📈 Why You Should (or shouldn't) Start a Business

Many people dream of starting their own business. They’re sick of their boss, not earning enough money, not having enough flexibility, etc.

Is entrepreneurship the right lifestyle for you?

For me, Greenbox Storage has been one of the best decisions I’ve ever made. It has allowed me work remotely, seek limitless earning potential, and enjoy extreme flexibility in my day to day life.

But it’s not all sunshine and roses. Here are some cons of entrepreneurship.

Cons of Entrepreneurship

1. Financial Risk: Starting and running a business involves financial risk. There's a chance of losing your initial investment and incurring debt if the business doesn't succeed.

2. Uncertainty and Instability: The business world can be unpredictable. Market conditions, competition, and economic factors can all impact a business’ success.

3. Long Hours and Stress: Entrepreneurs often work long hours, including weekends and holidays. The stress of managing a business can take a toll on mental and physical health. It’s Christmas Day and something goes haywire, you’re working. 365 days a year, 24 hours each day, you’re working. There are no breaks!

4. Initial Investment: Starting a business sometimes requires a significant upfront investment of time and money. If you’re launching a product offering, this is typically the case. A way around this is to start a service business, because they typically don’t require a lot of capital.

Pros of Entrepreneurship

1. Independence and Autonomy: Entrepreneurs have the freedom to make their own decisions and control the direction of their business. They are not bound by the rules and regulations of a traditional job.

2. Financial Potential: Successful entrepreneurs can earn significant profits and financial rewards. You may earn a 5% raise each year at your W-2, but in business, you have much greater earning potential.

3. Personal Growth: Running a business is a tremendous opportunity for personal growth and development. It fosters problem solving, time management, leadership, and communication skills. Entrepreneurship can be a vehicle to become your best self.

4. Flexibility: Entrepreneurs can often set their own work schedules. There is no rigid 9-5. You can workout whenever you want, go to the movies at any time, take a nap whenever you feel like it, etc.

Now it’s your turn to weigh the pros and cons. For me, the stress that comes with running my business is worth it 100x over.

If you’re ready to make the leap, studying the Startup Toolkit is a great place to start.

You’ll greatly improve your chances of success if you start your business with with a step-by-step guide for exactly what to do.

Whenever you’re ready, there are 3 ways I can help you:

1. The Startup Toolkit: This comprehensive course provides you step-by-step directions for how to launch and grow your startup. Through trial and error, I’ve developed these methods to grow my startup to $1M+ revenue.

2. 1-on-1 Startup Consulting: Serious about launching / growing your startup? Get the personalized help you need. 30-minute and 60-minute session available.

3. Promote your business to 1,400+ subscribers by sponsoring my newsletter.

Cheers,

Collin Rutherford

PS. What we have here is a witch…