Are you Ready To Make The Leap From Corporate Employee To Freedom-Preneur?
Are you in a place where corporate life feels unbearable and you are longing to change and wish you could create a dream life?
You are not alone. Many are dreaming of their escape from corporate to entrepreneurship.
Unfortunately far less are actually doing it. Which is a shame as so many of you have a gift you can share with the world.
In my coaching work I have seen people consider the idea of leaving their jobs and corporate. I’ve helped them reflect on questions like ‘What is it that I really want?’ ‘Am I getting that here?’ (Usually no.) ‘Can I change that?’ ‘What are my options?’ ‘What would it be like if I made the leap out of corporate?’ and ‘Could I actually make money?’
Now that’s where the real fear kicks in – I could end up sitting at home twiddling my thumbs, emptying my life savings, desperately trying to find clients and getting NO WHERE, thinking ‘what have I done!!?’
Or worse, I could end up on benefits, loose my home and have to go back to a day job to pay off all the debt I have got myself in to!
Let’s face it – the fear of failure is not ungrounded. According to Bloomberg, eight out of 10 start-ups fail within the first 18 months.
And not to be gender biased but for women it’s even harder! While the rate of entrepreneurship for women is growing, less than half actually make an income for themselves from their business and only one third of sole traders do.
In the US, one study showed that only 12 percent of female- owned businesses turn over more than $100K a year and 2 percent turn over more than $1m per year.
So is the grass greener? That is the million-dollar question. Guess what? There’s only one way to find out… By doing it!
And that takes confidence, self-belief and some good old-fashioned planning and taking massive action.
So before you make the leap here are some questions to see if you are cut out for Entrepreneurial success:
1. Do you have an unwavering desire to stop being a corporate employee and create your own business?
2. Are you willing to work on your mindset, and change the way you view the world, and the things that happen in it?
3. Are you willing to undertake challenges, even when you don’t know if the end goal is achievable?
4. Do you have a solid support system in business and those around you?
5. Are you prepared to face uncertain income, and understand that the foundations are essential to make your dream a reality?
6. Do you have something that you are really passionate about that you want to turn into a business?
7. Are you willing to value your ‘unique genius’ and charge a decent price for what you offer?
8. Do you thrive on tension, and enjoy pushing yourself out of your comfort zone?
9. Are you willing to work 7 days a week, sometimes all day every day?
10. Are you prepared to live a few years of your life like most people wont, so you can live the rest of your life like most people can’t?
If you answered yes to most of these questions you could be set for entrepreneurship.
If you want to leave corporate and are thinking that starting a start-up is for you, how can you move forward?
1. Read Think and Grow Rich by Napoleon Hill, buy it today.
2. Decide to use courage to push yourself and get confident as you take action.
3. Make sure you care clear on your passion and purpose in life and create a business around your unique genius.
4. Create a business vision. How much money do you want to make, how many hours/days do you want to work a week? Where are you going to work. Clarity is essential.
5. Know whom you want to serve, and how you want to serve them.
6. Know that fear is part of the process, and find ways to manage it.
7. Decide if you are going to start to create your business whilst you are still employed.
8. Save 6-12 months business and personal expenses to eliminate worry.
9. Create an exit plan.
10. Get someone to help you set up your business that has been there and done it. This will save you time and money in the long run.
So what is next?
If you answered yes to the first set of questions, and are hungry to make the leap from Corporate Employee to Thriving Entrepreneur and serious about setting yourself up for success then lets talk.