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Category Archives: Entrepreneurship

Dear New Entrepreneur…A Letter to My Younger Self

young entrepreneur

It was July 2011 when I handed HR my two-week notice. I still have this simple letter, modeled after a template I found online when I googled “professional resignation.” I put no more effort into creating this life-changing document than I had put into what was supposed to be my “dream job” for the past 4 months.

Before taking the entrepreneurial leap to start my own Public Relations consulting business, I worked in the Pennsylvania Department of Health, Office of Legislative Affairs. The title and the perception were the only things remotely impressive and glamorous about this job, I assure you.

My tiny cubicle, stable salary and paid time off, while a luxury for most fresh college grads, all contributed to creating a comfortable prison that just might have kept me locked away until I earned my vested retirement, had I not longed for so much more.

Blame it on my entrepreneurial spirit – or foolish confidence, but I was willing to walk away from the guarantee of a stable, but unfulfilling career, for the chance at creating something so much greater.

Nearly five years later, I thank this young entrepreneur who wasted no time pursuing her dreams. Every day I work to make her sacrifices and uncertainties worth something by continuing to grow this business while never slipping back into the monotony of a career I don’t truly love.

Like most entrepreneurs, I wish I could somehow equip my younger self with the wisdom I’ve since gained from years of experience. Though I can’t, I can hopefully inspire other new entrepreneurs to take the leap – and maybe, just maybe – change the world…or at least their own!


Dear New Entrepreneur:

I know you’re busy, and likely skeptical about the advice I want to give you, so I will get straight to the point. You know a lot; a lot more than you might give yourself credit for right now, but that doesn’t mean you can’t stand to learn a few things from a fellow entrepreneur who is a few years ahead of you on this journey.

I’m not trying to tell you what to do – I know that’s exactly what you’re trying to escape. But I would like to tell you that you’re on the right track, your gut is your best navigation device and the passion you feel today will continue to grow, despite what people may try and tell you. Please read on. I promise it won’t take long and it just might be that reassurance you’re so desperately looking for right now.

My advice to you, new entrepreneur is this…

Office space and employees don’t determine your success.

Right now you may be working from home as a sole proprietor just waiting for your first chance to lock into a commercial lease and hire your best friends. Stop looking for ways to tie yourself down and add to your overhead. This is everything you ran away from in Corporate America. Learn to love the freedom and efficiency of working from home with no one to answer to but yourself. Hire fellow contractors only as you need them, get to know the best coffee shops to hold client meetings and enjoy keeping so much more of your salary – and sanity.

It’s okay to walk away from a “bad” client…even if you really need the money.

Go with your gut here. If a client tries to undercut your pricing or negotiate you into a corner, be willing to walk away. There will always be more, I promise. Yeah, you could really use the money…you always will be able to “really use the money.” The drawbacks to taking on a client that is a bad fit for your business will always cost you more in the long run than they’re willing to pay. Set boundaries and respect your values. You will learn to appreciate those “good” clients so much more!

You will always be surprised by those who want to see you succeed…and those who do not.

There will always be “friends” who you think will support you way more than they actually do. It will hurt and may make you question your decision to become an entrepreneur. Your decision is not what you should be second-guessing, rather it’s your friendship with this person. But don’t take it too hard; there will also be people you barely know that will rise up as your greatest cheerleaders. Appreciate these people and do the same for them in return!

Basic skills, like mail merging and stuffing envelopes, will be just as important five years from now.

When I first started out, I thought someday I might hire someone who would send my invoices, set meetings on my calendar and answer my phone calls. Five years later and the most capable person to handle these tasks is still me. These basic skills will always be important for running your business. Stay as hands on as it makes sense. Don’t outsource something just because you think you’re above it. Keep your overhead – and your ego – in check.

Make friends with your competition.

You will meet many other businesses along your journey that appear to do exactly what you do. Before you choose to secretly stalk their social media accounts and compare your client list, sit down and get to know them! Learning more about businesses I once deemed as competition has helped to create some of the best “power partnerships” I have. It’s amazing how once you really get to know about each other and the ideal client you are each hoping to find, you will realize you don’t overlap at all. Rather, you are great referrals for one another that can work together to help you both thrive.

Never make excuses

Mistakes will happen. Hopefully they are small, but they also might be big. No matter the size or scope, take ownership of any mistake and never make excuses. If something was truly a mistake or oversight, you have nothing of which to be ashamed. We are fallible humans, even us entrepreneurs. A reasonable client will understand this simple truth, as they are bound to make a few mistakes too. You will build credibility and trust if you own up to a mistake quickly and openly without blaming it on something, or someone else.

