Corporate Job are Good…Startups are Better ….But Working For Yourself is the Best….
I was working for one of the top banking firms…
A banking life where you miss out on everything and everyone in life, except Excel spreadsheets…as I Say A life packed in a suitcase…..
A fancy business life we are taught to be ideal student of, at top business schools whose degrees we are proud to hold…
After few hours of sleep, the private driver was taking me to the airport so I could take my fancy business-class flight to Mumbai. Upon arrival, I was checking in to a fancy five-star hotel and heading to my client’s office afterwards.
Relatives & Loved Ones..
There was something wrong with this banking life, though. I couldn’t stand this lifestyle any longer and one day I called my Loved Ones:
“Uncle,Aunt, I just quit my job. I want to start my own startup.”
My aunt was Shocked..?. It wasn’t the first thing aunt wanted to hear after encouraging me to graduate from the world’s top business schools with top grades.
I tried to ease her distress. No chance….
“Aunt, I hate it. All these Bankers are pretending to be happy and they are taking happiness pills. I get to sleep only 4–5 hours a day. All those benefits the company promised don’t exist. Remember the excellent five-star hotel? I am working almost 20 hours a day and I don’t even enjoy it. Wow breakfast? We never have time to have that. Fancy lunch, dinner? It’s just a sandwich in front of our Excel spreadsheets…..
Oh, by the way, instead of enjoying a Cocktail, I stare at spreadsheets having financial models during my entire business class flights, too. The fancy salary? I never have time to spend a single penny of it…
I hate my life, Aunt, it’s such a loser life. I don’t even see my boyfriend. I can’t fake it anymore. I want to start my own business.”
I asked myself Why the heck i should Work so hard for anyone ….I should rather do it for myself…..
My Uncle had retired after years of a 9–6 working routine at their secure and boring jobs….
I knew that coming from a family with no entrepreneurial background, it would be difficult to explain my situation to them, but I didn’t expect the call next morning……
It was my aunt on the phone:
“Sooooooooo, how are you doing? How is Your business doing ? Is it growing?! or Not….”
No matter what I said, I couldn’t explain to her that a business needs more than one day to grow…..But I Knew that she Asked me as She Cared for me..
Friends & Social Circle
Having had the most supportive friends ever, it was now time I shared the news with my friends who were busy climbing the fancy career steps in the fancy corporate world.
I told everyone that I just quit my job to follow my startup dream. Some of my friends gradually stopped seeing me, probably because they thought there was something wrong with me since it was the second “fancy” job I had quit in a short period of time.
While the rest of my friends were supportive, there was, however, still something wrong with my relationship with them:
I soon realized I was starting to pull myself away from social gatherings.?..I was Isolated…
Every time I met with those friends, I didn’t have many updates to give them in response to their repeated questions, such as, “So, how is your startup going? You are going to be the next Larry Ellison, right?” “Oh girl, we are so proud of you and we are so sure you will soon receive a huge round of investment.”
Doing a startup was a long journey and I was putting myself under so much pressure by giving such a shit about what other people think.
Day by day, I was getting lonelier and more depressive as I avoided social occasions. My startup progress was not as fast as my social circle imagined it to be and I was fed up with telling people it took years for startups like Google,Oracle and Twitter to arrive at where they are now.
The only comfortable place was next to my few entrepreneur friends. It was true, only an entrepreneur could understand an entrepreneur.
Cash, Cash is King ?… I should have known This…
As if the social pressure and loneliness were not enough, I was meeting the grandmother of all stresses: running out of cash much faster than I had imagined….
This was killing my productivity and ability to make proper decisions. I was panicking and rushing to be successful and to make money.
One day, I even found myself asking my friend for a few cents because I had no money to pay for my rent… I didn’t know it was just the beginning of such a difficult life full of ups and downs…
Today…Where Am I Standing Today…
More than one and half years have passed since those days.
I am now writing this blog post in a beautiful resort in Rajasthan, India, while enjoying my Cocktail. “What a cheap way to brag about your success,” you might be thinking.?
