Employee to Entrepreneur

Employee to Entrepreneur- Mindset Change

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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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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