Why do I want to be an entrepreneur? I will try to outline the costs and benefits of being such and then will decide which is greater for me.
Usually people who decide to be such tend to spend a lot of time on their start up, sometimes up to 16-18 hours a day. They don’t have set working hours; they have to work almost all the time they (physically) can in order to get the business up and running. The first few clients are the hardest to find – your company is new on the market, no one knows you, there are no previous customers who can give review of your product. And on top of that, statistics show that more than 90% of startups fail.
If you work hard enough and get everything right and the business is successful, the reward is great. And it is not about the money. It is about the fact that you developed entire business out of nothing, which now brings value to the society. The fact that you achieved your dream.
You have to have a certain type of personality to like being an entrepreneur. This kind of people don’t like fitting into the standards and always try to do things better. They don’t mind spending all their free time working on their project, just to bring it to life. They receive great pleasure in just being able to work on and develop that project they always wanted to. I am that kind of person and that’s the reason why I want to become an entrepreneur.
I often think of different businesses that could be established to target a particular problem. Although I have many ideas about different businesses, I haven’t been captivated by a particular one in order to dive into developing it. Also I want to get some working experience first, in order to polish my business skills and get additional ideas. Nevertheless, at some point in time I will most probably start working on a startup.