You've been working for a couple years and are either fed up with the hierarchy of the organization or simply think that you have acquired enough skills to start your own business without having to work for someone else's goals.

Or maybe you have just graduated from a business school and think that you are fully capable of running your own business. You have gone to the extent of forecasting the finance, the workforce, the operating cost and so forth. Sounds simple.

But is your dream of becoming an entrepreneur as easily achievable as you've jotted down on paper?

Let's take a look some of the aspects that entrepreneurs must consider before diving head first to start a business:

1. Work-Life Balance

It might sound cliché reading about the whole work-life balance that you think you've already been doing with a 9 to 5 job. As an entrepreneur, your business is a full time commitment. And by full-time it means that you must be ready to sacrifice your personal life to an extent you might not be comfortable with. You own the business and there will be no one you can look up to for help regarding each 'small' business decision. For the married individuals, it's even worse having to explain to your other half why you put so much effort on something that is not creating any source of revenue for your family (in the initial stage at least).

2. Salary

In general, it takes at least 1-3 years for your business to generate profit. This means putting every ounce of energy for a long period without anyone paying you and the only certainty that it will work out is solely your belief in the dream. There are many working professionals who end up pouring their income from other sources to their business to keep it running. Be prepared to make the sacrifice of stability.

3. Health

As mentioned in (1), entrepreneurs need to concentrate so much of their time on running their business supervising and mentoring that even a single day off can affect the business exponentially. This includes sleepless nights trying to solve problems and pushing a mortal body to its limits. In the process, health issues get overlooked and are only noticed when they’re unbearable.

4. Possessions and Personal Wants

There are many entrepreneurs who have shared their stories which had a similar theme – sell what you don’t need if it means revenue for the business. Your dreams of buying expensive gadgets to motorbikes and/or cars might also have to be kept on hold. For a really long time. Drop the idea of self-indulgence at the door.

5. Control

No matter how meticulous you are in doing certain types of things, chances are you will never find anyone who will deliver the exact end-game you had in mind. Employees and staff treat their job as a 9 to 5 gig. Running a start-up is challengingly chaotic (in good and bad ways) and the debris that’s left will ultimately set the base for the founding principles that your organization shall live by in the future.

What was the biggest sacrifice you made for your business? Let us know in the comments!

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