It's generally not often talked about, but entrepreneurship is
thus considered as incredibly lonely. How is an entrepreneur supposed to deal
with this?
The purpose of this article is to make the reader aware of the 5
psychological burdens which every entrepreneur faces .
Entrepreneurship is however frequently portrayed as an exciting,
amusing or also even lavish (especially after a company has thus become
successful), but the truth is that , there’s thus a dark side to
entrepreneurship that however isn’t frequently publicized.
Most of the entrepreneurs in the public eye are considered
as ones who have thus become very successful, while the majority of the
business owners however endure a silent struggle -- whether they’re
thus making a consistent profit or not.
It’s thus rewarding in order to start and then manage
one’s own business even if one fails , but before one takes
the plunge, he must be ready for these kind of psychological
burdens that the entrepreneurs have to bear:
1. Accountability
Everything that however goes wrong is going to be the
entrepreneurs fault -- or thus at least, that’s however it is going
to seem. As the leader of the organization, the entrepreneur is only
the one who is however making the final call on most of the
decisions, and the entrepreneur is the one who will however be most
affected (whether positively or negatively) by those kind of decisions’
outcomes. Making too many decisions can however increase the levels of
stress, and increased stress can however lead to poor decision making, so one
may get however end up being caught in a relentless cycle of stress
and the decisions.
2. Financial stress and uncertainty
There’s however no such thing as a “typical” startup; some
of these businesses are however able to get off the ground with thus
almost no investment, while the others end up spending
millions of rupees before they end up being live.
On the top of that, one will probably be required to quit
his day job in order to commit full-time to his new business, and it’s
thus unlikely that one would however generate revenue right away. One would
need in order to survive at least a few months without any income. And one will
also have to do this based on a business plan one is only marginally confident
will however eventually yield produce a steady stream of revenue.
3. Reluctance to trust
No entrepreneur can build a business alone, but even if one
surrounds himself with the best employees one can find, one might thus
find it hard in order to trust them in order to take care of your
baby. Still, one is thus going to have to if one wants the business to grow.
One would also need to delegate tasks, entrust the entire
departments to the other people and also depend on the partners and
vendors in order to have a back. On top of that, one will also need
to listen to the advice of the mentors and the other entrepreneurs if one
wants a fuller perspective on the issues one will face -- and those
people won't however always end up going to tell one as to
what one wants to hear.
4. Work-life balance
When one takes on the role of an entrepreneur, everything
else thus results in taking a back seat. One would also be
passionate and genuinely excited about his idea, and thus for the first
few months, the long hours and weekends of work will however be
satisfying. But then, even though one can set his own hours, one would fall
deeper into the demands of the entrepreneurial lifestyle.
In order to make the matters worse, as the health
declines, one would however find it harder in order to resist problems like
depression and burnout.
5. Loneliness
It’s thus not often talked about, but entrepreneurship is
considered as incredibly lonely. On top of the working long hours and
also being away from the friends and the family members, one also
won’t feel connected to the people around him . One will also have to be
the "boss" and would also have to be the consummate professional to
all the coworkers one considers a kind of family. And one won’t
also be able to show a moment of weakness -- even if the company is on the
brink of collapse.
Thus if you are an entrepreneur who is thus struggling with these
psychological burdens, then one would need to get help. Despite of being
dedicated to the company, one may however either be in denial that one is
experiencing these burdens, or feel that he is too busy to address them.
Combating
these psychological burden , the founders of LegalRaasta a startup
which provides legal services have resulted in providing more than 100 +
services. One doesn’t even have to go out , as it provides online services .
This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST Software, GST Return Filing, GST Registration, Section 8 Company Registration, Nidhi Company Registration, IEC Registration, Fssai License, File ITR Online.
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