What stops you from becoming an Entrepreneur?
Fear of failure? Risk-taking appetite? Skills? Capital? IQ?
Read further to know the answer!
I guess, the single most important reason, not to start a business, is, “having options”, having choices!
As long as you have other/easier (career) options, you won’t really want to take a risk, or would want to go thru hardships or would like to work for extended hours!
This is a single most important reason, why major percentage of immigrants, all over the world, are entrepreneurs!
If you don’t have education, if you don’t have any skills, if you don’t get a job or don’t earn enough from it and you’ve come from a very struggling background, where having enough water/food too is a leisure…, then most probably, you’ll try to over-compensate this scarcity by trying to over-achieve by doing what all it takes to achieve!
As soon as you immigrate to other region with too many opportunities to earn money, you’d want to grab as much as you can, because, you’ve never seen it before and you know its “Value” like nobody else knows!
Native people, already living an acceptable lifestyle won’t have much of the motivation for the hardships, nor are used to it, hence won’t have as much ambition &/or willingness!
If you can easily get a good, well-paying job with your skills and can very well lead a good lifestyle, you’d seldom want to put yourself to all the uncertainties and hardships of starting up something and surviving out of it!
Another problem for skilled professionals to be an entrepreneur is, as they are busy acquiring their professional skills, they get out of touch of the natural, soft skills!
When you are doing something, you definitely are not doing something else! So, when you are busy learning the acquired-skills, you definitely are not honing your natural/human skills! You are not doing any of the following!
- Understanding what sells, what doesn’t! What people want and what not!
- People-networking, building the right contacts! Managing and manipulating people! The EQ thing!
- Thinking about where and how you can earn money!
- In absence of any skills, one automatically learns the skills of making use of others’ skills, coordinating other’s efforts, as that becomes highly important for their very survival!!!
- And they’ve got time and reason to do all of this!
So when a Software-Developer is busy learning the Design-Patterns, a Civil Engineer is busy thinking, how to put a large ceiling without a pillar at the center, when a doctor is learning the new ways of carrying out a surgical procedure…,
An Entrepreneur, not having to worry about any of the above, is busy thinking, “How and where can I earn money! What can I do to get more money! Who all can help me get more money!…” and so on…!
And Everyone gets what they think about, what they focus upon!!! So, no wonder, the Entrepreneurs get Money, while others get the Skills!
Put in other words, the Entrepreneurs get Money, while others get the Jobs (with these Entrepreneurs)!!! You like it or not but that’s the naked truth!
Thus, most of the times, the best opportunities/options you have got for your career are the ones, which keep you away from becoming an entrepreneur!!!
Please don’t get me wrong, the converse is NOT true! All entrepreneurs, not necessarily, are the people without (acquired) skills! There are highly-skilled entrepreneurs, definitely, who had multiple options, but did choose to be an entrepreneur and take this roller-coaster ride, out of their choice, without their family/community background &/or support!
