On the surface, the life of the independent entrepreneur appears very glamorous. After all, they become their own boss and do what they want. Working on a PC is fun and your whole life is carefree and easy.
But it’s an illusion. The reality of entrepreneurship is very different.
Entrepreneurs face challenges and obstacles every day that would make the week crumble. In fact, many of the difficulties that entrepreneurs face that they do not even talk about.
Challenges of Being Self-Employed
As a result, most people do not know them. This only serves to perpetuate the image that the majority of the public believes. In an effort to share the truth, here are 5 difficulties that entrepreneurs do not talk about.
1. Extremely hard work
One of the difficulties that entrepreneurs do not talk about is how hard they work to get there. Long days can last from 12 hours to 20 hours depending on workflow, volumes and other influences. Sometimes they even work all night just to keep their heads out of the water.
As you can guess, this can leave contractors exhausted and worn out. If they were not healthy before starting their own business, some might even succumb to diseases.
2. Close Finance
In addition to hard work, stress and long hours of work, there are also tight finances. This is another of the difficulties that entrepreneurs do not talk about.
After completing the work for a client and sending an invoice, they must wait for payment. It is not unusual for this delay to be at least two weeks and possibly longer. Of course, there are customers who stiffen them and never pay at all.
But most entrepreneurs do not tell you that. Instead, they smile and support everything, often working much harder to do enough to keep their bills paid. Some end up getting ahead and even making very good income, but not without a lot of sacrifices.
3. Little free time
Another of the difficulties that entrepreneurs do not talk about is having very little free time. This can create a lot of stress for them and their families. Often partners or spouses need to work harder to fill the gaps.
Some family gatherings, birthdays, or sporting events are missed when schedules are in conflict. Children and spouses may feel ignored, overlooked and unimportant.
4. Lack of knowledge
Few entrepreneurs possess a lack of knowledge. However, this may be another of the difficulties that entrepreneurs do not talk about but that they should avoid.
They may lack the skills to create their own website or do their own marketing. Although an immediate solution would be to hire someone to help some of them do not have the funds to do it.
The alternative for those with tight finances is to learn them themselves. Unfortunately, this can be a contributing factor to the long working hours of entrepreneurs.
5. Fear of failure
The fear of failure is a difficulty that entrepreneurs do not often talk about. Stress, lack of sleep and other factors can make these fears worse and make them look bigger.
If their fears go beyond them, they may want to throw in the towel and give up. If they have a good support system, however, they can overcome these feelings of self-doubt.
Although being an entrepreneur seems like a fun and easy job, it’s not all about the sun and the rainbows. There are many difficulties that entrepreneurs do not talk about often.
Reissued with permission. Original here.
Image from Due.com
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