We have been programmed for decades to go to college, get a 4-year degree and land a job with a long term career path. It was frowned upon if you change jobs too often because you may look like a “job hopper”. Also, changing careers looked like you were unstable and doomed to fail.
Things are a lot different now. It is socially acceptable and a sign of “personal growth” to change jobs every 3 to 5 years. Doing so demonstrates how you increased your value because you have experienced many environments and pursued your “passions”.
There is another large group who are leaving their “secure” jobs, changing career paths and becoming an entrepreneur.
These “solo-preneurs” fly under the radar of many statistics that would say start-ups are down and failure rates remain at 50% by the 4th year of business. The source of these numbers is focused on companies that are creating new jobs.
When you peel back the cover, you find that “solo-preneur” is the new business structure of choice. In this environment, the entrepreneur has no employees. They choose to run a smaller and more targeted business, capitalizing on a technical skill or new product idea. They tend to outsource for needs or share the opportunity with others who have complimenting skills.
Entrepreneurs seek to be their own boss, make more money or have more “free” time. The risk is not a concern to most. Those who have these aspirations soon find out it is a lot different once they open the door to their new business. Conducting proper planning rarely occurs. They soon find out that they work more hours than before. The income is inconsistent and it takes more money to operate than predicted.
If you are an entrepreneur, you will have challenges you have never faced. The primary reason for the failure of a small business is incompetence and lacking the basic skills to run a business. You will need to learn new skills in order to succeed.
Do not let the lack of skills or inexperience kill your dream. Reach out and seek proper resources. Find someone who has been in your situation, is a mentor and has been trained to help you reach your full potential.
Consider these questions:
Do you have some new business or an “idea”?
Have you been in business for some time and find that it is a struggle to master all the skills required to make your business work?
Are you building a business or is it failing like it is an expensive hobby?
If your path to success as an entrepreneur is revealing potholes, seek the support of an entrepreneur coach. Learn how combining coaching, education and creating the game plan will provide you with a greater chance of success. You might even find that having a coach cost you nothing!
Talk to the coach – schedule a time here.