But wait, I am not selling a dream…. No, I haven’t become a millionaire startup founder….But I Have found what I Wanted..?…I am So Happy..Just Wanted to Share My Happiness…
However, my business has a consistent stream of cash that allows me to travel the world and to work from wherever there is WiFi & my Laptop.
There are, however, few things I wish I had asked myself before starting this painful journey.
Five questions I believe every future entrepreneur should ask himself/herself before taking the first step to entrepreneurship:
1. Are you ready for the social pressure?
If you have friends and family who are not entrepreneurs, they won’t truly understand what you are trying to achieve and the public pressure will be even higher.
I cared so much about what other people think of me– so much that it ruined my life.
I was so hard on myself and punished myself with even more work so I could announce my success as soon as possible. That is, until the day I realized no one gave a shit about me, so why should I?
You are no more than a few seconds of attention other people give to Whastapp status. In 2015, no one has time to care about others in such a crowded, noisy world….
If you care so much about what others think, you will waste your time trying to prove that you are successful instead of focusing on your startup.
Get a life. I got mine quite late…….But I am Glad…?
2. Do you have a Partner or … are you single ?
As we grow up, we share more of our life with our partners than with our friends or family. While I was lucky to have such an amazing boy, it was so sad to see many of my entrepreneur friends breaking up with their boyfriends along the way.
Doing your own business is tough very tough.. — way tougher than I could have ever imagined. Your mind is constantly poked up with a million things going on inside and no other person, including your partner, has a single clue what is going on in there.
If you are not single, make sure your partner understands it’s sometimes normal not to have a mindset even for a simple hug.
Yes, for a simple proper warm hug…..
3. Do you have minimum cash which could at least last a year?
Good, then multiply that amount at least by three because you will be running out of your savings way faster than you ever imagined. Along the way, there will be so many hidden costs, accountant fees ,broken PCs, etc.
Get ready for a smaller apartment, smaller food portions, or counting your cents, which you never cared about in your life previously.
The last few months before you totally run out of your cash will be especially difficult and the pressure will grow so exponentially that you won’t be able to sleep properly.
Success will come slowly, and cash will burn fast. Be smart — plan from day one.
4. Are you ready to sleep only few hours a day?
Having escaped from the corporate banking world, I was thinking I was finally going to live the dream by working whenever I wanted to work — until I read Lori Greiner’s following quote:
“Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week.”
It all started by little wake-ups in the middle of the night. At the beginning, it was because I was too excited about my ideas and I had so many of them. I simply couldn’t wait for the morning to arrive so that I could start working again.
Then came the exaggeration phase. I was working so much because I never had enough of working for my idea and I wanted to do more. However, the more I worked and the later I went to bed, the more difficult it was to fall asleep and the lower the quality of my sleep became.
As a result, at least two or three days of every week I was having days with almost no productivity.
Don’t be fooled by my fancy Facebook picture above. Don’t be fooled by over-hyped funding news about startup founders becoming millionaires…
The stories behind the scenes have so many painful days, sleepless nights, and continuous rejections and failures.
The journey to success is long. Very long. Very often, too long….
5. How do you define your success?
Success is a Relative Term…
Each of us has a different priority list in life. For most people, money is the number one priority on the list, while work-life balance is higher for others. Consequently, people define success differently….
Depending on your definition of success, the difficulty of your entrepreneurial journey will differ, too. If money and public success are what matters to you the most, you are likely to have a hard time along your journey.
Remember Hemingway’s wise words:
“It is good to have an end to journey toward; but it is the journey that matters, in the end.”
Successful entrepreneurs are not necessarily those who raise millions of investment rounds. Don’t forget, they are one in a million.
There are, however, thousands of dreamers out there who manage to bootstrap their startups or live so well off on their own, but even they do not achiev highs…
No matter how much your journey destroys up your life or how difficult it will be, enjoy the ride and keep following your passion….
As Tony Gaskin puts it perfectly:
“If you don’t build your dream, someone will hire you to help build theirs.”
At last just Wanted to Say : Best of Luck ?…