Only you can determine what you are worth

Deciding how you will price your services will be one of the hardest parts of running your business. You will have moments when you feel horribly underpaid and moments when you question whether you’re asking for too much. My best advice is to be strategic and remain consistent. This doesn’t mean you will (or should) charge the same rates for the rest of your life. Your experience will increase and so should your fees. But developing a strategy for how you will price your projects early on will save you from second-guessing, losing clients and losing income in the future.

Work toward creating a lifestyle, not just a business

In an effort to run a business, it’s easy to make the mistake of letting the business run you. Don’t recreate the same hell you fought so hard to leave to start your entrepreneurial journey. Take time off, travel, spend some money on fun things (all within reason, of course…it doesn’t take much)! Always keep in mind your goal of creating a particular lifestyle – one that affords you to be flexible and fulfilled – not just earning a certain income no matter the real costs.

Begin and end every day with affirmations

The entrepreneurial journey can be rough at times, that goes without saying. Amidst your efforts to be self-motivated and fearless, also take it easy on yourself when you need it. Promise to begin and end every day with affirmations as to all the things you’re doing well and that are going right. It’s easy to forget and take for granted life’s little blessings when you’re so focused on ironing out every wrinkle. Appreciate the small gestures, like a green light when you really need it, that are reasons to smile.

That’s all I have for you, new entrepreneur. It’s not all the advice I could give, but it’s all I feel you really need right now. Remember…after all, you’ve got this!

What piece of advice speaks to you? Do you have other words of wisdom to offer new entrepreneurs based upon your own experience? Join in the conversation by commenting below!

 
 

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5 Tactics for Extending Your Customer Relationships

5 Tactics for Extending Your Customer RelationshipsAs a business owner, maintaining existing client relationships is a major part of your job. It’s far more efficient, convenient and profitable to keep current customers than it is to go out and acquire new ones. For this reason, you should always have a focus on how you can ensure your clients are happy and also keep an eye peeled for signs that they may be looking to decrease or terminate your work relationship in the near future.

Before this topic begins to make us all paranoid, there’s some good news! Even when a client starts showing signs that they may be a flight risk, there are certain tactics you can use to help prevent your relationship from heading in this direction. In fact, by personally using these five tactics I will soon discuss, I have been able to extend many client relationships far beyond what might have been expected should I have let them “have their way.” Let’s take a look at how these strategies may also work for you.

Establish the “minimum length of relationship” from the beginning

A long and fruitful client relationship begins with the very first contract. No matter your industry, you can likely relate to the fact that in order to start seeing results, it takes time. So often new clients will get frustrated and impatient with waiting for these results and take off before the real benefits begin to show.

When you first sign a client, be sure to set a minimum length of relationship to start. I often negotiate three months, or one quarter with all new clients. In reality, this should seem like a reasonable investment. Any client who can’t commit this long, likely isn’t going to stick around anyways. Now it’s on you to do the hard work to make sure you prove the value of your services before you’re up for renewal!

Set reoccurring phone or in-person meetings to stay a part of the team

Don’t fall victim to being “out of sight and out of mind.” As a contractor or freelancer, it’s easy to get left out of important business discussions because you are not in the office every day. I’ve found a lot of success avoiding this pitfall by scheduling reoccurring monthly phone calls or in-person meetings with clients simply to touch base and stay in-the-know. The more accessible you are, the more likely you will be included as part of the team.

Your work shouldn’t be its own silo; weave it into multiple parts of the business

Depending upon the services you offer, your work may be kept in a silo, separate from other business duties. Yes, it’s a good thing for each employee or contactor to have their respective role, but being completely separate makes you an easy limb to chop off should budgets get tight. Instead, weave your work and expertise into multiple areas of the business.

Foremost I offer communications services, but these also branch into project management, administrative and human resource roles when needed. For some clients, I’ve even played the role of Executive Assistant when the situation called for it. In these scenarios, I watched other employees come and go, while my relationship grew to take on more responsibilities. Be sure and showcase everything you can do!

Be a resource to many employees, not just the boss

Back to making yourself a part of the team and weaving your services into multiple parts of the business, you should also aim to work with many different employees beyond your main point of contact. When the business owner realizes the value you bring to more than just him/her, you will be more likely to enjoy a long and prosperous work relationship with that business.

