The Great Resignation and Entrepreneurialism
What Happened to Everyone?
Over 40 million people have resigned from their jobs in 2021. Where did they go? What are they all doing? Did they quit corporate America to start their own gig? If this is the case, then I predict that we will see many of these people coming back to corporate life. The reason is because not everyone is cut out to be an entrepreneur and starting a new business or owning your own business is H.A.R.D!
As a Career Coach, I have talked to hundreds of people about the decision to leave corporate life and begin anew on their own. This decision makes sense for some as I really believe in their abilities and skills to make it on their own. For others, I am honest with them about the pitfalls and difficulties of striking out alone.
To help my clients learn more about what is required to start their own business, I compiled a checklist of 28 things that a person needs to know about themselves before they take this big leap into solo entrepreneurship.
If you answer NO to any of these questions, I want you to think about how you can change your answer to a YES. Because by changing the answer YES, you will not only be more successful in your new business venture, but you will ENJOY the journey and find true FULFILLMENT. NO answers are not a deal breaker, they are just indicating the areas where you need to think how you will overcome this potential challenge for yourself. Once you have thought through the “NOs”, you will proceed with much more confidence and be better equipped to manage the day-to-day business challenges.
The questions are related to the following areas: Financial / Business Acumen, Work Ethic / Energy, Flexibility/Adaptability, Business Development/Sales, The Roll Up Your Sleeves Stuff, and lastly, Professional Image/Persona.
So, here it is, the Entrepreneur Checklist. Let’s start with the least fun questions first:
Work Ethic / Energy
The Roll Up Your Sleeves Stuff
(Trust me, it is not the fun stuff.)
For fun, list the questions where you answered NO. As mentioned, the NO answers are not deal breakers, but some will carry more weight than others. For example, if you absolutely dread doing sales, once you have generated enough revenue on your own, you can consider hiring a salesperson or working out a commission structure for part time sales representation.
If you absolutely hate the administrative work that goes along with your type of business, hire a part time, hourly admin person to help you unclutter your business life. The hourly rate for this extra help will take a load off of your shoulder!
Entrepreneurship is an amazing journey. The rewards can be so fulfilling! But it really is not for everyone and that is okay! It is best to know and understand yourself better before venturing into something that will make you unhappy and leave you negatively impacted personally, professionally and/ or financially.
If you want to brainstorm about whether entrepreneurship is for you or if you have an idea to start a business, and what some feedback, give me a call. Helping people create their futures is what I do!