For those working menial jobs or putting in 100-hour weeks for corporations, the lure of starting your own business can seem like a great way to get more flexibility, upside, and ownership.
Sentiment: NEGATIVE
The life of a startup is full of ups and downs, an emotional roller coaster ride that you can't quite imagine if you've spent your whole career in a corporation.
Starting your own business isn't just a job - it's a way of life.
You know, a lot of people are just interested in, in building a company so they can make money and get out.
Starting my own business was kind of a wakeup call in a number of different ways. I had to meet a payroll every week, and we had to satisfy customers, and we had competitors that we had to compete with in order to have those customers come into our stores, and we had to compete with other employers for our employees.
The recession's high unemployment rates may have encouraged people to start sole proprietorships, but there are many obstacles in the way of growing a company to create jobs.
What I've learned in my career is that it takes the same amount of effort to build a $10bn company as it does a $1bn company; you as the entrepreneur are going to put your entire life, your entire effort into it.
Great companies start because the founders want to change the world... not make a fast buck.
There are immense numbers of potential entrepreneurs who can start their own businesses among the people who are working in large organisations.
The opportunity for an entrepreneur to start a company from scratch today is abysmal.
It's better to take over and build upon an existing business than to start a new one.
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