4 Bad Reasons to Start a Business

We often hear “you have to start your business, you have the skills”, “I should make my box to be my own boss”, “I can’t stand the hierarchy anymore and I should start my own company.” must create’… Becoming your own boss has an obvious appeal. This is why a growing segment of the population is considering the possibility of taking the plunge, which is also relatively easy these days. However, one should not be tempted to start a business under any pretext.There are plenty of really bad reasons to get into entrepreneurship.If you put forward the reasons that will justify your desire to become an entrepreneur, it might be better for you to make your point reconsider.

Because you want money

Topping the list of bad reasons to get into entrepreneurship: money. Telling yourself that starting your business is definitely the most efficient and fastest way to make money is of course wrong, for three reasons:

  • First of all, becoming an entrepreneur is by no means a guarantee of significant income, much less in the short term. On the contrary, chances are it will take you several years to earn a decent income.
  • On the other hand, by stepping into this perspective you increase your chances of launching an unsuitable concept, product or service on the market. Refining your idea and determining a strategy takes time. The rush to start your business as soon as possible to make money will most likely make you miss certain preparatory steps for the establishment of the business, which are nevertheless essential.
  • Finally, even if your idea was good in the beginning, your hunger for money will definitely make you bad choices in the development of the business. A good entrepreneur should be able to give up immediate income by adopting a long-term vision. This can be done, for example, by keeping an application free to increase the number of users and then generate revenue a second time.

Entrepreneurs’ successes are often the fruit of their passion, enthusiasm and perseverance. Having money as your main motivation when you start out is probably the most effective way to fail miserably in your business and find yourself in serious debt a few years later…

Because you have enough money

This reason may seem surprising to you, but it gives you almost as little chance of success as the first. If you think money makes you successful, you’ve hit a wall. When you start your business, you must be willing to roll up your sleeves and not just sign checks. Of course, if you have significant resources at the time of the start of the business, you will be in more favorable conditions, but this is by no means an absolute guarantee of success. To say to yourself, “I’ll start anyway, with the money I have, the chance that I will fail is almost nil” is a very bad calculation. There are so many things that go into running a business that money cannot buy. Having money is a good thing to start with, but it is by no means a sufficient reason. Once launched, there’s nowhere you can buy the passion, creativity, ingenuity, and resilience necessary for the success of your business.

Because you want to have time for yourself

Another very bad reason to become an entrepreneur: wanting to have time for yourself. Again, if this is your primary motivation, you can quickly become disillusioned. The ability to no longer have to get up early, have a flexible and ultimately sparse schedule is, of course, a very encouraging prospect. Unfortunately, it’s not really compatible with entrepreneurship (exceptions, of course). In most cases, the entrepreneur has to get up early, but also often goes to bed late and works on weekends. He remains constantly alert and open to opportunities to improve the company. There are certainly entrepreneurs who take it easy, and have been doing so since the company was founded, but they are of course the exception.

Because others do

Whatever environment you live in, the chance that you know entrepreneurs from near or far is enormous. You might think that this phenomenon does not exist, but still, some people try to start their business just because they know someone who has done the same. It seems absurd, yet many entrepreneurs (with a volatile career) are born this way. Even if the entrepreneurs you know shower you with advice, nothing says you too will be successful. It is a lengthy process that enables the entrepreneur to manage his business. He begins to think about the possibility of starting a company, he comes up with an idea, he refines it, he trains himself, he discovers… and after a while he launches himself. When you see someone succeed, it’s not easy to visualize the steps leading up to their success. Don’t listen to the “you have to start too” if entrepreneurship is not a deep and thoughtful desire. Being proud for a week and being able to say to everyone, “I started my business, it’s good” won’t help you if you wreck the same business a few months later.

Leave a Comment