Structure freelance or on-demand work as a monthly contract

Finally, there may still come the day when a great client will say they need to “cool down” your contact or walk away completely. I’ve learned that this is always worth one last negotiation. Should the client say “We can’t pay for your services this month, but maybe we’ll start up again in a month or two.” Remind them of your policy that once they exit a contract, they must re-enter a new contract in the future and you cannot hold their current pricing for them. The risk of paying more for you in the future, is often reason to keep you on board in some capacity.

Or if the client should say “Let’s go to on-demand services. I’ll just pay as I need you.” This is detrimental because it’s a loss of monthly income, but also because you may take on more work to compensate and then be unable to meet this client’s needs when they need you. Offer them a minimal monthly retainer that pays for a few hours of work each month with the option to add on, if needed. This guarantees you a little income and also guarantees the client you will be available to them when they need you the most.

Do you struggle with clients cutting you out or canceling contracts? Leave your specific questions in the comments below and I’ll weigh in with my advice!

 
 

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Finding Stability In Constant Change

The first Monday of each month, I dust off a favorite post from the Bennis Inc Blog archives and give you another chance to enjoy the wit and wisdom that’s been shared. Enjoy this month’s treasure – and if it inspires you – be sure to share it with family and friends!


Finding Stability In Constant ChangeAsk a business owner, entrepreneur or self-employed person to describe the qualities of their chosen career path and I would be shocked to hear them use the word “stable.” Stability is a very desirable perk for any job that simply isn’t in the description of entrepreneurship. This should come as no surprise to those of us who have willingly ventured down this path. We know what we signed up for – and we also know the benefits that offset the lack of stability. But is it possible for the chaos-embracing entrepreneur to find stability amidst this constant change? Can change be turned into a constant?

I think so.

Each day is wildly different. There is little rhythm to the type of projects I work on day to day and month to month. And I wouldn’t have it any other way. Because so much of my work is hard to plan for or anticipate, I’ve found stability in creating a schedule for the work I do complete on a weekly or monthly basis. For example, each morning my to-do list always begins with logging on to WordPress and commenting on five other blogs. Every Friday I write my Bennis Inc blog post for the following week. Then of course there is the client work that is regular and reoccurring such as scheduling social media updates or blog writing that gain a place in my work “schedule.” By having a set time carved out in my schedule for this anticipated work, I can then dedicate my remaining time to the unanticipated – and sometimes urgent – projects that always come up. Not only is this good time management, but it gives me a feeling of stability and regularity amidst the ever-changing variety and quantity of my work.

Another way in which I’ve learned to feel stable in a career field that most certainly is not is that I’ve changed the way in which I view contracted work. Each month my work may change, but what won’t change is my ability to seek out new work as I need it. With the skill to hunt you’ll never go hungry. Even as clients come and go, I never run the same risk of having my income go to zero in one day’s time. It would be a slow and gradual process for which I could react and prepare. In other words, I don’t carry the same fear as someone who could be laid off. So while there is stability in a regular income and a bi-weekly paycheck, there is always the risk that it could all come to a halt almost instantly. As a traditional employee, the process of being interviewed, hired and placed on payroll is much longer than signing a new client. And due to contracts, I will always have at least one month’s notice of losing a client rather than only receiving a pink slip and the rest of the day to clear my desk. Realizing this unique benefit of entrepreneurship, I now know stability can be found in the confidence I have to always be able to seek out new clients and more work.

The career path of the self-emplyed is in no way predictable or certain, but if you look in the right places you will find that stability does exist. It may not make for the biggest lifeboat, but it can still help to keep you afloat until you can again find calm waters.

 
 

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Contractors and Freelancers: Tips for Crafting a Fair and Appealing Proposal

Tips for Crafting a Fair and Appealing Proposal

When you take the entrepreneurial leap and venture out on your own as a contractor or freelancer, one of the biggest challenges is creating a competitive and consistent pricing model you can stick to. It’s a real test of self-confidence to put a rate on your hours and truly believe you are worth this much. But it’s imperative to running a successful and sustainable business!

I have previously written on topics related to pricing services (like how to price for efficiency or tips for being smart and fair). However, even if “the price is right,” a subpar proposal can jeopardize your chances of getting a signed contract. How you package your proposal gives businesses a sense of your professionalism. It’s also an important opportunity to properly scope your work and protect your pricing.

As you might anticipate, I have passionate advice to share on this topic. This has come from my own trial and (sometimes critical) error, so take note! Here are six components that help to make up a fair and appealing proposal.

