You Don't Want To Start A Business - But It's Important That You Think You Do - How Money Works - Deepstash

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The Gritty Reality: Starting a Business Isn't for Everyone

The Gritty Reality: Starting a Business Isn't for Everyone

The journey of entrepreneurship is fraught with challenges that aren't often discussed in success stories. Data from the Bureau of Labor Statistics show that about 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years.

Only 25% make it to 15 years or more. This paints a picture of the high-risk environment that is entrepreneurship, requiring a blend of resilience, financial acumen, and a bit of luck to succeed.

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138 reads

9-5 Stability: The Underrated Dream

9-5 Stability: The Underrated Dream

A 9-5 job might lack the glamour of 'being your own boss,' but it comes with certain perks that an entrepreneur might not see for years, if at all. Regular income, employee benefits, paid vacations, and the relative security of a consistent job are crucial factors that contribute to a stable lifestyle.

For many, this stability is central to their well-being and allows for long-term financial planning, such as saving for a home or retirement.

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115 reads

Small Business Struggles: The Hidden Truth Behind the 'Success'

Small Business Struggles: The Hidden Truth Behind the 'Success'

It's often assumed that running a small business guarantees greater financial rewards than working for a salary. However, the reality can be quite different. Many small business owners find themselves working longer hours for the same or even less income than they would earn as an employee, without the benefits of paid time off or health insurance.

The financial pressure to keep the business afloat can be immense, with the Small Business Administration indicating that only about half of small businesses survive past five years.

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102 reads

The Entrepreneurial Myth: Are You Being Sold the Dream?

The Entrepreneurial Myth: Are You Being Sold the Dream?

The idea of starting a business is sometimes sold as a surefire path to freedom and success. This narrative is often pushed by those who stand to gain from the proliferation of small businesses: consultants, business coaches, and seminar leaders, to name a few.

These individuals may profit from the entrepreneurial dream, even when the reality for many business owners is quite different. It’s important for aspiring entrepreneurs to critically evaluate these messages and consider the source.

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83 reads

The Startup Hype: Separating Fact from Fiction

The Startup Hype: Separating Fact from Fiction

Startups are often glamorized in the media as the ultimate career goal, but the reality is that for every successful unicorn, there are countless others that fail. This disconnect can lead to a skewed perception of what starting a business entails.

It's crucial for potential entrepreneurs to undertake a sober assessment of the startup landscape, understanding that success stories are newsworthy because they are the exception, not the rule.

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78 reads

Why the Business Dream Isn't Always Your Reality

Why the Business Dream Isn't Always Your Reality

There's a societal push to idolize entrepreneurship, but it's not a one-size-fits-all path. Personal circumstances, skills, risk tolerance, and even the nature of one's business idea play a massive role in potential success.

It's essential to understand that the 'dream' of owning a business may not necessarily align with one's personal desires or lifestyle needs. It's about finding what fits for you, which might be the entrepreneurial route, or it might be a more traditional career path.

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77 reads

CURATED BY

dimitryaujour

I believe that the vastness of the internet holds content that can aid each of you on your path to self-improvement. My hope is to curate and deliver this content to you, supporting your journey towards becoming a better version of yourself!

CURATOR'S NOTE

I find this topic interesting because many people around me are beginning to develop their own businesses, and sometimes I wonder if owning a business is a modern trend and if the traditional 9-5 job is becoming a relic of the past.

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