People have a lot of misconceptions about entrepreneurship. You may think you are ready to dive headfirst into starting your own business, but you should know the truth. This isn’t to scare you away from starting your entrepreneurial journey, merely to educate you about what to expect.
When I first took my first steps into the entrepreneurial realm, I freelanced as a Social Media Marketer. This experience ignited a fire in me, and I continued on to start my own adventure photography business. Throughout this journey, I have encountered quite a few misconceptions about what it takes to achieve entrepreneurial success.
Common Myths And Facts About Entrepreneurship
With the internet, there has never been an easier time to freelance and start your own business. Many freelancers can work wherever and whenever they choose. This may sound ideal, but people have a lot of common misconceptions about this type of work.
Here are the common myths about entrepreneurship:
Myth #1: The perfect time will come
A lot of people seem to think that if they just wait, the perfect time to launch their business will eventually come around. But a seasoned entrepreneur who has enjoyed success knows better than that. Their experience has led them to realize that there will never be a perfect time.
Truth: The perfect time is now
Waiting for the perfect time to launch your idea or start-up can be far more detrimental than it is beneficial. Rather than waiting for the perfect time, direct your energy in a productive way! Without rushing your ideas or concepts, aim to launch your start-up as soon as you are ready to do so. Don’t wait for “tomorrow” to become “never!”
Myth #2: You need to be an expert
Many people believe that expertise and complete mastery are requirements of an entrepreneur. That is simply not the case, and many of the most successful entrepreneurs are jacks of all trades. Actually, most people miss out on the last part of the old adage:
“A jack of all trades is a master of none, but oftentimes better than a master of one.”
Truth: You don’t need to be a master
As an entrepreneur, you are always going to learn new things about your industry. Take in all learning opportunities from colleagues and mentors. These experiences will prove far more valuable than waiting to be an expert before jumping into your start-up’s field!
Myth #3: Being your own boss is better than being an employee
The idea of being your own boss sounds pretty cool. After all, you get to have all the freedom you want, right? You can set your own schedule, only do the work you want to do, and work from wherever you want. Who doesn’t want that?
Truth: Being your own boss can be a struggle
Although being your own boss has a ton of benefits, it is not necessarily better than being an employee. Being your own boss requires extreme dedication and focus. With no one to answer to, staying on task can be a challenge.
Working for yourself also leaves more room for error. And when you fail, you don’t have a safety net to catch you. Being an employee means stability, but you don’t have that as an entrepreneur. You could end up weighing yourself down with pressure instead of feeling the sense of freedom you want.
Conclusion
All in all, there are a lot of misconceptions about being an entrepreneur. Regardless, this exciting and rewarding path feels most suitable to freelance photographer, Edward Tomasso. Although the journey has largely just begun for Tomasso, he looks forward to his own entrepreneurial pursuits!
