The Everyday Life of an Entrepreneur - 3 Common Misconceptions

It should be noted at the outset that when thinking about entrepreneurship and entrepreneurs, the following are generalizations that have given rise to very general patterns of thought over time.

Unfortunately, these are true in some cases, but those cases are still quite rare.

1. “Entrepreneurship is a twist from dawn to dusk”

Perhaps the biggest myth is that an entrepreneur works from sunrise to late at night. Of course, there are these cases as well.

Sometimes out of compulsion, sometimes out of sheer enthusiasm, and sometimes for other reasons detrimental to health. However, most do not work this way.

The early stages of entrepreneurship often involve long days, but that too is not always the most effective or best way to act. Good planning and asking for or using help will help a lot at this point.

It must also be remembered that in the slightly longer term, burning a candle from both ends just doesn’t work.

It’s more effective to try to work at a good heart rate for, say, eight hours and then rest, move, outdoors, eat, and otherwise take care of yourself rather than throw 14-hour days months into the tube.

This is what we can say from experience.

2. “Entrepreneurship is the exploitation of workers”

Of course, that is certainly being done, but how common is it really? We would say that it is really rare in Finland, where, however, employees are protected by many laws and collective agreements.

The general view for this is certainly that when a company begins to succeed (often after years of work) and the entrepreneur begins to earn clearly more than before, employee wages do not rise at the same rate.

Here I am on the side of the entrepreneur, for he often took a risk in setting up a company using its own or borrowed money. The risk must come in handy.

I must also say that anyone who is not happy with this activity is free to take the same risk with starting a business.

3. “An entrepreneur is always a money-hungry being”

One of the most common ideas is that entrepreneurs are greedy for money. Maybe true, but probably not. However, entrepreneurship requires an interest in money and how it works.

Without money, the company does not run and bills cannot be paid. The entrepreneur is under much stronger pressure to take care of finances than the employees.

I think most entrepreneurs are more generous than normal. In the early stages, however, most experience the stress of not having enough money. From the outside, it can also seem greedy.

Statistically, the company’s most painful growth phase is the first three years. That is when the money struggle is struggling and it is likely that the euro will have to stretch longer than normal.

However, it is not a question of greed but of survival.

FAQ

What are the most widely recognized advantages and disadvantages of a business venture? 

Upsides and downsides of Being an Entrepreneur 

• Control Your Own Destiny. Turning into a business person implies assuming responsibility for your own fate. ... 
• You Get to Do What You Love. ... 
• Expand Your Contribution. ... 
• Driving Others. ... 
• There's Nothing You'll Want To Do More. ... 
• You're Responsible For Your Own Destiny. ... 
• Absence of a Road Map. ... 
• It Won't Be Easy 

Read what are the benefits of Entrepreneurship Here

What are the battles of being a business visionary? 

The Dilemma of Being an Entrepreneur: Five Common Struggles 

1. Inspiration loss of motion, which is an extravagant method of saying you don't know what to do straightaway. Business people consistently need to be pushing ahead, however, that can be troublesome on the off chance that you don't have a clue what to do straightaway. ... 
2. Being ground up. ... 
3. Absence of money. ... 
4. C-level pressure. ... 
5. Why meddle with good things? 

What do female entrepreneurs need? 

On paper, things have never searched better for female business visionaries. 

• Resisting social desires. ... 
• Getting to subsidizing. ... 
• Attempting to be paid attention to. ... 
• Claiming your achievements. ... 
• Building an encouraging group of people. ... 
• Adjusting business and family life. ... 
• Adapting to dread of disappointment. 

What is the principal reason business fall flat? 

Business people fizzle since they're frequently self-hallucinating and ravenous accepting that they're simply a deal away from reforming an industry and getting incredibly wealthy. Business people regularly fall flat since they're not housebroken on the grounds that they express their real thoughts regardless of how unseemly or untimely the circumstance might be.