Coping with Lifestyle Changes As an Entrepreneur

There’s one thing you can pretty much count on when you work in a traditional job setting: predictability. You go to work, do your job and get paid once or twice a month on average. That usually happens whether your employer makes a profit or not.

Working for someone else might feel more secure in that you feel confident your bills will be paid. But as any one of the millions of people who lost jobs when the economy took a nose dive and they’ll tell you this is a false sense of security. Some had been loyal employees for decades—something that matters very little when the company you’ve helped to sustain can no longer stay afloat.

A dark cloud settled over many a household early this century as hard working people lost jobs only to discover technology was replacing certain occupations and some of these jobs were never coming back. Older Americans and those with limited skill sets found themselves perplexed as to what to do next.

But many have discovered, as a new economy births itself, there’s always a silver lining to every dark cloud. Old ways of doing things might be obsolete, but cutting-edge technology is allowing for stronger, newer and more efficient methodology to replace it. As our world evolves, we also see the resurgence of entrepreneurism.

Entrepreneurism, although refined, is nothing new. Throughout history, humankind has survived and thrived through entrepreneurism. Hunter-gatherers traded goods and services, and eventually farmers traded with carpenters and tailors. The contemporary entrepreneur does the same.

The biggest difference between working for someone else and working for yourself is in the area of responsibility. Whereas an employee is not responsible for the business he/she works for, an entrepreneur is responsible for everything. Paying for inventory, keeping the lights on and making sure goals are met all fall on the shoulders of the entrepreneur.

One of the challenges new entrepreneurs face is coping with lifestyle changes brought about by being the guy or gal in charge—the buck starts and stops with them. Leaving your work at the office isn’t as easy as it was when they just had a job. Schedules change, costs rise and decisions must be made. The entrepreneur must be focused and flexible in a way employees will never know.

Are you a new entrepreneur or considering starting your own business? You don’t have to go it alone. There’s support. Watch this short video!

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee, http://www.123Employee.com. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Business Live! http://www.BeyondBusinessLive.com inspires entrepreneurs to meet challenges head-on in with revolutionary new theories and systems allowing them to design the business and personal lifestyles of their dreams.