BE YOUR OWN BOSS - ALL YOU NEED TO KNOW ABOUT ENTREPRENEURSHIP

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Today, over 400 million people all over the world are entrepreneurs. Statistically, every one person among 18 others owns his/her own business. And guess what? The number is only growing.

Why entrepreneurship?


There are many reasons why entrepreneurship appeals to so many people.


  1. The fact that you get to be your own boss, being the biggest reason. 
  2. Also, as an entrepreneur, you get to do what you believe in - it's your business, your startup, you can drive it the way you want to, you get to take decisions and not follow instructions. 
  3. You have the leisure to work anywhere and at your preferred time - there’s no worry of being late to office and being chided by the boss anymore, sigh. 
  4. All of the efforts and long hours of work make sense as a large part of the profit that your company makes is yours. 
  5. You get to hire people and choose the team you want to work with. 
  6. You create something of your own and leave behind a mark, a legacy of yours. 

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What qualities make a good entrepreneur?


If you are a person who -


  1. Hates the 9 to 5 job system, entrepreneurship could be for you 
  2. You should always be curious. It is important for an entrepreneur to be keen on learning new things. 
  3. If you are a person who always thinks differently, entrepreneurship could be your thing! 
  4. Have good leadership skills - if you want to be a boss, you must also know to lead and take charge. 
  5. To become a successful entrepreneur, you should know the art of always staying positive because things may not always work out the way you want them to. 
  6. You should know how to accept failure and deal with stress. 

But, are there any negatives? 


Being an entrepreneur may sound very easy but it’s not. The ugly truth is that even if you have all the qualities mentioned above, there’s still a chance that you may fail as an entrepreneur. Why? There are many reasons.

  1. It’s a lot of hard work, patience and stress - starting something from scratch and creating a demand for it is not easy. It will require a lot of hard work, will take a lot of time and cause a lot of stress. 
  2. Takes a toll on your personal life - because you will be devoting most of your time to your work (at least on the beginner’s level), your relationships and personal life will naturally have to take a back seat. 
  3. There will be a constant uncertainty about your functioning - if the outcomes of your hard work don’t come out the way you expect them to, there’s a chance that you might start doubting yourself and your decision-making skills. 
  4. It’s not easy to collect the capital - any idea requires a capital to take a form. It’s not easy to get fundings for your startup at the initial stage and you may have to invest in it yourself. 
  5. Every responsibility always falls back on you and there would be many people dependent on you. 

Ultimately, entrepreneurship is a risk that millions of people are willing to take these days. Risks can be reduced by taking the right advice and investing in the right places. Cedrus Wealth Partners is a company that thrives to provide you with the best financial and investment advices. 
www.cedruswealth.com
Visit Cedrus Wealth Partners now and make your journey of entrepreneurship less risky.
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