Greg Flahive Shares 12 Benefits and Challenges of Being an Entrepreneur

All over the planet, people are breaking free from the standard employment model and selecting to realize business success as entrepreneurs. Will you be the next?

Greg Flahive starts by covering 12 of the foremost commonly-mentioned benefits of being an entrepreneur to inspire you on your journey:

1. you’ll choose your schedule.

2. you’re liberated to travel.

3. you’ll take sick days or vacation days whenever you wish them.

4. If there are necessary tasks you do not enjoy or have time for, you’ll be able to outsource them.

5. you’ll be able to select your employees.

6. Learning to be a much better boss also teaches you to be a stronger employee.

7. Your innovative ideas have an opportunity to shine unfettered.

8. you are doing not should wear an identical or follow a corporation code.

9. You enjoy better job security than the majority.

10. Entrepreneurship teaches you the advantages of labor.

11. you’ll always feed your curiosity by learning more about every aspect of your business.

12. Your ambition can always drive you to greater heights and business success.

As you’ll see, entrepreneurship is becoming popular because it comes with a full new lifestyle for people who are willing to seize it.

Of course, entrepreneurship isn’t all sunshine and freedom. in keeping with us Small Business Association, a 3rd of small businesses fail within the primary two years, and quite half fail within the primary five years.

Not surprisingly, the challenges of entrepreneurship represent the flip side of the benefits we discussed above:

1. Choosing your schedule may end up in wasted time without the correct time-management skills.

2. Even while traveling, it’s going to be necessary to handle work-related crises, because you’re always “on call.”

3. There aren’t any paid sick days or vacation days, so you need to decide what quantity daily off is worth to you.

4. you’re to blame for completing any tasks you cannot afford to outsource.

5. Hiring employees means you need to learn the way to conduct interviews, uphold workers’ legal rights, and coordinate payroll.

6. If you do not yet have the leadership capabilities to direct others, you’ll be taking a syllabus once you hire freelancers or employees.

7. you need to narrow all of your innovative ideas all the way down to those that have the foremost potential to assist you to achieve business success.

8. If you do not maintain a knowledgeable appearance face to face and online, it’s bound to reflect poorly on your company.

9. you’re accountable for funding your business, whether or not you’re operating at a loss.

10. Only results are profitable, not time clocked, so you may putting your all into it and still find yourself disappointed.

11. you want to be at home with each aspect of how your business operates, including those which can not interest you, to make sure everything is running smoothly.

12. Only you’ll motivate yourself to attain business success.

To sum it up, to Illustrate that with freedom comes responsibility. If you cannot handle one, you are not yet ready for the opposite.

Of course, I do not believe people should hand over their dreams. Just make sure to arm yourself with knowledge and understand what you’re getting yourself into.

My name is Greg Flahive and my goal is to assist you to unleash your inner entrepreneur. If you’re struggling to attain success in your small business, I can facilitate you via individual coaching. This service is provided via e-mail, Skype video conferencing, or telephone, also as nose to nose. As a successful entrepreneur myself, I understand many of the common issues that little business owners face and the way to beat them, so don’t hesitate to raise help.