Yesterday’s post on lifestyle modification to be an entrepreneur touched off a series of interesting comments. One thing I want to clarify is that as much as I talk about entrepreneurship I do want to make one thing clear: not everyone should be an entrepreneur. Everyone that wants to be an entrepreneur, and makes whatever necessary sacrifices, should have the opportunity.
Here are some reasons why not everyone should be an entrepreneur:
- The high highs and low lows of the entrepreneurial roller coaster make for an exciting, but stressful environment
- The level of uncertainty and lack of information when making decisions is uncomfortable and disconcerting at times
- The high chance of failure is scary (failure should not be frowned upon and 90% of companies fail within five years and 95% of companies never reach $1 million in annual revenue, ever)
Each one of these reasons can be turned around as a reason why it is great to an entrepreneur due to the thrills of success, thriving on uncertainty, and beating the odds. Not everyone should be an entrepreneur but they should have the chance, if they want it.
What else? What are some other reasons why not everyone should be an entrepreneur?