Are you running to something or are you running away from something? Read these ten top tips before you take the leap into entrepreneurship! But, let's start with two big mistakes I made when I decided to make the leap:
The biggest mistake I made in starting as an entrepreneur was this:
Running from something instead of running to something! I ran from a place of employment where I perceived the CEO to be taking advantage of me (non-sexually) and started a business because of this misperception. I walked away from my six-figure, full-time employment without a concrete business plan and a systematic way to fill my pipeline because I didn't deal with the root cause of my feelings. Instead, I worked like a Boss and plunged through my feelings.
In fairness to me, I didn't have a six-figure salary before I announced that I was leaving. So, do know that you can negotiate, in a big way, as you are walking out of the door because you most likely hold significant positioning with institutional knowledge, strong influence with customers, and are a badass to boot!
If you are still reading this article, let me share the nitty gritty on another mistake that I made:
I left my position to avoid being taking advantage of, which stemmed from unresolved trauma of an adverse childhood experience (ACE) (that being sexual abuse). While I thought I worked through this childhood trauma, there was more work to be done. And, even though I was working for a CEO-run small business (i.e., for-profit), I felt the CEO was able to leverage my specialization for additional company profits that he did not share with me – the value of the additional work was rolled into my salary with no adjustments in my workload. As a result, my realized salary decreased due to the extra time I devoted to the new responsibility, while profits increased.
I take full ownership for "running from something, instead of running to something." I didn't share my dissatisfaction, or the feeling of being taken advantage of until I was walking out of the door. My CEO and I had strong compatibility and synergy that produced great results, which made it initially hard to stop the locomotive that we were on. The work was non-stop. And, during the first (COVID) quarantine, we were fighting to save employees' jobs. It wasn't until my CEO started planning for the upcoming year that I was jolted to stand up and let it be known that I would not be starting a new year with the organization. Thus, began my entrepreneur-by-default route!
Here are 10 top tips I would have done differently before I left my employment for entrepreneurship:
Me? although I left my employment for one reason, I now own a successful DEI (diversity, equity, and inclusion) and Women's Success Consultancy. My company helps successful women who are unfulfilled, exhausted from trying to hold it all together, and afraid to go after what they Really want. Your success is a foregone conclusion!
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Learn more about Dr. Chanel F. Guzman here: https://www.globalengagementconsultants.com/