Lizzy and Lissa break down the hidden costs – financial and otherwise – of entrepreneurship. Being an entrepreneur can allow you to pursue a passion, gain control of your time, and sometimes, offer an accelerated path toward financial freedom. However it comes with a lot of costs. Is entrepreneurship worth pursuing? Lizzy and Lissa share their takes.
Lizzy and Lissa break down the hidden costs – financial and otherwise – of entrepreneurship. Being an entrepreneur can allow you to pursue a passion, gain control of your time, and sometimes, offer an accelerated path toward financial freedom. However it comes with a lot of costs. Is entrepreneurship worth pursuing? Lizzy and Lissa share their takes.
Main Topics
00:00 A Philosophical Question
01:34 Running the Numbers Segment
03:37 What Exactly Is Entrepreneurship?
08:42 Our Personal Entrepreneurial Journeys
15:35 Ideas That Didn’t Make It
23:25 Bootstrapping and Initial Investments
25:01 Challenges of Entrepreneurship
30:38 Working Less Than 40 Hours A Week
42:33 The Two Main Benefits of Entrepreneurship
44:54 20 Cents Segment
References for Statistics
https://www.uschamber.com/economy/state-of-american-business-data-center-2024
https://gusto.com/company-news/new-business-formation-report-2024
https://www.shopify.com/blog/percentage-of-businesses-that-fail