Entrepreneurship is an exciting, celebrated & sought-after profession. More than being a profession, its a passion of individuals who really want to change the world through their services, products, ideas and make a lasting impact.
But with this bright side that is visible to all, including the people who embark this journey, entrepreneurship almost always has a painful, dark side to it that no one talks openly about, that a person entering this world is unaware of or grossly underestimates.
Before the riches, the celebration, the media coverage, the frenzy comes in, an entrepreneur has to struggle with daily failures, lack of resources for survival, family and friend’s pressure, social isolation due to lack of time, at the personal level.
And on professional side, an uphill task of convincing people to work for them & to join their vision and continue with it even when adversities hit in, an even tougher task to win customers who haven’t ever heard of you, to keep them happy and keep multiplying their growth while also getting access to capital without which any big idea can fail. Along with this is the onslaught of competition with newer technology, more money or any combination that could put an entrepreneur’s vision at severe risk. The breakneck speed at which all of this happens, these changes in an individual’s life who once was thrilled with his/her new idea, can throw an individual off balance and make a person susceptible to a host of emotional and mental health issues. Read more.
As a female franchise owner, is work/life balance possible? Are the competing demands of business and family too vast to realistically expect there to be a way to maintain control of both?
Surprisingly, many women franchisees say it is the move into franchising that has allowed them to find and maintain the sought-after work/life balance most of us aspire to. Read more.