Honestly, entrepreneurship is what you make it! The secret is knowing your worth and setting boundaries. You’ll learn lessons in entrepreneurship on a consistent basis which will allow you to adjust accordingly. I can’t tell you how many times I’ve had to experience things the hard way but, it made me a better person and taught me a lesson in the process. There’s always a misconception that entrepreneurship is easy and looks glamorous from the outside looking in.
Let me stop you right there! Entrepreneurship is countless hours of pursuing your dream. You’ll put more hours into your own business than a full-time job. You’ll be a living, breathing advertisement for your brand. The benefit to be an entrepreneur is that you can make decisions based on your terms. If you want to travel, you can schedule time to travel and decide whether it will be leisure or work and play. I will say that organization and time blocking is major for me.
I travel frequently for business and I have a schedule that I stick to. I’ll also share, full disclosure that I work a full-time (remote) job in addition to managing my lifestyle blog, being a social media influencer, running an online boutique, promoting my e-book and consulting business with brands and business owners. A lesson that I am currently learning is that, I CAN’T do it ALL! I’ve outgrown being a one woman show. I’m in the process of outsourcing specific tasks that I want taken off my plate and I’m happy to pay for the services.
The pros of being an entrepreneur is that you can fulfill the vision you have set for your business. Time is so precious, and you have total control over it. Take advantage of the flexibility you have and use it wisely. You’ll always have an opportunity to learn. I try to attend networking events and conferences regularly. It’s all a part of continuing education in our ever-changing world of social media and technology. You always want to stay on top of what’s new and what’s trending.
What goes up, must come down! There are pros and cons to self-employment. So, even though you may exceed a previous salary… There are good income months and bad income months. I’ve personally been in a panic when I had a slow month. This is when I didn’t have a job and was solely relying on my business income to survive. That situation pushed me to get two part-time jobs because I panicked and didn’t like the uncertainty of income from month to month.
Even though I had consistent work… I also had to deal with 30, 45, 60, and 75-day payouts. Those sent me in a tizzy to know that I provided a service but, wouldn’t see that money for a month or two. I worked part-time for almost a year and was offered a full-time position that still allows me to pursue my passion. I have a set schedule, so it makes it easier for me to plan my tasks accordingly. I really love consulting and sharing my knowledge with others.