Entrepreneurs have it made, you think, striding away from the 9-5 job you just quit. You fully intend to build your own business from the ground up – and you can already imagine the wealthy, fulfilling lifestyle that awaits you.
Finally, you don’t have to wake up early or stay late at the office. You can set your own hours, workload, and even your own pay. You can practically picture the funds in your business account stacking up as customers flock to you. It’ll be your money, and you’re excited to have the chance to pay yourself the profits. You don’t factor into your daydream, as you meander towards your home office, that you’re probably not going to see a influx of clients for several months at least, or that you might not be able to do more than break even for the next few months.
Too often, people buy into the myth that being an entrepreneur is lucrative and relaxing. In truth, it’s stressful and confusing. The fact is, your business account isn’t your own personal piggy bank
, and you’ll have to spend a considerable amount of time coming up with a fair salary for yourself.