I was talking with my wife last night about being an entrepreneur. She’s glad I have the entrepreneurial spirit because she feels it isn’t for the weak of heart and at the least is a daunting challenge. My wife, Jo Ann is a woman with good ideas, an exceptionally strong work ethic (starting her working career as a young teenager) and with a strong desire to get ahead, she is a natural to be an entrepreneur but’
It’s scary and certainly a slippery slope being an entrepreneur wannabe. Many entrepreneurs become one out of necessity, being laid off from a long held job usually from an economic downturn making a job redundant, an immigrant unable to find employment suitable to his qualifications, a youth out of university unable to find a job.
Another entrepreneur develops from someone who has had it with an overzealous incompetent employer (this one fits my move to being an entrepreneur), a manager suffering from the Peter Principle (a manager who reaches his level of incompetence) and/or a system which doesn’t give employees sufficient kudos, benefits and challenges to keep them as an employee.
This brings us to the employee/entrepreneur tipping point, the point at which we realize the benefits of self employment (can’t believe I used that word instead of entrepreneur) outweighs the inconsistencies and hidden dangers of being an entrepreneur.
My wife pointed out that it is a difficult decision to quit a good job with benefits. The benefits include pension plans, dental, structure, a place to fit in, and a place where you get recognition (well maybe that’s a stretch).
After all is said and done I think that you can’t decide to be an entrepreneur based on weighing the pros and cons. It’s more like a gut feeling- mind you it might be a bellyache at times but clearly itâ’s a choice one must make.