Even after starting this blog one year ago and feeling the sweet success of having it make more money than any of my other side hustles, I still struggle to believe that it could make me any richer or provide me with more security than my real job. No question about it.
Does that mean I don’t have the burning passion to grow a new business, create something from nothing, build a name for myself, and make a ton of money in the process? Absolutely not! I want to do all those things! But I have and plan to continue to do them at my current job. And here’s why …
Your Job is Like “Entrepreneurship Insurance”:
“People mix up entrepreneurship with risk-taking, … An entrepreneur is a risk-minimizer, an opportunity seeker.” – Peter Farrell
The thing I struggle with in entrepreneurship is that no matter what, you will always answer to one ultimate boss:
• The customer
That’s right – No matter what kind of business you start, nothing will ever come of it until you have satisfied your customer. Your customer is the ticket to sales and income. Without the customer, you have nothing.
So if you draw a flow diagram of the two possible situations, here is what you have:
• The Customer -> Your Employer -> You
• The Customer -> You
When you illustrate things like this, does it not stand to reason that “Your Employer” could be thought of as a layer of protection? An insurance policy if you will?
We all drive cars, live in houses, and live our lives with insurance policies. So why would you NOT want some type of insurance policy on your career and income?
Things You Don’t Realize About Entrepreneurship:
I know exactly why people jump on the entrepreneurship bandwagon: It’s probably great if you can make it work! Here’s a few highlights of the benefits:
1) Potential for more or unlimited money
2) Ultimate decision making over what you do and don’t do
3) Setting your own hours
4) Knowing you can never be fired
However, there are also a lot of reasons why start-ups fail so often:
• Because people are not prepared for it to be so hard.
Yes, starting an entrepreneurship is A LOT of hard work with a lot of potential for problems:
1) You’re responsible for everything
2) You’re always on call
3) All the ideas come from you
4) If there are no sales, it’s your fault
5) If there are no profits, it’s because you mis-managed things
6) You can hire people or outsource jobs, but that just cuts into your profits.
7) Even if you do hire others, how do you get them to care as much as you do?
8) Even though you can never be fired, you can still fail! So do you REALLY have security?
Practicing Entrepreneurship within Your Job:
I’ve always felt blessed that job has a lot of autonomy – I have the ability to do things on my own.
It wasn’t always like this. It took a long time. I had to work my way up from the bottom, prove my worth to my superiors, demonstrate that my ideas will work, and most of all – make the company a lot of money.
But along the way, there have been a lot of great things: I’ve made million dollar deals, traveled to different places, made relationships with people I would have never met, helped others excel in their careers, made a lot of money for myself, and best of all – created real things from just ideas.
The only difference was that I did all this from the safety and security of a job. If I didn’t make the deal, I still got a paycheck. If my idea didn’t work, I still came to work the next day. I realize all those things happen in an entrepreneurship, but I would argue that the risks were probably far less.
Your Job Can Be Your Entrepreneurship Guinea Pig:
Just like a job uses you for what it needs, so should you with your job. At your job you should have the ability to practice whatever skills you think you’ll need to accomplish whatever it is you want to later in life.
Do I want to be an entrepreneur someday? Absolutely. But I probably wouldn’t think to try it without first having practiced my skills over years of development within my real job.
If you can’t or are not able to do these things at your job, maybe you need to consider switching positions or even changing jobs.
Being an Entrepreneur Takes a Special Person:
This post was not a knock against entrepreneurs or what you do – I really do respect you and hope for the best.
This post is about approaching this subject from a different perspective. Not all of us can make that leap of faith and leave it all behind. Sometimes we can’t see an opportunity where the risks have all been mitigated.
But I don’t think you need to do things on your own order to experience the same sensation and accomplishment that comes from creating something from nothing. Your job can be a training ground for testing your ideas and developing your skills. Learn a little bit about yourself and your abilities before you take the plunge. If you’re already thinking about it, you know you’re going to someday.
Readers – Are you a born entrepreneur or afraid to jump into the pool with both feet? Do you feel like there is more than one way to experience entrepreneurship, or any benefit to practicing your skills on your current job first?
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