The Secrets of Entrepreneurship

You may be jumping into the entrepreneur arena with some preconceived notions about what it means to work for yourself.  A much more flexible schedule?  Always doing work you enjoy?  Not quite.  We’ve busted some of the most common entrepreneurial myths below. 

1. You can always work on projects you enjoy.

Sure, you’re able to have some discretion as to the clients you take on, but owning your own venture means that you also have to deal with all of the responsibilities that come with it.  From marketing to billing to administrative duties, you’ll do it all.  This can be exciting for some and unappealing for others, but it is essential to the success of an entrepreneurial role.  So if the idea of taking on many roles excites you, entrepreneurship might be for you.

2. Your hours are more flexible.

Working for yourself means setting your own schedule (and having time for a nap every day), right?  Again, this isn’t always the case.  Some days you might be wrapping up at 3:00pm, and other days you could be up until midnight trying to meet a deadline.  A variable schedule comes with the territory, and often depends on your workload.  So enjoy those naps while you can.

3. Failure is not an option.

Failure is what helps us improve and learn.  There is always room for failure as an entrepreneur, and it can actually teach you some valuable business lessons.  Many people are paralyzed by the prospect of making mistakes, and never try anything new as a result.  Don’t let this fear keep you from pursuing something that you feel passionately about.  You never know what could come of it.

4. Entrepreneurship is easy.

Whoever said entrepreneurship is easy has never experienced the management of clients, completion of work, and securing of payment for themselves.  Working for yourself can be extremely rewarding, but it’s certainly not easy.  If you aren’t ready to put in extra effort to make your business succeed, it might be a good idea to reconsider being your own boss.

What are some common misconceptions about being an entrepreneur that you’ve heard?  Share them with us in the comments.