The Life of an Entrepreneur (Life-Changing)2021
Hello everyone and welcome to my blog. I will discuss the good, the bad, and the ugly experiences Ive been going through as an entrepreneur and small business owner. I wanted to shed some light on this and hopefully others won’t feel alone on this journey.
What is Entrepreneurship?
To be completly honest with you I never heard this term until I was in my early 20’s. When I heard the word entrepreneur I was thinking to myself what is that and why is it so important. From what I was told it was someone who took risk. Little did I know, but it was much more then this. According to google an entreprenuer is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.”
Let me tell you why you need to be more then a risk taker. As a business owner I have definitely taken a lot of risk and never was 100% sure on what was going to happen negative or positive. No matter what happened I continued on. If I failed I tried again until I figured it out. There isn’t anyone in my family who owns a business and I didn’t have and close friends who own a business to guide me. I had to create my own path and learn on the way. You can be a risk taker and still be a quitter. This is why I say an entrepreneur is much more then a risk taker.
Why did I start a business?
Growing up as a child I saw so may people around me working hard. Some people would have 2-3 jobs, but was still struggling to make ends meet. As I got older I started to be in different environments where people were more stable in life. I realized these people didn’t have a job, but they owned a business. As a struggling single mother I wanted to break the cycle of being poor. Not just financially poor. Poor emotionally, poor physically, and mentally poor. I started to educate myself on business and took classes on business management at a university.
From my research I learned that in order for me to break this cycle of being poor I had to enrich myself and my child to break the these invisible chains that weighed me down. There are studies that show how women are less financially preprared to retire, less paid in many aspects and has a “motherhood penalty.” Im thankful for my job currently that I still work ful time while operating Outwoken Tea, but it doesn’t provide me things I need. I also understand that most jobs wont satisfy you emotionally, financially and physically. The only job that will do this is the job you create for yourself which is a business.
Behind the scenes of operating a business?
There is a big reason why everyone doesn’t own a business especially a small business. According to Bureau of Labor Statistics, reported by Fundera “20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business. Finally, 70% of small business owners fail in their 10th year in business.” As a small business owner with limited funds you truly wear all the hats in the business. I’m the business owner, Im the shipping and recieving department, customer service, digital advertiser for all social media accounts, designer for the brand, and lawyer for minor things. Im still a mother, a wife, a full time construction worker and a woman.
I would be lying if I told you juggling all of this is easy. It’s not easy. Things will get harder until I reach a financial point where I can quit my job. I’m not saying these things to discourage anyone from starting their own business. I’m saying this because, the word entrepreneur has been glorified and yet hasn’t recieved the respect of the hard work behind it. For anyone on this journey or thinking to start I will always say “Do it.” You will learn so much and evolve as a person. I have done things that I never thought I would ever be able to do. Truly opening my business has shown me how much I was in my own way and how much more I’m capable of.
How to overcome the ugly?
Business situations can get ugly. I had hired people that I had to fire. I’ve had to rehire people to do jobs that the last person didn’t do, but was paid to do. Guess what it was a lesson learned and made my business that much more stronger. To me there aren’t any loses just lessons.
There isn’t any secrets to overcoming the ugly. This is why I strongly believe that the reason or mission you have for your business has to be bigger than yourself. I say this, because if your only in it for money you’ll quit. If your mission is something that serves a greater purpose that helps others that you feel strongly about more than likely you will overcome. With a great mission you will keep fighting with out one you won’t have a desire to keep going. Small business burn out is real and I can testify to that. The only reason why I overcame the ugly and still going , because I desire to make a difference for the present and the future. My mission drives me.
What was the good?
Where do I start? If you didn’t know my business partner is my son! He’s so amazing, supportive and is the best barista in town. I’m so thankful to have the ability and resources to start a business. I have found great people on the way that have been so supportive of me and are strong in my weak areas. I’ve learned so much about myself and improved throughout this journey. Honestly the best part is meeting people.
I have been fortunate enough to meet other great successful entrepreneurs on the way. I probably wouldn’t have had the same opportunity if I wasn’t on this journey. Other people have different perspectives that have given light where things were dark for me. When I felt like something wasn’t possible I had others showing me it was possible. Having people in your life that have the same mission as you or are already at where you are trying to be is a huge game-changer. Not only is this beneficial, but it’s living proof that you can truly do whatever you put your mind to. I t may not be easy, but having a team or other supportive people is the best thing you can have as an entrepreneur. Being an entrepreneur is definitely a lonely road so it’s a bonus to have those individuals in your corner.
Is it worth it?
The short answer is YES! Yes it is worth all the headaches, the long nights staying up, the frustration and the roller coaster of emotions. I still have long nights and will continue to have them. You probably wonder why would I want to go through all of this. Well I enjoy and appreciate the learning process. I also enjoy teaching my son how to operate a business so he has a head start on entrepreneurship. Since I’m still working I don’t fully have the freedom yet but I know once I get there it will be amazing. Plus I breaking boundaries within myself that I didn’t even know existed. Im thankful and truly appreciate everyone on the way that has believed or ever supported me. Thank You!!
I hope this blog was able to shed some light on the life of an entrepreneur. I wanted to be as transparent as possible to hopefully help someone else on this journey. Anything is posssible once you put your mind to it. Thank you for reading my blog. Please leave a comment below and let me know your thoughts.
By Aureal the owner and founder of Outwoken Tea
What is an entrepreneur?
Someone willing to take risk, get up after being knocked down, is innovative and finds a way when there is no clear path.
What are 4 roles of an entrepreneur?
There are definitely more than 4 but the main four are organization and management, innovation and creativity, risk taking, and resilience !!
How do you define an entrepreneur?
Simply put someone willing to take risk and sacrifice. An entrepreneur is probably the only person willing to work 80 hours so they don't have to work 40 hours for someone else.
What is entrepreneurial personality?
Someone who can see an opportunity and take action when others are still thinking what if. Definitely a person who is bold, risky, and willing to put in the work.