Business Tips: Breaking the 3 Myths of Entrepreneurship

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The entrepreneurial world has always been about challenging the status quo and questioning conventional wisdom in search of new and better ways of doing things. After all, if you’re just going to follow the pack and do what everyone else is doing, you may as well just go out and get a job working for someone else. Today, however, there's a pervasive and nearly deafening mantra insisting that each and every one of you should quit your job and become an entrepreneur. The social collective says that every day you wait brings you closer to a life of poverty and regret.
But that’s simply not true. The idea that you can’t have a fulfilling career and be remarkably happy, and even get rich working for someone else is perhaps the most ridiculous, insincere, and irresponsible myth that has ever been heard.
Don’t get me wrong: Entrepreneurship can be incredibly rewarding. Starting your own business may be the best decision you ever make but it’s not for everyone. There’s a lot to consider before you take the plunge, starting with a few myths that are very much in need of exposure.

Myth 1: Follow your passion or a cause, not the money.
This is another myth born of oversimplification. Some people discover what they love to do, make a living at it, and find fulfilment. Others do what they’re good at and achieve financial success, and that frees them to pursue their passion. Still others pursue a passion or a cause with no market, go broke, and wind up having to do work they don’t enjoy to make ends meet.
While you’ll probably have a better chance of being happy and successful if you enjoy what you do for a living, there are lots of other factors that determine whether you can pull it off. Passion alone won’t pay the bills. Passion and money are both important. You shouldn’t choose one or the other.

Myth 2: Entrepreneurship is more fulfilling and will make you happier.
Just about everyone enjoys doing great work they can be proud of. And you can do that working for a big company, a small company, or your own company. Fulfilment has absolutely nothing to do with business ownership. If you want to manage, lead, or run a business, you’re better off learning the ropes in a good company before starting your own.
And the last time I checked, the question of what makes a person happy is pretty subjective. Most people are actually happier without the headaches, risks, burdens, hurdles, and uncertainty of having their own company. A lot of people worry too much about what the popular crowd says they should be doing. I think that’s what’s making everyone feel guilty and less happy ... but it shouldn’t.

Myth 3: Entrepreneurs have more freedom, less stress, and no bosses.
If you run your own business, there’s a good chance you work 24/7 and wear all sorts of hats you’re not necessarily comfortable with. Work often becomes your life, and the financial burden can be enormous. There’s nothing wrong with that, but not everyone feels more freedom and control and less stress that way. Many have the opposite response.

Don’t buy into popular myths. What you do with your career is your own business. Do what’s right for you, when it’s right for you. Follow your own path. Everything will work out fine..

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