jumping without a parachute
I've recently been reading "Rich Dad's Before You Quit Your Job: Learn 10 Real Life Lessons Every Entrepreneur Should Know About Building a Multimillion Dollar Business" because the idea of career independence and succeeding in life based on my own motivations really intrigues me. The book breaks down the pros and cons to starting your own business, what resources you need to get your idea off the ground, and the type of education you need to weather the world of entrepreneurship. It's a rough, tough world out there and only the strong survive. I just want to make sure it's a world that I can take on...and, if so, is it worth it? So I've bought this book, amongst a few others with the similar basis, to help me get my head around this thought and the many other questions I have about starting my own business.
This book continues to harp on the idea that starting your own business means forgetting everything you've learned about being an employee - a lifestyle focused on security and a constant paycheck - and begin to learn a life full of risk and chance. This could very well mean living without a paycheck for the first 6 months to a year until your business is strong enough to afford you a salary. But my question is...who can realistically afford to do this? Does every entrepreneur live at home with their parents? Don't they have social lives? What kind of person takes on these unrealistic challenges? I have never been the type to shy away from a challenge...but if someone can tell me how I can possibly make this drastic career change without ending up on welfare, I'm all ears.
However, in the next breath, the book reads that becoming an entrepreneur is the only sure way of becoming financially independent and achieving wealth beyond my dreams. So after hearing this I think, yes - it must be worth it. Fortune must come with some risks in order to be completely appreciated, right? But the chances of actually achieving this success are extremely rare - everyone's heard the statistic that only two-thirds of new businesses survive the first two years, and only about half survive four years. yikes. There's the risk in black and white. So I feel that in order to face and challenge that nasty statistic I need to go into this new endeavor well-educated and with the guts of a warrior. And now that I've actually written these words for public viewing, I've tempted myself with the ultimate double-dare. No, no...a double-dog dare.
This book continues to harp on the idea that starting your own business means forgetting everything you've learned about being an employee - a lifestyle focused on security and a constant paycheck - and begin to learn a life full of risk and chance. This could very well mean living without a paycheck for the first 6 months to a year until your business is strong enough to afford you a salary. But my question is...who can realistically afford to do this? Does every entrepreneur live at home with their parents? Don't they have social lives? What kind of person takes on these unrealistic challenges? I have never been the type to shy away from a challenge...but if someone can tell me how I can possibly make this drastic career change without ending up on welfare, I'm all ears.
However, in the next breath, the book reads that becoming an entrepreneur is the only sure way of becoming financially independent and achieving wealth beyond my dreams. So after hearing this I think, yes - it must be worth it. Fortune must come with some risks in order to be completely appreciated, right? But the chances of actually achieving this success are extremely rare - everyone's heard the statistic that only two-thirds of new businesses survive the first two years, and only about half survive four years. yikes. There's the risk in black and white. So I feel that in order to face and challenge that nasty statistic I need to go into this new endeavor well-educated and with the guts of a warrior. And now that I've actually written these words for public viewing, I've tempted myself with the ultimate double-dare. No, no...a double-dog dare.
posted by GoodTimes at 12:38 PM
2 Comments:
Rock on sister friend! Sorry but the post warrranted the cliche. What kind of business will you be starting?
I have a few ideas, but nothing I'm set on just yet. Just doing some basic research right now... If I decide to make the "jump" it probably won't be until next fall when my husband and I are a little more financially ready. Thanks for the vote of confidence! :)
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