 What is going on then guys and welcome to a new video. So today then I've got another kind of like one-to-one chat I want to have with you guys. I've got some points that I'm going to go through on my phone. Last time I did a video kind of in this style you guys seem to enjoy it. So I thought I'd do another one. So today's topic then is the drawbacks of working for yourself or the drawbacks of being an entrepreneur. I feel like that especially when I was kind of working in nine-to-five and wanting to work for myself that not for one minute did I take a step back and think if I was to work for myself then would there be any drawbacks. So I didn't think that for one second and I want you guys to ultimately you're trying to build a Shopify dropship install probably if you're watching this channel and probably as well to make enough money as well so you can work for yourself. So I want you guys to when you achieve that fully know exactly what to expect then just so you don't make the same mistakes that I do and you don't get caught up in the same problems that I got caught up as well. So that's kind of what we're going to be talking about but before getting to the video I just wanted to make a quick shout out really. I've been thinking about making this video for quite a long time and then I saw a fellow YouTuber called Braden Werch do a similar video on this topic and he told me to do a video on this so that's why I'm doing it and I've been watching him for quite a while actually and he gives really just kind of no BS down to worth advice. So I feel like we kind of deliver content in the same similar way. So if you like the kind of stuff I do then I thoroughly recommend you go and check him out. He puts out good content every single week really consistent as well so make sure you go check him out. His name is Braden Werch and that being said then back to the topic of the video and point number one then so when you come to work for yourself I mean when you have a job there's no such thing as guaranteed income but when you work for yourself then it's even less guaranteed. So I want to make this video then relevant to those people who will ultimately become dropshippers as a full-time income and kind of link the drawbacks to what those are if you're doing that full time. So when I talk about no guaranteed income then if you'll say for instance well the mistake I made then was that I quit my job as soon as I had one product going really well and that one product was a seasonal product and for whatever reason then it just didn't occur to me it just didn't strike me to think hang on a second this is an LED dog collar and soon it's going to not going to be starting getting dark until like 10 o'clock at night and nobody's going to need an LED dog collar that just didn't occur to me for for whatever reason and sales then inevitably started to drop off and at the time it still just didn't occur to me and for whatever reason I just kind of got too wrapped up in the moment I became too naive and it was really at those times when I kind of learned what it meant to run a business and pretty much survive on yourself. So when I talk about no guaranteed income then when it comes to Shopify dropship and there's so many different variables for anybody who's spent money consistently with Facebook ads will tell you that just because you're making money in week one it doesn't mean you're necessarily going to make money in week two and whether that's because of your products because of the ads you're running it could be a whole multitude of different reasons so just don't ever expect things to be easy because I saw a meme the other day in fact I think I put it on my Instagram of if something comes easy then it's not worth having so it might be all very well and good making money initially in those first few months like I did like things took off pretty quickly for me when it comes to drop shipping and that's one of the beauties of drop shipping but it's not always going to last so make sure that if you do take that massive leap of actually quitting your job and doing this full time make sure you've got at least six months living expenses in your bank account so when you do have a slow month it's going to be inevitable even a slow quarter maybe even a slow year that you've at least got some money some savings in the account just to kind of see you through because it got so bad for me at one point I hate to admit it that I did actually consider getting a job again just to kind of see me through the low periods but I didn't and I'm glad I didn't because you never know what's going to happen till it happened so I might have got a job and just kept that job but the fact that I just saw this through and made do with what I had to and made sure I made it work I kind of played that game with myself where I let things get so bad that it just kind of forced me to make things work but it's a dangerous game to play because it won't always work so what I'm trying to say then is just make sure you've got that buffer that X amount of funds in your bank account at least six months living expenses in your bank account just as kind of like a buffer to fall back on if you need to Point number two then is the social aspect so this is if there was anything I missed about my nine to five job then this would be it my social life has definitely declined since I started working for myself just because I'm around less people like with a nine to five job there was always the people in the office there would be kind of like social outgoings with people in the office and then through work if I like for example in the people the company I worked for then I would sometimes go up to Manchester I was due to go on a trip to I think it was Belgium where they manufactured the profit the product and when I handed in my notice they obviously took me off that trip and I would have met more and more people through that and you would think as well like the more interesting your job is and the easier it is to make friends but it just doesn't really work like that even now when I talk to people about what I do then they're just not interested at all it's really hard to make a conversation about what I am doing for work because people just I guess it's probably because nobody knows what it is or nobody's really heard of it so people find it difficult to talk about so unless I'm talking about what someone else does they're not really interested in what I do so my social life definitely has suffered just purely because I'm getting out of the house less often and I'm kind of meeting less people so again another thing to consider if you've been working at your workplace for a long time and you come to the point where you're going to quit your job just think how that's going to impact your social life and it's definitely something you've got a way up like if your social life is a massive part of your life and what makes you happy then that's a