Alright, come clean with it. You’ve been thinking about leaving your low paying job behind for a shot at the entrepreneurial lifestyle. You’ve been dreaming of becoming your own boss, right?

Well, if you’ve always made someone else rich, being an entrepreneur has its pluses. On the other hand, it’s not as pretty as it seems.

Embarking on your own adventure is both exhilarating and stressful at the same time. If you’re really interested in it and preparing for the long haul, make sure you know both sides of the coin.

You’re not the boss

What you are is the owner of the business. Even though you won’t have a higher up to answer to, you’ll have other people to meet with all the time. As an owner, your customers are now your bosses.

You won’t turn a profit right away

Running your own show isn’t something that’ll bring in the bundles of money right away. It’s going to take at least three years before you feel comfortable. Three years of blood, sweat, and tears. Starting a business isn’t for the faint of heart. It takes dedication and dealing with people on a daily basis before you can actually stake your claim within your industry.

You’re being paid the market rate

As a new business, you’re only going to charge what the market sees as fair. It doesn’t matter if you’re a seasoned pro, no one will pay you for something the other guy will do for half the price.

You’re not free

Your customers and the work involved to keep them happy will take up a lot of time. On the other hand, in general, you’ll be happier working for yourself than making the other guy rich. There are times when I stay up late just to get a project done, I remember thinking, “If my other job made me stay up this late, I’d be sick of it.” When you’re working for yourself, it’s totally different.