The First Year Entrepreneur's Job Application
Updated: Aug 13, 2020
Being the boss is not for the faint of heart.
Want to be your own boss? Apply here.
“That’s so cool that you work for yourself! I have always wanted to do that.”
This is the standard reaction when I tell people that I started my own company six years ago. It sounds liberating and glamorous, but the reality is a bit more daunting. There are roughly 329,000,000 adults in America, and around 5,000 are Entrepreneurs. So, 2 % of us.
Are you ready to become an Entrepreneur? Here is your new job description.
You are your own boss.
You get to create a company culture and brand that you love.
You will be able to share your personal vision with employees and clients.
You can enjoy the satisfaction of knowing that you are a badass who is willing to take a risk that 98 % of people never will.
Salary, bonus and other forms of compensation are never guaranteed
Any expenses that outweigh revenue will result in debt to the Entrepreneur until enough revenue is earned to pay back these expenses.
No paid time off
No retirement plan
Hours of Work:
24/7 as suits business needs
Duties include but not limited to:
Congratulations, you are now responsible for EVERYTHING!
Sweep the floor, take the trash out, remove dead cockroaches from the bathroom floor (I have done this, and it is humbling.)
Personally fund all business expenses $$$$
Purchase supplies and set up all technology including phones, computers, internet, CRM and other equipment as needed
Find affordable vendors and negotiate contracts
Interview, hire, train, mentor, coach, discipline and fire employees
State, local and federal business registration and compliance (yawn)
Research and visit potential workspaces, negotiate lease and furnish/stock workspace
Website design and management
Create ALL branding and marketing strategies
Track all accounts receivable and accounts payable (double yawn)
Invoicing and collections
Find Clients, then keep them happy. Respond to their concerns and complaints with a time-sensitive and customer-focused mindset, regardless of validity. You do NOT want poor online reviews.
Act as Chief Financial Officer, Bookkeeper, and Accountant.
Serve as sole Public Relations Specialist including maintaining an active and positive social media presence
Create short and long term strategic plans i.e. GOALS
Network and attend industry conferences
Copywrite website and marketing content
Motivate yourself and any employees
Purchase insurance and handle legal issues as needed
**Entrepreneur will perform hands-on work in his or her area of specialty as needed to generate revenue. Once you have laid the foundation and set out strategic goals for your business, then you have to figure out how to make money.**
Please keep in mind that the aforementioned duties may change with the needs of your business. Be prepared to pivot, as they say, early and often.
Industry experience strongly suggested. Start your business in an area that you know and love!
Must have very high tolerance for financial and career risk
Strategic and flexible mindset strongly suggested
Willing to work up to 90 hours/week
Able to bounce back from consistent failure and rejection
Able to self motivate without ever receiving feedback, praise or guidance from a company leader.
Healthy coping skills including yoga, mindfulness, therapy, journaling, hiking, wine and/or Netflix. Keeping a sense of humor helps too.