Entrepreneurship and sacrifice go hand in hand

by Ashvini on December 29, 2011 · 6 comments

in Entrepreneurship

When you become an entrepreneur, do you not lose on your current lifestyle? Isn’t it a lot of sacrifice

It is quite probable that if you are an entrepreneur , you have been asked this question once .

To an entrepreneur who is  faces a number of challenges , this is a very small one to worry about.  When I had money to invest in stock market, I was often asked “Don’t you think fixed income return deposits are better? Isn’t stock market risky?”

To them my answer was “Yes it is risky but so is driving a car on the road and playing cricket with a leather ball”.

Why are we scared to make choices in the short run that can really make a difference in the long run? There were times when I earned a lot and use to save as well. I could have gone ahead and spent it all At those times, however I saved money because I knew I would need it later. I invested the money in my business when I quit my job. Thus an important lesson in life according to me is that we need to sacrifice even when the times are great.

Another aspect of being an entrepreneur is to defer short term gratifications , even to the point of frustration. If I want to buy something that I love and its not necessary, I probably will defer the buying.

Having patience is very important. At the end of hours of your work, if things do not move in the direction that you want, the first thought that comes to mind is “Life is not fair”. Well, it never was. It is we who have to decide how do we turn it to our favor. You would be handicapped one way or the other. You will probably not have everything at any point in your business. You will have to decide what you need to let go and what you need to hold in order to achieve your success.

In the stock market for example , I lost money most of the time. But I learned new things then.

I used to analyze stock market fundamentally. That means I had to learn financial concepts which can put someone to sleep in a few moments. But because of them I was able to understand terms like ‘cash-flow’, ‘profits’ and revenues .

Thus risk taking is part of the entrepreneurship. You should be aware of it  when you make the decision to jump into it. You need to know that there will be hardships. You need to know that you will not make a salary for years.

Later on when you smell success, you will find that all the sacrifices you made actually added up to give you the success you desire. This is not just motivational talk but a reality. Think about all the successful entrepreneurs and you will see how hard they worked and how much they sacrificed.

About The Author

{ 6 comments }

Janet Callaway January 2, 2012 at 6:39 am

Ashvini, aloha. Great job on this important topic. People forget that there is risk in everything we do because there are no guarantees in life. Even if a person keeps doing the same thing, the same way, he/she has done it for years, the company could be sold and “poof, the job would be gone” or the company could downsize or go out of business with the same result.

To me, if I am going to “risk” I would rather take that rick on myself rather than someone else. If I am responsible, I can choose what, when and how I make changes. If I want more money, I can choose to work more effectively, make more sales, cut costs or any number of other items to increase the return of cash to my pocket.

Ashvini, I would rather do without now or make sacrifices rather than regret down the road that because I chose to buy ______, I did not invest in my business and thus my business failed.

Wishing you a new year filled with exciting projects, interesting people, vibrant health, happiness in your heart and abundance in all that matters to you. Hauoli Makahiki Hou. Janet

Ashvini Kumar Saxena January 2, 2012 at 2:01 pm

Hey Janet,
Really happy to see you here and I wish you a very very happy and prosperous new year.
No one could have put this in words better than you did. Delaying gratification now so that we can enjoy the fruits of success later on is the right thing to do.
Taking calculated risks thus becomes important. Not only we learn to create businesses but also to run things on optimized mode.
Your business acumen and your experience speaks a lot on this subject. Thanks for your comment and hope to see you back :)

Aswani January 1, 2012 at 1:19 pm

Ashvini, you have chosen a great topic of discussion. I think I need to learn a lot from this post. Honestly, I haven’t been making much sacrifices which I should have and it is one of the major reasons why I feel I am in a trap. I know I can get out but somehow it isn’t happening at present. Yes…maybe I am not willing to take risks or maybe I am too lazy to act. I was also advised by one of my good friends to get out of my comfort zone if I had higher expectations in life and honestly, I do have. Just need to be more focused and positive on my goal..!!

Ashvini Kumar Saxena January 2, 2012 at 2:03 pm

Hey Aswani,
It is so important to make sacrifices now so that we can win later on. Laziness happens when we don’t plan and even if we do , don’t act on it. If we constantly measure ourselves then we can win the day.
I am sure new year is going to bring you a lot more good things :). Thanks for your comments and a happy new year :)

Praveen Rajarao December 30, 2011 at 12:43 am

Hello Asvani,

This is my first comment on your blog, I followed you here from Carolyn’s WonderOfTech.

I agree with your thoughts, but I also feel that not only entrepreneurship, but every successful venture a man makes in his life, needs a lot of sacrifices. Those may come from his personal family front or with his social front, but sacrifices are always there. I would more aptly call them compromises than sacrifices. What do you say?

Ashvini Kumar Saxena January 2, 2012 at 1:57 pm

Hey Praveen,
Welcome to my blog. I am really happy to see your comments here :).
I agree with your 100% on all aspects of life. This blog is on entrepreneurship that is why I kept my focus on it.
I feel compromise has a different meaning. According to project management concepts, compromise is often a lose lose situation. When we enjoy our work and even when our family is on board , we find that we have to compromise lesser than before. I think a good entrepreneur needs to navigate difficult waters of business while also facing the challenges posed by family and friends. It all comes as a part of package and may not be called a compromise because in the end all sides ( including the family) benefits when business becomes successful eventually , provided they understand it quickly :).

Comments on this entry are closed.

Previous post:

Next post: