Many entrepreneurs leave their jobs to open their own businesses because they crave freedom and the ability to spend their time as they please. They want to be the ones in charge and making decisions instead of answering to another leader.
However, it’s important to remember that just because you decide to go out on your own and become your own boss doesn’t mean that you’re automatically going to be rolling in cash.
In fact, it’s typically quite the opposite.
Think of it this way: What you might not have in wealth right away you make up for because you’re the one calling all the shots now. You now get to decide who you hire, who to fire, what cases you take on, the campaigns you run, and everything in between.
You don’t have to ask anyone for permission anymore.
Does that mean you can roll into work at noon and just not show up on some days? You certainly can, because that’s your decision, but keep in mind if that’s the route you take, your firm likely won’t be in business for long.
It’s important to remember that when you open up your own law firm, you trade some headaches you used to have while working for someone else for new ones that you have to deal with completely on your own.
With great power comes great responsibility, and it’s now up to you to strategize how you’re going to grow your firm, how you’re going to find the best people to work for you, and even how to create a culture you’re proud of.
Entrepreneurship is not for the faint of heart.
I believe you have to be somewhat psychotic to even want to become an entrepreneur.
There’s a lot of risk involved, and you almost immediately go from working a 40 hour per week job to working 100 hours per week. However, as challenging as it can be, it could become one of the most rewarding things you’ve ever done. Trust me on this.
But before you go out and make some rash decisions, I encourage you to revisit why you’re considering leaving your current position to forge your own path. Are you willing to bet on yourself?
The grass may look greener on the other side, but it’s really greener where you water it.
