By talking with a group of young people about whether they would ever think of starting their own business, author Dave Pollard found several common fears, which he has taken the time to debunk in a thoughtful article.
The one fear that stood out to me the loudest was that they were afraid they “couldn’t handle the loneliness”. Mr. Pollard responds very well, pointing out that they should definitely not try to be and do everything in a business.
“The entrepreneurs I know are the loneliest people in the world. They work incredible hours and have no time for anything else. They have to learn how to do everything themselves, because they can’t afford experts and consultants.” The biggest mistake a lot of people make in starting their own business is trying to do it all themselves. One-person enterprises have the highest rate of failure, largely because no one can know everything you need to know, or have all the requisite skills, to succeed in business.
This is something I’m coming to terms with, my desire to be the (cheap) hero and do everything myself. I know I have to get over this, but it is such a deeply ingrained tendency. “Of course I can do that, I’m smart enough to figure it out. I just need a book, or some advice.” Yes, I could do most things, (like accounting for a glaring example) but wouldn’t my time be more fruitfully and enjoyably spent growing my business?
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