#008 - The Anxiety of Entrepreneurship

Episode Summary:In this episode of Becoming Work Optional, Matt and Rachael discuss the mental challenges of entrepreneurship and how to navigate them. They emphasize the importance of understanding the realities of starting a business, including the high failure rates and the need for a strong support system. They also highlight the need to acquire new skills and be adaptable in order to succeed in entrepreneurship.Key Points Discussed:Entrepreneurship is a challenging journeyRequires mental resilience and perseveranceThe goal of becoming work optional is often a driving force for entrepreneursAllows for greater control over time and scheduleIt is important to have a supportive network and surround yourself with people who believe in your vision.Starting a new business comes with a high risk of failureMentally prepare for the challenges and setbacksThe statistics show that a significant percentage of new businesses fail within the first few years.The mental toll of entrepreneurship can be overwhelmingIt is important to take care of your mental health during the processSkills from previous jobs may not directly translate to entrepreneurshipNew skills will need to be learned and developedConsistency and patience are key to success in entrepreneurshipResults may take longer than expected.It is common to experience both high highs and low lows in entrepreneurship, and it is important to stay focused and motivated during the tough times.Owning a business provides the opportunity for greater flexibility and control over one's schedule, but it requires hard work and dedication.The journey of entrepreneurship can be mentally and emotionally rewarding, but it is not for everyone.Connect with Us:RachaelX/Twitter - @camp_wealthrachaelcampwealth.comMattX/Twitter - @matthew_garasicunrivaledwm.comDisclaimer: This podcast provides general information and discussion about finance, investing, and related subjects. The content provided in this podcast is not intended as investment advice and should not be taken as such. Always seek the advice of a professional or conduct your own research before making financial decisions.Rachael Camp offers advisory Services are offered through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600.Neither Camp Wealth or Unrivaled Wealth Management are affiliated with the CFD companies or each other.