Going solo?

The country is experiencing an entrepreneurship boom but is it for everyone?

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These days, everybody is dreaming to start something of their own. While there is no doubt that with the current business-friendly environment and positivity that surrounds us now, for many becoming an entrepreneur means living a life of leisure, a shortcut to fame and money, and a life where you can plan your work schedule, take long vacations without worrying about work, right? What many don’t realise is that since it’s their business and they have invested their time and money on it, it’s impossible to ever turn it off. They are constantly thinking about a thousand different things that affect their business and hence are always working mentally if not physically. So what’s the reality?

The truth is – yes; entrepreneurship is exciting and rewarding, but not at the initial stages of starting up and scaling up. The initial stages can be tough. The initial days can be hard, exhausting, demotivating at times, but you need to have the perseverance as these initial days are also the most crucial ones. Your business in its infancy needs all your attention and time. It’s during this time that you are moulding it and grooming it to grow on a larger scale. It’s only after a few years – when you have achieved your targets, have responsible people managing it along with you and most importantly, your business is making lump some profits; only then, can you live the life that dreams are made of.

So how do you know that you are inclined to entrepreneurship? Ask yourself these questions:

  • What is it that is attracting me to entrepreneurship?
  • Does my family – spouse, parents and kids – support me?
  • Are money/profits the only things I am looking for?
  • Am I willing to take the risk? Do I like taking challenges?
  • Am I mentally/emotionally prepared to face failure?
  • Am I patient?
  • Am I willing to compromise on my weekend’s leisure, holidays during my initial days of setting up my business?
  • Do I have a business plan in mind?
  • Do I know how to channelise my finances?
  • How well do I handle criticism?
  • Do I like budgeting- simple income/expense review?
  • Am I willing to sacrifice comforts of an establishment and be the peon as well as the owner and everything in-between?

If your reasons to be an entrepreneur are:

  • Instant fame;
  • Instant money;
  • Leisure;
  • Flexi work hours.

Then I’m sorry to burst your bubble but entrepreneurship is not for you.

If your reasons to be an entrepreneur are:

  • Creative freedom;
  • To do what you love;
  • Make a difference;
  • Create your own identity;
  • Leave a legacy.

Then you should start working on the business plan, introspecting deeper, researching, and planning on your next steps.people-5-1030721-m

When you’re an entrepreneur, you are ‘your own boss’ but this line is always misinterpreted. Being your own boss doesn’t mean working when you feel like or going on holidays whenever you want to. It means being prepared to take on new responsibilities, face the challenges and have a ‘never give up’ attitude to strive to bring out the best in you.

This article is authored by Joseph Devasia, Managing Director, Antal International, India

This article appeared in Times Ascent on May 12, 2015 http://itsmyascent.com/career-advice/Going-solo/153086

 

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About Antal India Recruitment Blog

Founded in 1993, Antal International is a global Executive Recruitment firm with 120 offices in more than 30 countries We work with professional and managerial talent worldwide. works with many of the world’s most successful and ambitious employers. In January 2007 Antal International established the first office in India, which led to the opening of 38 offices in 14 cities. In 2013, Antal named Joseph Devasia as its Managing Director for Antal International Network, India – the man who brought Antal to India 9 years ago. Antal India today has 100+ consultants working across offices in India filling more than 3000 assignments at the mid – senior level. Antal India today has offices specialising in various industries like FMCG/CD, Ecommerce, IT, Pharma, Auto, Engineering, Manufacturing, Real Estate, Construction, Retail, Oil & Gas, Aerospace, Defence. Clients: Over the past 22 years, Antal has worked with over several thousand clients making 60,000 placements. Antal extensive network of offices and deep market expertise is what sets Antal apart from its competitors. To know more about us – www.antal.com

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