Do you think being and Entrepreneur guaranty total independency?

[Mataracy]

Entrepreneur can be describe as a way through which an individual set up a business and manage it alone .
I belive that with this definition one can say that an entrepreneur is independent of it itself because he or she can take decision alone but also face the risk alone.

But this days I can see that some entrepreneur are not independent due to some things which they have deep there hand in to like borrowing loan from Bank, friends or cooperative and this body can allow allow such an individual to rest .
Some times they will be monitoring such an individuals until when the person paid all the money hr or she owns them.
Along this period i belive that such an individual is not totally free because of the debt.

Do you think an entrepreneur is totally independent?

 

[Deleted member 13140]

The alone part isn't really through, except when you say alone you mean just having a small business only you can run, because if you want to build a massive business, honestly I don't think you'll ever go further enough with asking for funding, that's just the truth, but if you're just going to start a coffee shop or let's say you buy a transport vehicle and employ someone to use it and pay you daily or weekly, or either building a restaurant or hotel, this business are ones which you could run alone. But creating a huge company must require funding at some point along the way, and funding means selling a certain percentage of the company. And besides you'll have to run by some decisions to stalk holders before making them, or if yoj employed digital agencies, they'll also need to make decisions, so you're not fully independent as people say.

 

[digipreneur]

There is the possibility but it is not guaranteed that after being an entrepreneur you become your boss. After being an entrepreneur you become the servant of the public and you have thousand of bosses above but in the job, there are few bosses above you. but the entrepreneur is only working for passionate people and not those who don't have ant dare in life and want simple life like in your job you have security that you going to make your career prospects but in an entrepreneur, there is too much risk and also too much fun. so it depends on n you want from your life no one else can decide what you want from your life so if you like to take risk and have the ability to take risks so you only need to try entrepreneurship and all you want you to want in last all the best for your career.

 

[Sotherefore]

There are so many things that should be considered when you are an enterpreneur and the most important thing is just your ability to organise and plan out your business . When your business is moving perfectly the possibility of making money will be higher. That is why planning is always very important thing in a business organisation. When there is good business plan there is likely a higher possibility of success.

Another thing that could determine your success as a business owner is your location , there are some industrial location that could possibly improve your business and takes it to the next level , but some location might completely be the other way around in some business. Anyone who is interested to start up a business need to have a good location first as it is the most important factors . when the location is good a possibility of making profit in business will be higher.

If you are an entrepreneur and your business really succeeds , yes that's a total independence because you won't want to have any other source of income except just want to have extra ,but as long as your business is generating profit you are automatically independent.

 

[moonchild]

Nowadays people derive more pleasure when they're called entrepreneurs than doing the entrepreneurship and that's deep.

Independence is relative to everybody, it's not a one size fits all, many great entrepreneurs around the world today, collect a lot of loans and funds from investors but this doesn't mean they're not true entrepreneurs or they're not independent.

If you can use what you have efficiently and make profits from it confidently, then it is okay to take on loans and venture capital funding.

I want you to understand that entrepreneurship is a journey and no one can say he has get to end, except maybe when one retires, so taking on loans and funding is all part of the journey of being.

I think those that get flagged because of loans don't really have what it takes to be entrepreneurs and maybe their business is not even started based on fulfilling a need and those that gave them loans did not do their due diligence.

It's very important to understand the kind of business we even get into in the first place, is it worth it and is there a demand for that or we are just doing it because others are doing it, this will help in keeping us in check and to become Jack of all trades

 

[Shaf]

Freedom to do as you want, especially with your time is one the main things that motivates people to start a business instead of working for someone.
Having a business means you have that freedom, alongside freedom to do as you wish with your money, ideas and everything else.

The catch here is that not every business is successful and that's where the freedom you once aimed for gets wrenches away from you

A poor and struggling business can be more time and money consuming than a job. You have to work on doing everything instead of focusing your expertise on just one area, another thing that can reduce productivity and take more time away from you.

So yes, having a business can guarantee freedom but only and if the business is successful and runs as intended.

 

[eldavis]

Well I would say it depends on how you look at it though. One could also say talking a loan means they are independent to take such a decision in the frist place. The main idea of being independent is to be able to make decisions by yourself and most importantly you are willing and ready to cope with the end result of such results. Does who take loans are very much aware of how it would be afterwards but they went ahead.