Entrepreneurship Is Severely Overrated
Of course, this is based on my own perspective and past experiences as an entrepreneur.
I still remember the days where I poke fun at my friends for being “corporate slaves” or “nine-to-fivers”. Yet they don’t get it, in fact, they find it amusing.
Three years later, I shut down my startup and joined the ranks of those “nine-to-fivers” which I previously made fun of. The irony. Though now I know why my friends find it amusing — as much as they understood and respected my drive to build the next Facebook or Google, they were all happy with their lives.
They get their nights and weekends off while I spent most of mine working and hustling. During those three years, they had the time and resources to travel around the world and experience new thing while I was stuck in my office strategizing, conceptualizing, and working my ass off.
Entrepreneurship is not for everyone
I want to begin by saying that the dream to become your own boss isn’t a silly one, not in the least. After all, I went down that path myself and that decision has allowed me to experience the joy of building a company up from scratch over a period of 3 years. It has also given me the chance to work with a team of incredible people; my co-founders, investors, mentors, and employees.
In the end, my entrepreneurial journey came to an end and I returned back to the “employee” life. Having walked both paths, it would be thoughtless of me to say that the life of an “employee” is a silly one. In fact, after experiencing it myself, I would argue that it’s actually better for some people.
Before you decide to take the leap, just ask yourself some of these questions:
- Earn a stable salary vs worrying about how you’re going to pay for your next meal?
- Help build an already established company vs becoming an industry disruptor?
- Enjoy the opportunity to move up the ranks vs embracing a completely uncertain future?
- Enjoy paid time off and other benefits vs hustling 70 hours a week?
Entrepreneurship is cool
It seems that in the twenty-first century, “employee-ship” has gotten a bad rep for being uncool due to the fixed working hours, lack of ambition, and corporate culture. I totally disagree with this.
In contrast to all the hype about entrepreneurship these days, 99.99% of entrepreneurs out there don’t get to enjoy the level of benefits or perks that a normal employee have. It would be a different story if the entrepreneur succeeded or “made it”, but that’s a very big IF.
Being an ex-entrepreneur, I can tell you that there’s nothing cool or fun about it. You spend most of your time hustling and it really screws with your work-life balance. You are constantly worried about funding so you push yourself to meet investors’ expectations. You act positive and put up a front because you don’t want the people around you to worry.
That’s the harsh truth of entrepreneurship.
Entrepreneurship doesn’t always lead to happiness
“I’ll be happy when I…” is a thought that has ironically caused much unhappiness for men and women chasing anything in this world.
We find ourselves running after something — marriage, kids, a bigger house, a nicer car — and when we finally catch the thing we’re chasing, we find ourselves still feeling a bit empty and wanting more.
I, myself, suffered from the same psychological phenomenon. I often watch or read about “the entrepreneur life” and how they always talk about the same stuff; freedom, living your dreams, having control over your life, etc, etc.
But when I actually started my own business and lived the life of an entrepreneur, I discovered that the “entrepreneur life” was all hype and glam and reality is anything but that.
When building NOX, I didn’t have much freedom nor work-life balance. I worked 10 to 12hours a day, everyday… strategizing, executing, worrying. Compared to being an employee now, I work 8hours a day, 5 days a week with zero worries about my next paycheck.
Sure, there will always be successful stories of entrepreneurs making it and hitting the jackpot. But always remind yourself that for every success story, there are thousands of unspoken failures. When NOX failed and we decided that enough was enough, we ended up with over $10,000 in debt.
Will you be willing to take that same risk?
How many entrepreneurs can you name? Elon? Mark? Steve? Sure, those that you have named are celebrated like rock stars, but the rest of us go completely unnoticed. If fame is really your end goal, you would be better of trying to make it as a Youtuber or influencer.
Entrepreneurship isn’t for everyone.
Before making the choice to become an entrepreneur (or an employee for that matter), we should ask ourselves what would truly make us happy and be extremely realistic with ourselves.
Do let me know in the comments if you agree/disagree with my thoughts or clap if you liked what you read 😁.