As entrepreneurs in America, we are often surrounded by
comfort. If we feel the need for coffee,
our favorite coffee shop is nearby. For
breakfast, lunch and dinner, our options are many. When we go home, we enjoy all the creature
comforts available to us in America, such as cable TV, movies, or a warm
shower. We drive reasonably nice cars,
and our offices are typically nice, clean and pleasant. All these comforts lead the entrepreneur to
believe that he/she is living in a safe, comfortable environment.
The reality of the life of an entrepreneur could not be
further from this illusion of comfort and safety. Our day-to-day reality is more analogous to
an adventurer trekking through the Amazon with a machete, than it is to the
person down the street who has a steady paycheck working for a large company, a
government agency, or some other stable institution. We often have no safety net to catch us if we
fall. It is rare, especially in the
early stages, that we have a cushion of cash to support us through a slow
period. We must careful weigh decisions,
build our team, and manage our cash, because every team member and every
resource counts.
The popular phrase, TGIF or “Thank God It’s Friday”, doesn't seem to work for me. My version of this
phrase is more like “Oh God It’s Friday”, what did I not get done this
week. Every day I look at my to-do list
and wonder if I have done enough to earn the money I need to pay the bills over
the coming months. No one is around to
tell me what constitutes a good job other than my customers and my
creditors. If both are happy, then I am
doing is good. But even they can be hard
to read at times.
Now, just like any adventurer, living the life of an
entrepreneur can be full of extremely rewarding and fun experiences. My point in this blog is not to say that it
is all doom and gloom. My goal is simply
to help illuminate the experience for what it is: an adventure. I believe it
is hard for us to understand our experiences as trail blazers when we are surrounded
by comforts. We are risking our
professional lives daily in pursuit of our adventure, but the comfort of our
environment fails to let us see this reality.
It is my belief that this dichotomy has lead many
entrepreneurs to experience high degrees of stress and frustration. We expect our experiences to align with our surroundings. We live with spouses, friends and kids that
have relatively normal lives. Our
friends seem to cringe when we tell them our latest struggles with customers,
bills or employees. To them, our
adventure seems way too risky. We start
to believe they are right, and we lose sight of what we need to do to survive
in this environment. We get frustrated
when we compare our lives to theirs. This
leads to a misalignment between our reality and our perception of our
reality. This discrepancy has derailed
many an entrepreneur.
The best cure for lowering your stomach acid as an
entrepreneur is to appreciate your situation.
Make sure you are properly accounting for the challenges and risk you
are taking. Realize that most people who
are doing what you are doing are going to fail.
Realize that you need to protect yourself, your friends, your family,
and yourself from these failures. Build
a network of others around you who understand your experiences, and who can
counsel you through challenging times.
Leverage other peoples’ money where you can, because you are going to
need more than you think. Realize that
the time it takes to get to each milestone will always be longer than you
predicted. Appreciate that you are
walking a less traveled path. Finally,
remember that most, if not all, the other people at Starbucks will have
absolutely no understanding of your day-to-day reality as an entrepreneur.
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