A lot of people will come across an idea for a business in their lifetime. Most don’t even bother acting on it. Out of the few that do, most of them fade out for various reasons. One of the most common yet unforeseen reasons is the number of sacrifices you will have to make.
When people dream about launching their own company, they think about things like being their boss, cutting a ribbon in front of a store, showing off to their friends, and vacationing in Hawaii. They seldom picture the sacrifices they will have to make to have a shot to obtain all of those things. Before you start, you must determine what you are going to and willing to sacrifice.
Your new venture will require a significant amount of time. Where will it come from? What events will you stop going too? Time is finite, and you can’t get it back. It will require money. What luxuries are you going to forgo? It’s going to need your energy and attention. Are your loved ones ready to see less of you? Are they prepared to pick up the slack you will leave behind?
Starting a business includes sacrifice. Before you begin, you must identify what that looks like for you and determine if you are up to the challenge.