True, you will become your own boss. But
for months and even years, that choice will mean less freedom and fl exibility for you, not more. You won’t control your own life; your new business will do that for you. After all, when you only have two customers, you don’t tell them you can’t meet Monday at 5 pm. You smile when they show up three hours later. In your heart, you may be flying free, but in the trenches, you’ll still be taking orders – just from a new set of bosses. Another bit of wishful thinking is something you don’t mention, but is common too – it purports that entrepreneurship bestows financial independence. If only! Unless you’ve built up a pile of savings, no one is more “owned” than the founder of a start up. We recently met an entrepreneur whose venture was stalled because she was loath to give more equity to private investors or venture capitalists.
For Complete IIPM Article, Click on IIPM Article
for months and even years, that choice will mean less freedom and fl exibility for you, not more. You won’t control your own life; your new business will do that for you. After all, when you only have two customers, you don’t tell them you can’t meet Monday at 5 pm. You smile when they show up three hours later. In your heart, you may be flying free, but in the trenches, you’ll still be taking orders – just from a new set of bosses. Another bit of wishful thinking is something you don’t mention, but is common too – it purports that entrepreneurship bestows financial independence. If only! Unless you’ve built up a pile of savings, no one is more “owned” than the founder of a start up. We recently met an entrepreneur whose venture was stalled because she was loath to give more equity to private investors or venture capitalists.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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