Career advice and pathsCareer adviceEntrepreneurship and self-employmentBenefits and Challenges of being an entrepreneurBENEFITS AND CHALLENGES OF BEING AN ENTREPRENEUR
Independence and freedom: you are your own boss, free in your choices and decisions and implement your own ideas. You organise your own schedule.
Satisfaction: working in a field you love, providing a solution to a client's need, becoming a source of inspiration through your success, etc. gives great satisfaction and pride.
Financial autonomy: if you are successful, your income will be substantial and will guarantee you financial autonomy.
Choose your employees: you set up and recruit your own team according to your preferences.
Unlimited working hours: you will not have fixed working hours and your private life may suffer, hence the importance of good organisation and self-discipline.
Financial insecurity: if your business takes a long time to become profitable, you will have a low and irregular income; if you go bankrupt, you will lose the capital invested.
Stress: caused by the search for financing, the loyalty of customers or suppliers, the success or failure of the project.
High pressure and stressful situations are guaranteed: due to the competition; the numerous charges: rent, salaries; your responsibilities (finding partners/clients, coordinating the team, accounting, etc.); and even jealousy and envy from the people around you if you are successful.
