The Cost Of Entrepreneurial Independence

Published by Mike Michalowicz (Google+)

How To Become An Entrepreneur

The Cost Of Entrepreneurial Independence

In the spirit of America’s July 4th birthday, I wanted to share a thought about entrepreneurial independence. After all, it is the great promise of entrepreneurship: Start your own business and you do what you want.

The good news is it’s true. You can do what you want as an entrepreneur.

The bad news is, it requires big time sacrifice. Maybe you have an oppressive boss, like England was toward the American colonies. But he is paying your salary, your health insurance (or part of it), your business expenses and your vacation time.

Are you ready to sacrifice a steady paycheck? Can you really afford your own insurance? Can you afford rent, office supplies, travel expenses, phones, internet access, etc.?

Are you ready to work, sans vacation time, for a long, long time? Entrepreneurial independence comes at a price. You must be willing to sacrifice all the comforts and security of your past life. And you better be ready for the fight of a lifetime (with your mere rag-tag army).

Independence is truly wonderful, but to achieve it you must pay a big price. Pull it off, though, and you may just be the next superpower!

By Mike Michalowicz, Author of The Toilet Paper Entrepreneur

Category: Events, The Right Actions
Tags: , , , , , , .
  • Michelle Villalobos

    The great irony is, had I known all of that in the beginning — I might not have started in the first place!!

    Love your blog, Mike ;)

    • Mike Michalowicz

      @Michelle – so true. If we just knew what was involved… we wouldn’t do it.

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  • Ed Wiernasz

    All so true, but if you are successful nothing feels better.

    • Mike Michalowicz

      @Ed – true dat!