The Cost of Being an Entrepreneur

Posted on January 5th, 2010 by tim bursch. Filed under entrepreneur, ideas.


Are you a freelancer? Small business owner? To keep going with the Village idea, I often think about the cost of venturing out on my own.

Most people are working for a living. The challenge with the entrepreneurial journey is that we are the single point of failure in our own business. If something happens to us or we miss work it means lost time, opportunities, money and security.

I wonder though, could some of these costs be mitigated by working more in community. Not necessarily co-working, although I think it might be one model. What if I am a realtor in this village and I have a showing, but my daughter has a special school event? A big cost in my book. Could a person in the Village, not even the same profession, cover for the showing and let the Realtor see his daughter? Maybe.

This village would take time and trust to build. Maybe we are already building it through digital connections.

What do you think? What is the cost and how could it be shared?

Image credit: psyberartist

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  • I find myself with the same fears and thoughts. We ARE the single point of failure, which is a frightening as well as awesome thing. The upside is that we have control of our brand and company and are free to create a company that churns out great deliverables and happy customers.

    This community you speak of takes a long time to build but is the currency through which we'll prosper in this new "trust" economy. As a matter of fact, it's a point Mitch Joel makes within the first 100 pages of his new book, Six Pixels of Separation. Good post!
  • Josh,
    Thank you for joining the conversation. There is a both-and being an entrepreneur. Risks and rewards.

    It seems like lasting community really does take time and is formed, not built.
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