Choosing to be an Entrepreneur

Choosing to be an Entrepreneur

Lifestyle | Posted by - October 2, 2013 at 12:00 am

When you choose to be an entrepreneur you had better LOVE what you are doing and you had better be having FUN doing it because it is ALL CONSUMING. By the way...I love that.

One thing I learned very early on in my career is that energy comes from passion and passion is essential when you choose to live life as an entrepreneur. You can be passionate about almost any job, but as an entrepreneur it’s all on you. Yes, you have trusted advisors (if you are smart) including family and friends, and you may have a few or even several bright and capable managers on your team who you work closely with and listen to, but every day you face countless decisions which only you as the person in charge, the principal, the founder, the CEO, the shareholder, the investor, all of the above, can make and will make.

I am often asked about the risks I take. The risks of hiring the wrong people; the risks of making an acquisition; the risks of investing in a new market or developing and launching a new program. It’s funny, I don’t really see these as risks. These are decisions I need to make to build the business and move it forward. I can choose to make these decisions or I can choose to make other decisions. I am completely free to decide either way so when I choose to make a decision about an investment or an acquisition, I don’t see it as a risk, I see it as freedom of choice about pursuing opportunities. Oh, but there are risks – the risk of not making a decision; or the risk of making a decision too slowly. These are a couple of the biggest risks. It’s about a belief in what we are doing and the consequences or benefits from those decisions. I’m not cavalier about any of these decisions. I do what research and analysis I can but decisions are almost never obvious or easy. As an entrepreneur, however, you have the freedom to choose to see the opportunities versus the risks in every decision you make. Is the “glass half full or half empty?” It’s not cliché, it’s a mind-set.

When Arlene says being an entrepreneur is a lifestyle choice and there is no separation from work and every other part of your life, she is bang on! It comes, as we say in the travel industry, as an “all inclusive package.” It's a lot like the old saying, “In for a penny, in for a pound.” There quite simply are no 9-to-5 entrepreneurs. But what a lifestyle ride!

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Tags: analysis, choice, entrepreneur, hiring, lifestyle, michael merrithew, research, risks, traits

Michael Merrithew
Michael Merrithew is Founder and CEO of Toronto-based Merit Travel Group. Michael started Merit Travel after more than ten years working in sales, marketing and corporate strategy consulting in Canada, the U.S. and Europe, completing his MBA in Switzerland along the way. In addition to organic growth, Michael has completed more than 25 acquisitions.
Wai Law
November 9, 2013 at 2:04 pm
I have been thinking about starting my own business for sometime and the more I read on articles like this, the more I am encouraged. Thank you for sharing your insight.
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