There comes a time when an entrepreneur is faced with their first of many forks in the road. That time comes when they have to decide whether to stay on the same path of a 9-5 cushy salaried income with benefits, stock options, etc or go out on their own and pursue their dreams. When the day comes, that the entrepreneur finally builds up the courage to jump in 100% and walk away from their career, they do it with the hope that it will all be worth it.
When they take this crucial first step, they hope that all of their friends and family will believe in and support them.
The Hardest Lessons of Entrepreneurship
- Entrepreneurship Is Extremely Lonely - as big as your circle of friends and family may be; you will be the one experiencing the highs and lows alone. Of course your inner-circle will be standing at the sidelines cheering you on; but, they will not be the one taking on the risk and feeling the immense pressure that comes with being in charge of your own destiny.
- Your Friends and Family Will Not Do Business With You Just Because Of Friendship Or Family Ties - this was the absolute hardest one for me. With all of the sacrifice and sleepless nights filled with fear and anxiety that my closest circle knew all about, I would have sworn that "loyalty" would be inevitable. You would think if you were providing exceptional service and saving your friends/family money that they would stand behind you and do business with you. You would think those in business understood the fear of survival. WRONG - so scratch that part off your business plan right now. My very first client was a total stranger… as was my second and third, and fourth was too for that matter.
- Distractions Are Everywhere - When you enter into the world of hopes and dreams - try to keep your feet on the ground and stay focused. Take it day by day and keep your eye on the prize. You will have distractions coming at you from all directions. For my fellow millennials - this is a BIG one. Your friends that have not yet settled into their lives and are still frequenting the local hotspots will not understand your desire to stay in and work on a Friday or Saturday. The party will still be there once you have built your empire- I PROMISE.
- Don't Leave Your Loved Ones Behind- If you are anything like me this is another hard one… When you are totally committed to something and you cannot rest until you have completed a task or accomplished a goal, the people closest to you usually suffer the most. Try not to take out your stress on your loved ones, don’t get frustrated by their differences, and most importantly make time for them. Plenty of fake friends will come after you succeed so remember those who stood by you and believed in your dreams. Carve out time in your schedule for them and make them a priority.
Entrepreneurship is a journey. Strive to be the best version of yourself and keep these lessons in mind. Mistakes are going to happen. Learn from them and move on. The ability to bounce back from any situation is crucial for an entrepreneur.
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Christina Camacho is the Founder and CEO of Current Payment Solutions and Ivy Lender. After ten years of corporate banking, she decided to start her own business supporting small business owners and providing honest solutions. Seeking an opportunity to do great things, she used her connections to [...]