So, you want to be an entrepreneur…
Because you want control of your financial life and future. It makes sense. Being your own boss sounds ideal.
No one telling you what to do… Where to be… When to be there.
No more kissing up… or being under-appreciated.
No more being overworked and underpaid.
No more building someone else’s dream. You’re ready to start building your dream!
Well, I hate to tell you this…
BUT it’s important that you don’t fall into the trap of believing the myth that being an entrepreneur is an easy answer to escaping the 9-5.
That’s why I am going to address 3 MYTHS about being an entrepreneur and owning a home-based business. I’m bringing you the truth about entrepreneurship.
MYTH #1: Being An Entrepreneur Gives You More Freedom
When I ask my clients why they want to own a business, the majority of them mention freedom. This is one of the biggest misconceptions out there about being a business owner. Owning a business doesn’t give you freedom.
Actually, it does the opposite.
Yes, you will acquire more personal freedoms like setting your own schedule, no office politics, no dress code, and no more time wasted in a commute…
And this is a big but! One Sir Mix-A-Lot would have to agree with.
Owning a business takes a lot more responsibility than having a job. Running a business is not 9-5. It’s from when you wake up until you are done for the day…
…even if that means 10 PM.
The truth is, a business gives you options and can give you leverage. It can give the opportunity to create more income, which brings a new kind of freedom. It opens you up to options you could not afford before.
Freedom comes with increased prosperity.
When you get down to it… it’s likely you will work 10 times harder in your business than you ever would a job if it’s success is what you are seeking.
And that’s the truth!
MYTH #2 Being Your Own Boss Is Easy
I hear so many people say they want to be their own boss. They want to work from home. They want a home-based business. Most people have fanaticized and romanticized what it will be like.
They daydream about how they will quit their J.O.B. (Just Over Broke)
The truth is, most people go into entrepreneurial seizure when it comes to working from home. They don’t know what to do. They are so conditioned by being told what to do that they don’t know how to tell themselves what to do. There is a tendency to avoid and procrastinate. They end up having a non-profitable organization from the discomfort of their home.
Here’s what has to happen…
You have to be your own best employee! Ask yourself, would you pay YOU to do the activities you are doing? What would you pay yourself? Would you fire yourself?
To be your own boss, you have to create organizational systems. You have to schedule your time for the tasks of a business owner. That means prospecting, presenting, closing, accounting, social media, email, 3-way calls, team meetings…
I hope you are getting the picture.
Hanging out on Facebook and making a few posts and comments is NOT running a business.
Running your own home-based business takes responsibility… That’s your ability to respond… To take action.
Remember, you are not only running your business, but now you are your own accountant, marketer, tech support, and customer service.
Don’t forget about being the janitor too.
MYTH #3 You Have To Get Lucky
In business, you can absolutely catch a break.
You can be at the right place at the right time. Synchronicity can be at play.
You might slip and fall into a big fish that joins your team.
BUT the truth is… entrepreneurship takes skills, habits, and the mindset to create success.
Success is a process, but it is mostly about what you do daily.
Your habits will make or break you!
In life, we typically operate from pleasure or pain.
That which you perceive to be painful you will resist. What you perceive to be pleasurable, you will do. So if you are going to own a business, you cannot avoid producing. If you don’t close sales, you don’t have a business. PERIOD.
Being an entrepreneur takes effort. It’s not the image Facebook posts present of people hanging out at Starbucks and laying on a beach with their computer.
It takes structure, organization, persistence, production, and inspired daily motivation.
What It Really Takes To Be An Entrepreneur
So what does it really take to be an entrepreneur?
Heart means you are willing to do whatever it takes to be successful. You are willing to produce until you have completed what’s required of you for the day. There’s no 5 o’clock quitting bell.
AND you are willing to get up the next day and do it all over again… because you have pride in yourself and your efforts for a job well done.
You understand the value of time and you know that you don’t get paid for time anymore… you get paid for your value.
When you own a business, you understand that your law of attraction is dependent on your continual self-improvement and personal growth.
You are committed to learning and developing the skills, habits, and mindset to be successful.
The important word there was COMMITTED!
When you are committed, that means you have decided. Your decision is what sets you apart from all the want-to-be success seekers.
The 9-5 isn’t for you.