• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
Commentary

Know These Warning Signs Before You Become an Entrepreneur

By
Matthew Swift
Matthew Swift
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
By
Matthew Swift
Matthew Swift
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
March 7, 2017, 9:30 PM ET
Business Man Surviving the Storm
Business Man in the CityPhotograph by Ondine32 Getty Images/iStockphoto
Add Fortune on Google for similar content.

The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question, “What are some of the biggest misconceptions about startup life?” is written by Matthew Swift, co-founder, chairman, and CEO of Concordia.

Being an entrepreneur is incredibly rewarding. As co-founder, chairman, and CEO of Concordia, I am privileged to wake up every day and experience a sense of fulfillment in working with people I greatly respect. However, for the many reasons I love being my own boss, misconceptions run rampant when it comes to entrepreneurship.

First and foremost, entrepreneurship does not equate to better or fewer working hours. Rather, you have to constantly be accessible and ready to work. Many people I know—friends and peers—often assume that founding and managing a company will enable them to further separate professional and personal life, when in reality, exactly the opposite is true. I often find work creeping into—and sometimes completely taking over—my “off” days and vacation time, but any successful entrepreneur knows that this is simply part of the deal. If you want to be in the driver’s seat of your and your company’s future, it’s going to demand your focus around the clock, even when you’d rather not be working.

See also: Why Entrepreneurs Shouldn’t Be Working Every Waking Hour

Along those lines, as an entrepreneur, you must acknowledge the immense responsibility you owe to yourself and your company as its leader. You’ve likely heard that success is the sum of small efforts repeated day in and day out, but with entrepreneurship, this mantra is particularly relevant. If I come into work feeling lazy, my team will follow suit. If I come in feeling angry, my disposition will spread like wildfire around the office.

If you truly want to be a successful entrepreneur, you have to attack each day with purpose, because failing to meet expectations can have dire consequences for your company. Perhaps more importantly, though, as an entrepreneur, the effects of your actions—both positive and negative—extend far beyond your personal life and into the livelihoods of your employees, and even their families. With rent payments, insurance premiums, and children’s futures at stake, there is little room for error and no room for complacency.

Persistence is the “secret sauce” to success in entrepreneurship. The reason so many of the world’s most successful people are self-made is because of a mentality that refuses to—and in many cases, can’t afford to—accept failure. The entrepreneurial journey will force you to persevere, to innovate, and to kick down doors to keep your business afloat, but this is precisely what makes it so gratifying.

 

Indeed, entrepreneurship is not as glamorous as it is often portrayed. Stories of massive funding rounds, innovative ideas with the potential to transform industries, and increased autonomy have contributed to a romanticized perception of the deceptively demanding, all-consuming entrepreneurship process. Being an entrepreneur is not a get-rich-quick scheme. In fact, as a social entrepreneur, in my case, it often seems like the opposite. It’s not an easy way out, and it doesn’t enable anyone with a great idea to retire comfortably at 35. It will test your resilience in unimaginable ways, and it will force you to confront your identity at your very core. But for diehard entrepreneurs, an overarching appreciation for the sense of self-fulfillment that accompanies their work motivates them to press forward.

If successful in launching a startup, you will expand your professional capacity in ways you never imagined. The journey of starting your own endeavor will ensure you are trained for multi-tasking at a high level, but it is also the best training ground you can imagine for all that life throws at you. Entrepreneurship provides an avenue for people to enact their biggest and best ideas, and if you are willing to grind, I think you’ll find it extremely rewarding. Just don’t expect it to be glamorous or easy.

About the Authors
By Matthew Swift
See full bioRight Arrow Button Icon
By Bethany Cianciolo
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

sb
Commentarynational debt
The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution
By Steve H. Hanke and David M. WalkerJuly 15, 2026
13 hours ago
Is your AI really working? Why productivity isn’t the same as progress
Future of WorkBrainstorm Tech
Is your AI really working? Why productivity isn’t the same as progress
By Jamie GarverickJuly 15, 2026
15 hours ago
r
CommentaryFDA
Trust in the FDA is collapsing. It’s time to get really transparent about our food and our drugs
By Jeffrey Sonnenfeld, Megan Ranney, Sten Vermund, Patricia Greenstein and Steven TianJuly 14, 2026
1 day ago
mm
Commentaryregulation
Exclusive: Delaware proposes testing the AIC, a new legal entity for agents in a regulatory sandbox
By John Nay and Charuni Patibanda-SanchezJuly 14, 2026
2 days ago
jobs
CommentaryLabor
Black women’s unemployment rate fell. That’s not the good news you think it is
By Katica RoyJuly 14, 2026
2 days ago
b
CommentaryWorld Cup
Columbia Business School professors: What the Balogun red card can teach us about AI and judgment
By Oded Netzer, Christopher Frank and Paul MagnoneJuly 13, 2026
3 days ago

Most Popular

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
15 hours ago
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
1 day ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
1 day ago
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
Economy
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
By Eleanor PringleJuly 15, 2026
17 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
16 hours ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
13 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.