In many ways the current beliefs and thinking around entrepreneurship seem amazing compared to previous generations. It’s no longer uncommon for someone to walk away from employment opportunities, no matter how great, in order to start their own business.
Although they may be confident in their decision to forge his or her own, uncharted path to successful business ownership, prosperity is not guaranteed. The risks, roadblocks, and psychological challenges involved are enough to deter even the most confident entrepreneur with the best product offering.
“When you read the definition of entrepreneurship, you find lots of references for taking risk, risk of loss, greater than normal risk, and so on. I fundamentally disagree. Being an entrepreneur reduces risk. You are not employed or paid at the whim of a boss. You control your destiny, your upside, your opportunities, your time and your career.”
Sounds great, right? Maybe not. That amount of control comes with severe pressure. “Being an entrepreneur is primarily hard because it is on you,” Lackey says. “Success is on you. Results are on you. Making the call, doing the things you don’t like to do, on you.”
Whether you believe entrepreneurship is taking risk or reducing risk, it’s clear it’s both important and hard. Here’s why, even though it’s hard, you should do it anyway: