Most of the Entrepreneurship articles focus on why you should start up your own business. This article Why I Quit Entrepreneurship and Got a Real Job by Rob takes a different spins. He talks about why he left entrepreneurship and re-joined the corporate world again. He discusses what have he learned – in summary: Entrepreneurship is difficult. Here are some of the main points he mentions:
- Money Matters
- Nobody cares that you are smart or knowledgeable (and you need to know if you really are)
- Think about the intangibles
- Short-term thinking can kill your company
- Don’t max out your credit cards
- Know how you make money
- Your estimates are wrong
- You aren’t your own boss
- Industry contacts are important
- You don’t have any free time
- Attack everything with enthusiasm
- Acknowledge your mistakes
- Keep your integrity
- Deal with the possible consequences
From his real experience and perspective – those are good advises that resolve some of the misconception on entrepreneurship.
Why I Quit Entrepreneurship and Got a Real Job – [Business Pundit]
Often times this is what I see in my friends that have their own business. They are constantly being reactive to what is flying at them and stress levels are high.
Yes there are rewards but sometimes those can come at the expense of your friends and family.
Great article!
He forgot one of the most important point:
Never Say Die!
Which is why I guess he’s back working as the corporate slave once more…(no offence intended)