Entrepreneurs and Money [2:57] The cost benefit of being an entrepreneur You are out there in the hustle as an entrepreneur Your are IT, HR, plumbing, literally everything It’s one thing saying you’re a CEO but when you’re starting out it’s very challenging but you can learn a ton of skills that can set you apart Your problem solving abilities become really good There is also major upside from being an entrepreneur [5:31] Quitting your job versus doing it full time It definitely depends on your situation, how long have you been saving up Quitting your day job is a major risk, you don’t have any income secured People end up doing freelance work just do have food on the table [6:37] How much money you need saved to start a business People need to know how much money they need People say you should triple the amount of money you need to get started You need to consider the cost of living and how you are going to provide for your family There definitely are consequences and you need to be real, there is no shame having a side hustle [8:30] How many hours do you really work A ton of hours, people that are entrepreneurs typically work a lot harder than when they are employees. Nobody will care as much about your business as you will. As a business owner you’ll end up working a ton more hours After the 40 hours is when an entrepreneur will typically start working [9:30] How to manage work life balance Katie has a friend who owns a brewery and he said he does now know what work life balance is People that go full on into entrepreneurship that end up sacrificing relationships As a new business owner you need to find a work life balance that works for you, this will obviously look different for everyone. Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip