To be an entrepreneur is not easy nor for everyone.
To be successful, it frequently takes years of hard labour, long hours, and no acknowledgment. Many entrepreneurs give up or fail for a variety of reasons, including a lack of funds.
You won’t be successful all of the time. You may not succeed in your first four startup businesses. However, the fifth time might be the charm.
If you’re afraid of many failures with no assurance of success, you’re probably not made out to be an entrepreneur.
This blog will show you what not to do if you are looking to start your own business. Here are 6 signs why you shouldn’t be an entrepreneur
You would rather stay in your comfort zone
To be an entrepreneur requires you to do a bit of everything, every single day is different from the one before.
You could spend a whole day taking sales calls or taking interviews. The next day designing and developing your product.
Whether you are an introvert or extrovert, if you prefer working alone or with other people, you need to learn how to be uncomfortable and do things that you wouldn’t necessarily feel comfortable with.
To become a successful entrepreneur, you will need to take risks.
You are looking for quick money
Being an entrepreneur is a commitment, there is not a slower way of making money.
Some of the most famous entrepreneurs didn’t make profit for years when they initially started.
Most entrepreneurs spend over 6 hours a day in their own business while still working a full-time job. So, you’d also have to abdicate a lot of your free time.
You should start your business with the assumption that you’ll be working on it in 7 years’ time.
The future can’t be predicted. It won’t work to use your company as a quick ‘get rich plan’.
You tend to procrastinate
Procrastination generally entails putting off a less pleasurable but perhaps more crucial duty in favour of something more pleasurable or easy.
As an entrepreneur, having time management skills is essential. As mentioned, you will probably have your full time job while still attempting to grow your own business.
People spend little over a minute on a job on average before being distracted.
Even more shocking, getting back on track with their job after an interruption might take more than 20 minutes.
Even worse are the facts on the negative consequences of multitasking on the brain.
You don’t think of solutions for everyday problems
Looking at your daily routine, you should be able to think of at least 2 or 3 products that would make your life a lot easier. If you can’t even think of one thing to improve your life, then it is unlikely for you to improve others.
Being an entrepreneur entails devising innovative solutions to issues and releasing something new into the public.
The majority of company founders developed their concepts after working in their respective sectors for a period of time and witnessing these challenges first-hand.
While only around 10% invented something they wanted to add to this world.
If you are not able to do, you won’t make it as an entrepreneur.
In conclusion, here you can find what you shouldn’t be doing or what you should change about yourself before considering becoming an entrepreneur. At EC, we provide you with help and support, from free resources, to pitch competitions and founders/investors lunch to grow your startup. Don’t let this 4 signs stop you from starting your own business, as with determination anyone can become a successful entrepreneur.