The fundamental question you should ask yourself before embarking on a journey of entrepreneurship is why you really want to do this. The answers you get to this question might include more money, freedom, excitement, converting an idea into reality etc. Those points are great; however, with the positive aspects also come an array of negative aspects of being an entrepreneur which include loss of personal-professional life balance, fear of failure, unpredictability, graver challenges, the risk of being lonely etc.
It’s not that you won’t have fun starting your venture; it will definitely add excitement and newer emotions you might or might not want to experience. However, everybody who is successful, will agree that the journey will not be all good. When you embark on the journey, you are expected to embrace all negative and positive aspects of the journey. The harsh realities will baffle you while the defaults on payments or risks might frustrate you. So, unless you are absolutely sure about what you want to do and why you want to do it, entrepreneurship is an idea you are advised to put on hold.
Retracing your steps
Nobody said that you cannot shut down a venture when it starts incurring losses. Again, it is not as simple as it looks. It is way more difficult than just moving on. You are accountable to many stakeholders in your company- employees, investors, customers and shareholders. This makes starting a company a very risky proposition and it is perfectly acceptable if you aren’t willing to take the risk.
An entrepreneur’s job is very difficult and in the initial days, the job demands you to put in all your efforts 24*7. Most entrepreneurs have complained of a physical or/and mental burnout at some point. Unless, you are absolutely willing to face this at some point, starting a business shouldn’t be on your list.
You might think that by not starting a business you are missing out on a lot. It is true to some extent as you might not feel the euphoria of seeing a baby grow, however, the dedication required is almost crazy which is why you shouldn’t beat yourself up about not wanting to become an entrepreneur.