Entrepreneurship – the golden journey of champions. It’s the path taken by many, yet won by very few. To become an entrepreneur, you have to prepare for a life of challenges, problems, unprecedented situations, high-octane deals, and traditional paradigm shifts. Such life can be too much for many people. Even if many research materials have been written about entrepreneurship, the information can be useless if you don’t know how to sacrifice.
Discover some of the key sacrifices that you need to make to enter the life of an entrepreneur.
No More Spontaneous Partying
One of the reasons why many people fail entrepreneurship is because they can’t give up a life of partying. This is a normal thing, since entrepreneurs are a rare breed. As an entrepreneur, you almost cannot afford to lead a life of spontaneous partying. Everything must run according to schedule. Just imagine: if you drink too much in weekend nights, you’ll be less productive for the next day. That can translate to significant loss of profits and deals. Do that continuously and you’ll run your business to the ground.
24/7 Availability? Not a Joke!
Time is more than gold for an entrepreneur – it’s platinum. There should be no half-measures when it comes to proper time management. Many ‘entrepreneur wannabes’ flinched upon realizing that they need to put in more hours when compared to the 9-5 cycle. This is the harsh, stone cold truth. If you cannot invest more than 10 hours per day on your business, you’ll fail as an entrepreneur.
Forget Unnecessary Luxuries
While the image of an entrepreneur in corporate attire driving a sports car seems very tempting, that shouldn’t be your focus. Entrepreneurship is not all about riches, material possessions, and luxuries. Those things will come as by-products of your efforts. If you focus on those, you’ll develop wrong values and your business is as good as dead.
Stay Out of Human Drama
Another culprit that stops people dead on their tracks from becoming an entrepreneur is recurring human drama. Even if you deny it, you have the tendency to be involved in human drama, especially if your friends and relatives are involved. Steel yourself! An entrepreneur knows how to control his emotions and he won’t get involved in stuff that’s not connected to his goals. Once you can let go of human drama, the initial doors towards entrepreneurship will be opened for you.
Entrepreneurship is never easy – never was, never will be. So, master your resolve, learn to sacrifice, and aim for your goals.