I meet a lot of people who always congratulate me for taking the big step of moving into entrepreneurship and being my own boss, and many a times they also envy saying how I have earned my freedom to work at my own assigned working hours. I am very glad that I made this decision of moving into doing something of my own, which not only gives me freedom to chose my own working hours but also the free to choose what I want to do.
While all this may look very appealing, but it comes with its own challenges, with most people don’t realise. I am still to achieve a lot in my entrepreneurial journey, however whatever I have learnt from past almost 3 years of journey, post working in corporates for over a decade, I would like to share that here.
Most people get fascinated by the success they see of the business owners and their stories of how they reached where they reached. What they miss to see are the challenges and the hardship they have gone through in the journey of reaching there. When you read stories about the success of people, it all seems pretty doable, however when you really have to do that, it’s really not that easy as it might seem.
I always believe that if you really want to be successful in what you have started, you actually need to be a psychopath in your work, I don’t mean that you start killing people, but you need to be as focused as a psychopath towards your work. Few major changes and challenges that you will go through in the journey of being an Entrepreneur would be as below:
When you decide to move into your own role, just remember that you are leaving a 9-5 job and your boss to get into 24X7 job, where you literally will have no specific working hours to work on. There will be no Saturday or Sunday off. You will not have an option to say that it’s 6:00pm, my time to log off.
Smart working vs Hard working
When you are an entrepreneur, hard working is not an option for you, as you have to work smart and at a much faster pace. In your own business you don’t have the leverage of working hard 80% of the time to achieve the productivity equivalent to 20% returns. When you are a business owner, you are like a parent who has to raise his child well. With your kids, you won’t say that I am trying my best, now if he is not getting admission in a good school, what should I do? Instead you will ensure by any means your child gets the best education and at the right time. Same goes in the business, keep asking your self, am I productive or just busy?
It’s a lifestyle
When you start your own work and you are passionate about it, you tend to spend a lot of time turning your dream into reality, forgetting everything else that you generally use to do, during your normal day to day job. Getting into entrepreneurship, is like changing your entire lifestyle, so you need to ensure, that you maintain the right balance in your dream and the life in hand. You must eat well, sleep well and above all exercise well.
I am still trying to strike the right balance in the above all, because i have after almost 3 years I have understood that these three things are if not everything than some of the most important areas that every entrepreneur or aspiring entrepreneurs must start working on.
About the Author
Dr. Manan is the founder of #GlocalizedHR and a 360º HR Setup and Transformation services company Fortune Architect. He is a scholar of Human Resources and works closely with companies design their data-driven talent acquisition strategies that drive effectiveness, growth, and competitive advantage. He also speaks, writes and chairs conferences on HR Development and management.
Follow his articles : https://glocalizedhr.wordpress.com