massive massive thing to ultimately be giving up so definitely something you should consider point number three then is in fact I want to in fact rather than just go through the drawbacks then I want to give you guys solutions so number one then is no guaranteed income your solution is make sure you've got six months living expenses in your bank account number two your social aspects so ever since I quit my job then I've made more of an effort to actually actively talk to people and kind of just be more interested in other people's lives and actually talk to people in the gym as well because that is something I've always done I've always gone to the gym and I've kind of made it a thing to try and approach not approach people in the gym but that sounds weird but like talk to people or maybe work in on someone set and actually just be more sociable plus I go to like different classes like I've been trying to get fit this year so going to spin class and meeting people through that I've been taking like martial arts as well so again meeting people through that so your social life is going to suffer but it doesn't have to permanently suffer so you can do things to kind of replace the friends that you're going to lose when you quit your job once what I'm trying to say number three then so outsourcing and what I mean by this then it kind of there's two sides to this so number one is when you're the hardest thing I in fact yeah the hardest thing then that I did was outsource the order processing because there's a lot of things that can go wrong in terms of sending the wrong products to the wrong person sending the wrong amount of products sending them to the wrong address but the right person and this was the hardest thing that I had to let go and actually trusting somebody to do something within your business when it's your name your money your reputation on the line that was kind of like the hardest thing I could do and I guess the only solution to that is is make sure you go with somebody reputable try and find someone who comes with a recommendation from someone else so for example then you could message me and I could point you in the right direction I'm not going to give you the same person that does my stuff but I could certainly point you in the right website or the right group of people to go about talking to and kind of the other side of outsourcing then is the some things you just can't outsource and there's some things you will have to take care of it's your business and ultimately when kind of like shit hits the fan then it's going to be your decision to make and nobody else's and if for whatever reason you can't perform your work then your business is going to suffer and so is your income so if you get sick for instance to the point where you can't work then who's going to pick up kind of like the backlog of work or who's going to process those orders if you're not paying someone who's going to place the final orders who's going to deal with customer service so these are all things you have to consider and plus holidays as well so drop shipping is obviously awesome because we can run it anywhere in the world as long as we've got a computer and a wi-fi connection but do you want to always have to take your work on holiday with you do if you have a family one day or you might have a family now do you want to have to sacrifice time with them on holiday when you should be able to go away and fully relax um or do you want to have to take time away to to do those things that I just mentioned and that kind of links back to that whole outsourcing things unless you outsource certain parts of your business and these are always things that you're going to have to worry about um and that kind of leads me on to my final point then which is stress and anxiety so I had never ever ever felt stress and anxiety like I had done probably in those kind of like first six to nine months of running my business when things started to get really tight especially money wise um I would never up until that point I'd never gone to bed and not been able to sleep and just there were times where I was literally so stressed out that I just couldn't sleep in bed and it's it's just an awful thing to have to go through and the only way you can kind of deal with it is is it's always going to happen there's always going to be certain things in your business that you can't control and it's part of the learning process that you're going to go through tough times and you've just got to find the best possible way to deal with it and for me it was the gym so at that point I was going to the gym a lot just because I found that after a good gym session and taking out all my stress and just kind of what for whatever reason when I go to the gym I can just switch off about work and that was always kind of like the best thing that I could do just to kind of forget about those stress and worries clear my mind and then just allow me to think a bit more clearly but again another thing you have to consider if that's something you don't really deal if you can't make decisions or you're not very good at making decisions and you don't really cope with stress very often then that's something you're definitely going to have to consider quite seriously because when for example if it comes down to somebody who's placed a really big order and for whatever reason it hasn't showed up or perhaps Royal Mail are saying it has showed up not many people know this by the way but you can actually track e-pack it via Royal Mail once it enters the UK so if you have like a 300 pound order and it's a big deal to you and your business and Royal Mail are saying it's delivered but the customer's saying it isn't then how are you going to deal with that that's your decision to make so they are kind of like my main four points if you're watching the video then hopefully you guys have enjoyed it hopefully you take something away from it if you do please do leave a like and the final point I want to make then is the the last and final point then that I just want to quickly make before you guys go is that no matter what I've just said in this video I'm not saying it's not worth it 100% it's worth it would I change the path that I took no would there be certain things that I would do differently 100% yes but it's been 100% worth it no matter how bad things have got at times I would definitely definitely do it all over again it's definitely worth it the positives far outweigh the negatives for me I just felt like it wouldn't be right of me not to do this video and just make you guys fully aware and prepared of what is to come when you do reach that point I've actually handed in your notice and quit your job to do this full time so that being said then guys I'm wrapping the video up there if you're still watching thank you very much I really do appreciate it if you enjoyed the video please do drop this video a like and I'll see you guys in the next one