Entrepreneurship is a SAD and TOUGH Journey
- There is no guarantee of success, no matter how hard you work. This is unfortunately the bitterest truth about entrepreneurship. In most other jobs, success is directly proportional to the amount of hard work you put in, but that’s not the case with entrepreneurship. In the early days, when things were very volatile, we would often wake up in the morning with a lingering discomfort and a nagging thought — where are we headed? This thought stays in the head even after many years.
- You accept uncertainty as part of life. This is something that you might hate the most about being an entrepreneur. Will that customer sign the deal? Will that employee really join? Will we be able to raise the next round of funding? Will the marketing strategy work? Will the new product feature get user adoption? You are uncertain about almost everything.
- You are supposed to know everything. Building a successful company not only means that you have to build a great product, but it also means you have to make tons of presentations, create complex business models (that require some incomprehensible Excel sorcery), learn mind boggling legal jargon, pitch maybe a million times, write code, do sales and so forth. The list goes on. ***There’s no boss. This might seem a little counter-intuitive. You would be thinking, ‘Isn’t it great to NOT have a boss?’ No, it isn’t great. Having a boss means you have the option of saying, “It’s not my job.” Having a boss means that when things don’t work out, you have the option to ‘move on’. Having a boss means that if you are not there, then everything is not going to fall apart. Having a boss means that after office hours, you can have a personal life. Being an entrepreneur means being your own boss, and that’s probably the toughest thing to do.
- It’s lonely at the top. It is really lonely at the top. You might have dozens of employees or colleagues, who are also your ‘friends’. You argue, fight and have fun with them, but none can comprehend what you go through as a founder. Even if you have a co-founder, beyond a certain point of time, sharing with them also becomes ineffective because like you, they too are going through the same doubts, uncertainties and problems.