This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/04/14/avoiding-complexity-makes-you-more-likely-to-be-successful/
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If you’re an entrepreneur with a singular focus, the last thing you need is complexity. Complexity takes your time and attention away from your goals and can be a source of stress.
Nothing creates complexity like quitting your day job and jumping into complex investments just because everyone else is doing it.
Before you quit your job and start flipping houses to fund your business, consider the following:
Real estate investments can distract you from your business.
Most entrepreneurs have some kind of investment on the side. Often, those investments are in real estate. The general consensus is that real estate investments have the highest potential to supply the cash flow needed to run a business. Real estate investments have also become a symbol of success.
Thanks to stories shared across the internet, the urgency to demonstrate success through real estate investment runs deep. Hero status is given to those who risked it all, tempting new entrepreneurs to dive into complex investments they may not understand.
If you’re going to invest in real estate, keep it simple. Don’t complicate your life or your tax situation. For example, investing in out-of-state property creates a level of complexity that probably isn’t worth pursuing. The first time you need to evict an out-of-state tenant you’ll wish you had kept your investments within the borders of your home state.
Entrepreneurs who keep their day jobs are more successful.
Most entrepreneurs have one thing in common before going full-time: they can’t wait to quit their day job. In the entrepreneurial world, quitting your day job sends a message to the world that your business is a priority. It’s said that if you hang onto your job too long, your attention will be divided and your busine… Read More
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