9 Founders Confess the Hardest Thing About Entrepreneurship
Have you ever had a brilliant idea that you have truly considered exploring? Starting a business is not as easy as one may think. Long nights, constant checking of cell phones and laptops for emails and always having a hard time balancing work with homelife. These nine successful entrepreneurs explain the hardest parts of being an entrepreneur. Take note: the struggle is real.
“The stress. I think I literally had gray hairs by the time I was 23, right along the temples which I’m told is because of stress. The stress of making payroll, the stress of finding new clients to grow the business, the stress of hiring key team members to help me and the stress of lots of money going out and only slowly trickling back in with the concern of whether or not it will come back in time to keep the company afloat. It was also very hard to run a business by myself. One of the first things I realized early on was I was going to need the dedication and support of my employees. I needed them to care as much about my business as if it was their own, and I needed them to buy into my dream and my mission. Figuring that out in itself was a stressful time.”
“It really just comes down to execution. Ideas are a dime a dozen. Those who execute really well tend to do better than others. I’m a big believer that execution is everything.”
“Entrepreneurship by definition means taking risks, and early on a lot of those risks will weigh on you alone. Defining and constantly reminding yourself of the reason that you’ve taken these risks can be exhausting, but ultimately it’s that mental fortitude that will enable you to succeed.”
“I’d have to say, balance. There’s always work to be done, ideas being cooked and needing polished, problems to solve, goals to be reached, and the list goes on and on. Eventually, you find your work and personal life melting into one pot and your calendar becomes your reminder that you need to eat and sleep. It’s exciting, but also exhausting. This is why delegation is so, so important. Once you step into the delegation waters, you will start seeing balance swim back into your life. That’s actually Zirtual’s motto: “Work. Life. Balanced.”
“Dealing with stress. With any other job, you can go home at night and know that, in most cases, the company you work for is somebody else’s problem. In the case of the entrepreneur, you go home and think about your product, the bills, your employee’s prosperity…etc. It never leaves you, it just occasionally moves from the front to the back of your mind.
But here’s the deal – we are not victims of stress, we generate it. It’s because we always want to be better and are never ok with status quo. In this case, stress keeps us going, keeps us innovating and keeps us caring. You just have to learn how to wield it correctly and turn it into drive.”
“For services companies, the first challenge is sales. Nothing happens until someone sells something. Next, it’s keeping the sales coming in while delivering on the promises to your first customer. If you can get to a point of stability with sales and delivery, the subsequent challenges are recruiting, management and process development.
For me at this point, it’s time. I could literally work continuously for months if I don’t stop myself. I know all the little benefits of all the little actions and how to measure it all, so it’s hard not to get compulsive and just keep going non-stop.”
“The hardest part of being an entrepreneur is also the best part: I get to create the road I drive along. Only, that means that I must always be planning and projecting and working towards goals that I set out for myself. Employees, by comparison, simply are paid to do the job their boss tells them to do. My boss ends up being the community I serve, and so it’s a bit more open ended.”
“The battering your confidence takes as a result of failing. It’s a lot of fun when everything is going well, but it’s not so much fun when you fail. Confidence impacts every aspect of your life.
I also miss the social aspect of work. I work at home by myself most of the time and I’ve never met my staff or my co-founder. If you aren’t naturally outgoing you get bad habits working for yourself. I’ve started part time coworking and I’m going to travel more in 2014. Gaining the freedom to be able to do this is the best part.”
“I guess ‘the loneliness’ would be the cliche answer for most people. To be honest, I’m so thankful for being an entrepreneur that I struggle to come up with a better answer for this question. But at the end of the day, the buck stops with me, and while I generally find it invigorating, it can also be lonely at times.
These awesome entrepreneurs have not had it easy in becoming successful. They worked long and hard to establish themselves. They were lucky enough to make the right decisions at the right times and have see their companies grow because of it. They stop at nothing to achieve their dreams and find ways to weave in their successes to help others proper as well.
Do you think it would be difficult to be a successful entrepreneur? Let us know in the comments section below!