Skip to content

Facebook Twitter Instagram Linkedin Map-marker-alt

Home
Services
What Works Blog

Menu

Home
Services
What Works Blog

Not So Fast! Why Entrepreneurship Might Not Be For You

December 21, 2021

Igor Dutine saying Not So Fast

In this follow-up to the last post, we examine why the world of entrepreneurship might not be for everyone so proceed with caution.

Share This Post

In the last post, my daughter’s friend said she and her sister wanted to be entrepreneurs when they got out of high school, and we examined why this is appealing right now. However, the last two years have not been kind to small business. Current regulatory climates, myths and stereotypes may bring a small correction to the glamour of this life which you should be aware of.

In an article from TechRepublic entitled “5 Signs You Aren’t Ready to Be An Entrepreneur”, author Conner Forrest quotes three different experts who all make great points about why this game is not for everyone. The first reason entrepreneurs don’t make it out of the gate, and its huge, is the lack of a good support system. Family, friends, mentors, industry colleagues and more offer guidance as more than just cheerleaders or should. They don’t’ have to be experts but you have to give them the ability to tell you “no” for your own protection. My family doesn’t all understand what I do for a living at JKL Works but my wife is 100% on board and has taken the effort to learn. I am blessed as are other entrepreneurs with similar support.

The second caution is similar from the article wondering if you have a “paycheck dependency”? That is, can you go without a paycheck for several months? Do you need health insurance for one reason or another? This is not a lock as there are compelling work-arounds, but you should carefully consider this before moving on to the other items which are more business-minded.

Are you willing to learn new things? This is a prerequisite as you will find you have to learn all aspects of a business in some form, not just the lane you’re good at. Likewise, have you gained enough “business sense” to do this? You don’t have to be an expert in all other fields and aspects of your business but a good working knowledge of everything is a must. Often in my own experience this is why people fail at startups or entrepreneurship.

We skipped point four in the article but it deserves its own section. You might not be an entrepreneur, as the article goes, if you have fallen victim to the “entrepreneurial myth” that you are in business for yourself only. Being an entrepreneur is a lot like being the captain of a ship [my take not the article’s] as you didn’t build the ship but you have the knowledge to run it. You are not the only person on board and could not run it if you were so you need a team to help you which you must be prepared to coach. That said though you have the freedom to go anywhere and do [somewhat] anything.

The article is a good read, and the site it comes from is great especially if you have an eye toward technology. But to the point here, entrepreneurship is not for everyone or the faint of heart. But if it is the right time and place and no amount of discouraging can change you, then it’s time to go for it.

Subscribe To Our Newsletter

Get updates and learn from the best

Email

PrevPreviousMight You Be An Entrepreneur?

NextKickoff With A Free VideoNext

More Of What Works

Marketing & Sales

Success On Pinterest?

Is Pinterest a good investment for your business advertising? Let’s explore why it could be.

jklworks September 12, 2022

Marketing & Sales

LinkedIn Success: Where Business Connects

This time we explore the major benefits and lessons of the LinkedIn platform and how it works well for your business or organization

jklworks September 8, 2022

Ready to Get Started?

Schedule a 20-Minute Discovery Call Today

What about now to take imperfect action? let’s take about 20 minutes to get to know each other to see if there is a fit. You will know at the end of the call if you want to continue. If you have a list of former or current customers we can show you results for free using our Customer Discovery Method and a few days’ time.

Let's Get Started

More sales, a better quality customer, and better sales through good customer service is what we're all about.

Get In Touch

Book a 20minute Discovery Call
(713) 588-5498
sales@jklworks.com

Services
What Works Blog
Get Started
Terms of Use

Menu

Services
What Works Blog
Get Started
Terms of Use

Tell Us How We're Doing

Use Vouchfor to tell us how we're doing

Get Started (3 Minutes)

Need Help To Maximize Your Business?

Reach out to us today and get a complimentary business review and consultation.

Name

Email

Terms and Conditions