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Entrepreneurs bear the financial risk, that's why.
Nato776d@danzulos Entrepreneur usually have to take a minimum of 30% of the risk and they take responsibility of managing the relationship of, investor, clients, employes, government, supplier. They are between a rock and a hard place on all way. And they cannot show any weakness because vulture are waiting for it, so you cannot ask for help or clemence.
I have been an entrepreneur for 5 years and I lost my soul along the way.
Entrepreneur is a shitty job that need you to be extremely irrational-optimist.
It's easy to see the successful entrepreneur and to imagine them getting money for nothing. Chronic employes cannot understand what it is like to be one. You don't take your lunchbox in and out of work, you take the whole business with you everywhere. I don't try to explain it anymore because it's a completly different paradigm shift.
And I'm taking about real entrepreneur who manage business valued at least 1mil. Freelancer are just a variant of employe.
wall-E5176dThe financial risk is in many forms as well, when starting out you can barely, if at all, pay yourself, insurance / benefits are all out of pocket. In addition to that, you probably can’t afford to hire people right away, so you’ll hold every position that a traditional software company will have.
I’m currently an officer of an entrepreneurial student org, pretty much the perfect environment to start a business. Why? Because even though you are working towards a degree, you can find a team of similarly minded people, work together in person during structured meeting times, and can have an MVP by the time you graduate so you can expand if you choose to pursue your product of business full time. Campuses are often great places to have trial runs and test out business models.
The irony of it is that managing the club inhibits me from doing that myself. So if I choose to go down that road, I’ll have 6 months to build that minimum model, but I’ll also have the connections that I helped build between our organization and local venture capitalists and companies that are interested in the products our members build. The 6 months come from how long I have until I have to start paying off my loans, which is even more irony because i don’t need a degree to run my own business / build my own products.
Dad always said...
People who know how to will always have a job..
Working for the people who know why
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