Employee to Entrepreneur

employee to entrepreneur- Mindset Change is the critical success factor.

Quote

Entrepreneurs don't finish when we are tired. We finish when we are done."-Robert T. Kiyosaki, Entrepreneur

How do you transit from employee to entrepreneur?

Six sigma stands for doing it right the first time. Is there a six sigma approach to transition? Yes.

You and you alone can start this process of change.

“If you don’t build your dream someone will hire you to build theirs.”- Tony Gaskins

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5 Mindset Changes You Must Make When Going From Employee to Entrepreneur-Sujan Patel in entrepreneur.com

But quitting your job and starting your own business is only half the battle. You need to prepare to be an entrepreneur. Besides getting your finances in order and having a plan in place, you also need to prepare your mind.Being an entrepreneur is very different than being an employee, and the way you envision it may be completely off base. 

Considering Entrepreneurship? Drop the Employee Mindset First

You’ve been thinking about it for months. You want to ditch the “employee role” and go out on your own. You have dreamt about being your own boss and running your own show. You’ve made promises to your spouse or life partner that this is going to solve your career woes and make more sense to your well being over time.

You’ve been bitten by the entrepreneurship bug, my dear, and if you do it right, it can bring you true happiness, fulfillment and wealth.

But before you make the leap, you must adopt the right mindset.

You can do everything brilliantly in setting up your business and running your show, but if you hold on to the employee mindset, you limit your vision and soon sabotage your success.

Don’t rely on hope to get customers and clients; do the work and learn how to market and sell your products and services. But when they don’t sell, remember not to stop believing in yourself. Just change the strategy until you find something that works. The best entrepreneurs are always testing and experimenting.

www.careerattraction.com

1.Marathon

Is a good idea alone enough? Yes. It is a starting point before you hear a whistle from your inner self to start a marathon – Yes, it is a marathon and not a 100 meter dash. This is a first realization one needs for the transformation. You start slow, conserve energy and gather speed when you are closer to the finish line.

2. Inner Belief and Self Motivation

Believe in yourself. You may face challenges. Read success stories but in equal measure listen to failures also.  After all, one in 5 start- ups only survives 1-3 years.

3. Seek Help

 As an employee you have resources, contacts and targets from the employer. You have a boss who can guide you.

Then comes the transition from employee to entrepreneur. You do not have the luxury of reviews, suggestions and course corrections.  You need to seek help.

4. From whom do you seek help?

 In the initial stages your network, friends and family may help you. However, today there is a strong mentoring community to support startups.

 5.Network

 As an employee you have an entire organization available for you, whereas  as an entrepreneur you will have to build a strong network of your own.

6.Selling Skills

This is a key and critical skill for the success of any new venture. You are a technical person and good at designing, solving the problems but you have to convince customers. In the initial stages you cannot delegate this function. Every interaction with a customer, a successful one or failed one is a “Moment of truth” 

7.Hurdles 

As an employee you have resources to troubleshoot.

As an entrepreneur in the startup stage you are alone. Quick recovery and course correction has to be done by you single handedly.

8. Big Picture

An employee may implement a big strategy but he will be only aware of the activities he needs to carry out as a cog in the wheel.

As an entrepreneur you have to keep the big picture in mind. Your actions should all the time be in sync with the big picture if you want to succeed in your business.

“I want to have 1000 customers in three months’ time”. This is your immediate goal. But your long term goal may be to be known as the most reliable and the best in the market.

9. Push the boundary

When your business takes off, you taste success, then you start feeling the euphoria. All the struggles and hurdles you faced would have been worth the experience. You cannot rest on your laurels.You need to keep pushing the boundary.

Nuggets- Employee to Entrepreneur

  1. Entrepreneurship is a marathon.
  2. Selling skill is critical
  3. Build a strong network.
  4. Have a big picture.( Vision)

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