I know enough people who have dreamt of starting a company, but they never took the first step. You need courage, and the mindset of an entrepreneur, to test the waters in the ocean of startups.
Entrepreneurship is not for you if one of the following is true for you.
Do you remember the last time you took a risk -- something like taking leave for two weeks for vacation without your boss’ approval? Entrepreneurship is about confronting brutal realities of life where you have to take the risk on a daily basis.
Entrepreneurship is for brave hearts
You know it’s not an easy journey. You have to bear a lot of pain. It is scary to leave your job and follow your passion. We hear success stories of startups, but no one tells us how many failures are buried under that success.
“Remember, with every failure you are adding layers to your mental strength.” - Richard Branson
Side effects of Entrepreneurship
Frustration hits you like the monthly mobile bill. Every month, we plan something great, but plans fail quite often. We can't avoid the frustration of failure, but we can learn how to handle it.
You doubt your decisions many times. You won't find anyone to help you out. This is a side effect of becoming your own boss. You can't ask for directions all the time, even if you have mentors.
You doubt yourself. After continuous failures, you start feeling like you aren’t worthy of anything. Persistence and perseverance are keys to tackling such a situation.
This happens with almost every entrepreneur. Addiction to anything has an adverse effect on life. It’s even possible for someone to become addicted to smoking or alcohol after starting up, as they use it to alleviate stress.
Bad sleep habits take the front seat when you have to deliver a product in time. There is so much chaos, from customers and employees to family, that you often mess up your sleep schedule. My own bad sleep patterns began to affect my productivity, so I started waking up at the same time every day irrespective of my sleep time. My routine adjusted automatically to my sleep timings.
Have you experienced this when you don't give time to your girlfriend, wife or kids? Even when you sit with them, you talk about recent funding news, or your difficulties in hiring, or how tough your customer is. Give it a break! Spend some quality time with your family.
A very likely situation for bachelor entrepreneurs. You won't have time to cook food. You will subsist on ready-to-eat junk food alone. You had better get on a fruit diet instead.
You won't feel it because you are busy building your product or chasing your next customer, but your friends know how many parties you are missing.
I am not trying to scare you, but it is scary because I have experienced this in my startup life. If you still want to take a leap then go through the checklist below before taking the final decision.
Checklist before leaving your job
Last question to ask yourself. If I quit my job and follow my passion only to have it fail miserably after two or three years of dedicated work, how will I feel? If you feel terrified, then reconsider your decision. We discussed this question in my previous startup. If I failed, I was willing to bear the pain of failure.
What is your take? I will be happy to discuss in the comments below.
Read my views on How society discourages an Indian from starting up