However, my startup has a constant stream of cash that allows me to travel the world and to work from wherever there is wifi.
There are, however, five things I wish I had asked myself before starting this painful journey. Five questions I believe every future entrepreneur should ask himself 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 fuck about me, so why would I?
You are no more than a few seconds of attention other people give to a Facebook status. In 2014, 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.
2. Are you single or do you have an extremely supportive partner?
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 girl, it was so sad to see many of my entrepreneur friends breaking up with their girlfriends along the way.
Running a startup is tough – way tougher than I could have ever imagined. Your mind is constantly fucked up with a million things going on inside and no other person, including your girlfriend, 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 kiss. Yes, for a simple proper French kiss.
3. Do you have enough cash to last at least 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, lawyer needs, broken iPhones or 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 consulting 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 too 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 Instagram 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.
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 ranks 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 make it to the top of tech news.
No matter how much your journey fucks 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.