Nov. 2, 2022
74. Who Should NOT Go into Entrepreneurship
In this episode Neel and Johnny answer the question: "Should everyone go into entrepreneurship?" (Short answer: No.)
Entrepreneurship has been so glamorized lately that it's made to seem that everyone can and should be an entrepreneur. Neel and Johnny offer some thoughts on why that's a bad idea:
- People with low risk tolerance won't do well — every day involves some kind of risk in entrepreneurship.
- People who have a 9-5 for a very long time (though a franchise might be a good fit in that case)
- Those who can't deal with constant setbacks will struggle — some weeks and months it feels like everything is going wrong.
Both Neel and Johnny advocate for everyone having a side hustle as a de-risking strategy, however, and even give a few quick side hustle ideas to get the ideas flowing.
Enjoy the episode!
