Financial Sacrifices — Another one of the cons of being an entrepreneur is that all business-related expenses and overhead costs are your responsibility. Think you have a great idea for an app? Yes, it will take a lot of time, energy, hard work, persistence, and dedication to become a successful entrepreneur.
You get to use your strengths in the way that you believe are best. Employees are constrained by a specific salary or hourly rate.
When you decide to take the plunge to become an entrepreneur, then you are giving yourself the ability to fulfill your aspirations, goals, and passions as an individual.
If you think there is an idea that you can follow, then go after it with everything that you have. Sit on the beach in the sunshine.
Many first-time entrepreneurs make the mistake of planning their income on the good times instead of the bad times and they pay for it dearly. If there is a market demand for your services, then you have the chance to make some money.
You never know where the next competitor might show up and take some of your market share.
You get to be the boss of your environment. Cons Administration. There are VCs and angels out there who are willing to take a chance on an entrepreneur — if you structure your business as a corporation.
The only roadblocks that get in your way are the ones you allow to be there in the first place.