While the Big Apple can be a great place to make it as an entrepreneur, it can also cause a lot of heartache to those who were not adequately prepared. Here are four insights on the New York City entrepreneurship scene to give you a clear idea of what you can expect.
Everything Is Very Expensive
It's cheaper to begin your own business just about anywhere on earth. Those who are new to New York need to remember that it is incredibly expensive. Those with enough determination can still make it, but they need to realize that they might have a lot of financial hardship in the short-term.
Everyone Is Extremely Competitive
New York City is where people go to live their dreams. With so many ambitious people, it shouldn't be all that surprising that the city is very, very competitive. Those who move to Manhattan should have a very thick skin and be ready to work against intensely competitive people.
The City Is Exhausting
Life in New York is far more tiring than life elsewhere. This is especially true for aspiring entrepreneurs. You can expect to be pounding the pavement everyday, which is quite physically, emotionally and mentally tiring. You can certainly handle this intense challenge if you are driven enough, however.
The Payoff Is Very Worth It
There's no better city on earth in which to accomplish your dreams. Making your goal of becoming an entrepreneur in New York City a reality will be a very challenging task. However, if you succeed, you will enjoy an amazing sense of accomplishment and a wonderful life.
Before you move to New York City to accomplish your dream of becoming an entrepreneur, be sure that you are financially and emotionally ready. New York City is an incredibly competitive and challenging landscape. However, for ambitious people who are willing to work, it can also be a dream come true. Be sure to bring a good attitude, a good work ethic and a lot of energy.
Jonah Engler is a financial expert from NYC. Engler is also a successful entrepreneur.