4-hour workweek”, it’s incredibly unrealistic.
Even the author Tim Ferriss works about 60 hours a week!
Now all of this is not me trying to say, “you can only be something if you have no life and invest all your time into something.”. QUALITY of time is just as if not more important.
One can say they work 100 hours a week. However, if that work consists of staring at a screen waiting for something to happen. No real work is being done. The time you invest, REALLY invest is monumental in creating actual value.
The Logistics Side of it All
I do not feel qualified to give financial advice or legal advice at this moment. When I do I will be updating this section.
For now, here is a list of 37 Must-Read Articles for Aspiring Entrepreneurs!
My Last Post: Seven Reasons YOU Should Become a Freelancer!