Recently, I was speaking with a friend who was planning to transition from a large organization to start up her own independent meeting planning company.
While the will to be her own Boss, make more money and have more time for herself, was there, I suggested to her to answer the following questions “to make it real”:
- Are you ready to NOT have a big-name company associated with your name? Can you live with that?
- Are you ready to work without the buzz, the excitement, and the pressure that comes when working at a large company?
- I am not saying business ownership lacks adrenaline rushes, but you would be leaving behind an ecosystem of daily excitement that most corporations have.
- Do you feel comfortable leaving your assistant or colleagues?
- All the responsibilities will now fall on to you until you can hire somebody to support you? You will become the CEO, the CMO, the Janitor, the Driver, all in one! Are you up for that challenge?
- Are you ready for a monumental change in the pace of your workday?
- In the morning you may be meeting with a client, but in the afternoon you are running personal errands or shopping for office supplies and … you are alone.
- Instead of delegating tasks, ALL of the assignments will be your responsibility. In the very beginning delegating will not be a choice because you are just starting out … unless you can invest a significant amount of money.
- Can you afford not to make money for several months? For how long?
- Do you have a plan? Do you know the demographic you want to serve? And how you want to serve them?
I also shared with her my three most valuable discoveries that helped me the most when I decided to become an entrepreneur.
- I met two to three times per week with a prospect, client or colleague. Getting out of my office helped me to break up the solitude of being an entrepreneur.
- As human beings, we need to be around others, as it helps boost our confidence and productivity levels.
- I had a coach (and still have one) who could provide an outside perspective and ask me the right questions … it’s up to me to find the answers!
- Joining a mastermind group and developing a relationship with an accountability partner, mentor or coach early on in your entrepreneurial journey can help you make the shift from the corporate life to being a solopreneur.
- I quickly created my own Advisory Board by gathering friends from different fields whom I trust and whose experience would provide valuable feedback for me.
So, how about you?
Are you like my Friend, coming from a large organization and do you miss the buzz?
Please share with me in the comments below what advice you would give others to help them transition from the corporate lifestyle to becoming a solopreneur? I will make sure to share them and give you the credit!