What most people take for granted is that if one is an entrepreneur, they must be rolling in money. Well if that's your only motivation to be in this field, you can be more wrong. It's understandable that profit making is a driving force, but its not the be all and end all. Moreover the capital raised and the returns earned get diverted back to the business again. So in a way the entrepreneur while hiring the best talents in town has to somewhere cut doen on his own wages and perks. While it may seem a great thing to hand out wages and livelihoods to others, the owner consciously abstains on certain counts. If you can do that, mind you you are meant to lead.

Just because you own a firm and employ certain number of people, is no excuse to send your smarty brains on a holiday after you have kickstarted. On a funny note, in fact the owner of a startup is always on the brink of exploitation for obvious reasons; overworked and over-exhausted. For one, there's the tension of meeting the targets to keep afloat and secondly to constantly coming up with innovations; hiring talented minds shouldn't put a stop to your participation. So the entrepreneur really has to go by the saying "all work and no play" for the most part.
A common myth in the industry for defining the success of a firm is often the accreditation of running a unit tight. No doubt centralization is the key, but it often goes anti the owner. They get typecasted as control freaks. Well we say its a matter of perspective, how you want to picturize the scene. To set the score straight our entreprenuer readers, nobody is can be a perfect control freak. One may organize the nitty gritties of an office or how one wants to function, but the larger picture- the market, is nobody's domain to dictate. Stock markets collapse, governments intervene, deals go bad or there isn't enough traffic generation; they are just brick walls to show one how bad they need something.
The hardest part of being an enterpreneur is the act of building and sustaining it for longer. For starts, working with a melee of different minded people is tough and to get your act straight while keeping semblance in the house, is no easy task. Added to this, success doesn't come overnight, the market keep changing like quicksand. The trick is to not succumb despite the compelling pressures from all corners.
Hope this piece sent across the message we wanted to convey. The life of an enterprenuer amounts to caught in an octopus-like tentacled situation. Either you get eaten up or you put up a fight for survival. What matters the most is to successfully bid the initial phase of ups an downs with patience. And if you've got the right determination with lady luck for support, roadblocks just vanish after sometime.

Remember to subscribe to our RSS feeds and e-mail newsletter.