5 Reasons You Shouldn’t Be An Entrepreneur ~ Welcome to Obinna Onyenali's Blog Welcome to Obinna Onyenali's Blog: 5 Reasons You Shouldn’t Be An Entrepreneur

Tuesday, October 27, 2015

5 Reasons You Shouldn’t Be An Entrepreneur



Everybody craves for financial independence and the fast-lane to attaining this is by becoming an entrepreneur. Being your own boss provides more than just personal freedom, it provides a bright financial future. There are a lot of reasons one should become an entrepreneur but the reality is, not everybody can cope with the inherent demands. It will not be prudent to quit your day job if you are not cut out for the "entrepreneurial world".

According to Robert Kiyosaki, here are top five reasons why you shouldn’t be an entrepreneur:

  1. You don’t have thick skin. It seems that as soon as you announce you are starting a business everyone is an expert in starting a business. Not everyone will love your idea or product and they won’t be afraid to tell you. I’m not saying you shouldn’t listen to criticism but you have to be able to take the punches and not take everything personally.
  2. You don’t like being “connected.” As an entrepreneur, there really isn’t such a thing as “disconnecting” from the world, not in the beginning anyway. You’ll be living and breathing your new business because you’re trying to get everyone to know about your business. You’ll be constantly thinking about how to improve things, reduce costs and sell more. There is no such thing as a 9-5 work schedule when you’re an entrepreneur.
  3. You need to be praised for your efforts. If you’re an employee, you’re probably used to getting constant feedback about your performance, task completion and project completion. A lot of employees are even used to their boss telling them how great they are – even if they know they aren’t. This is not the case for an entrepreneur. You won’t hear any of that unless you tell yourself. Your praise comes in the form of making money. And it’s going to be a while before you really get the praise you’re looking for.
  4. You need someone to give you motivation. Similar to needing praise, if you need external motivation, you shouldn’t be an entrepreneur either. When you wake up in the morning as an entrepreneur, there isn’t someone standing in your kitchen ready to give you that day’s tasks. It’s all on you.
  5. You’re only comfortable wearing one hat. There are people I know that are only comfortable being an accountant, or writer, or event planner, These people are only comfortable doing one thing and should never be an entrepreneur. As an entrepreneur, especially a solopreneur, you are often putting on different hats, making a multitude of decisions and you need to be confident in doing so.
If you’re looking to start your own business, to jump out and follow your dreams, you must understand that your success depends on you. You’ll be faced with a lot of adversity and obstacles. How you face each challenge will determine whether you can push through.

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