Account for any task that will require your time

When you create your proposal, you want to be as specific and all-inclusive as you can be with the services you will perform. My rule of thumb is to include any task that will require a reasonable amount of your time.

So often as contractors, we forget about the time and effort we put into things like doing research, attending meetings, answering emails and jumping on phone calls for clients. This doesn’t mean you necessarily need to charge more for these “expected” tasks, but it’s worth showcasing everything that goes into your relationship with your client so they understand the full value of the work you perform.

Quantify your deliverables

Simply saying “…will post to social media accounts” doesn’t put into perspective the tangible work that will be performed. Your client may worry about what they will actually get for the money. Be overly clear – there’s no reason to be vague with your efforts! A better version is, “…will post 6 times per week to Facebook, 3 times per day to Twitter and 4 times per week to Linkedin.”

I also prefer to use language like “up to 3 rounds of edits” because this protects you from getting stuck with a difficult client who requests that you redo your work from scratch 8+ time while still providing you with the flexibility to not have to deliver 3 rounds of edits, if they are not needed.

If you don’t define it, you can’t defend it. Should a project exceed its scope, you want to reserve the right to say that it is outside the terms of the proposal and is subject to an additional cost.

Organize services by goals

Showing your client you are an organized and detail-oriented professional begins with your proposal. Help them quickly grasp the value of what they will receive by organizing your services by the goal they aim to achieve. This will help to paint the bigger picture of how each service is strategically designed to work together and will also make your deliverables clear and direct. For clients who came to you without really knowing their goals, this added feature of your proposal will help them to feel secure under your direction (i.e. you’ll look like you have your stuff together).

Include an hourly rate for miscellaneous services

It’s natural for a project to exceed its scope once you’re signed into a contract and dig into the tasks. For example, your client may want five more web pages designed or would now like to add a weekly blog. These items will require more of your time and you need to get paid for this.

So long as you properly quantified your deliverables (see previous section we just discussed), you should have no problem responding to your client with “That sounds like a great idea! Let me get you a quote for that additional work.”

In an effort to appear both professional and transparent, I often include a line item in my proposals that note that miscellaneous writing and communication services can be completed at the rate of $X per hour. This gives clients a heads up for your normal hourly rate and reminds them that work outside the scope of this proposal is subject to additional cost.

Offer a discount for long-term commitments

For contracts that intend to be on a reoccurring basis (i.e. they have the same repeated deliverables each month with no obvious end date), I structure the pricing of my proposal to encourage clients to sign into a long-term commitment in exchange for a price break. Why? Contractors and freelancers love residual paychecks and clients love to feel like they’re getting a deal!

I suggest having three different price points. The most expensive is month-to-month. The added value here is the client’s complete flexibility to get out of a contract with minimal commitment. The next tier is per quarter. Finally, there is the annual contract pricing which is the best deal. I allow clients to still pay the breakdown each month (for cash flow sake), but they are committed to the length of the contract.

Bonus tip: I also include wording in the contract to allow for the client to adjust or increase services at any time, so long as the minimum contract price remains the same. This gives the client flexibility to add and remove services should their goals change over the course of a long-term contract, or should they wish to increase services (always a welcome change).

Set an expiration date

Finally, I have learned to include an “expiration date” on my proposals (usually 30 days from the date issued) to protect my pricing. I’ve experienced some clients go completely radio silent after receiving a proposal and then come back 4+ months later ready to engage. I can’t anticipate what other clients I may take on in the future and how my pricing may need to change to accommodate my bandwidth. The proposal expiration date allows me the right to issue a new proposal after 30 days has passed and change my pricing as I see fit. Every business must be mindful of supply and demand and how this impacts pricing; for contractors and freelancers, this is your hourly rate.

Additionally, an expiration date should give clients a nudge of encouragement to make a decision within 30 days and lock in your pricing and services while they are favorable and available. I’ve preached about how “a no is as good as a yes.” You want to receive a response to your proposal, even if it’s a no, so you can move forward….or move on.

What other questions do you have for crafting a fair and appealing proposal? Ask and I’ll answer!

 
 

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How to Stay Productive When Working from Home

How to Stay Productive When Working from Home

More and more people are realizing the benefits of working from home and making the transition into a virtual work environment. The core benefits are obvious, but there are also pitfalls to avoid. The biggest is hitting unproductive roadblocks when you’re in full control (and fully accountable) for your own schedule.

So what are the best ways to stay productive when working from home? Here are my top pieces of advice for anyone working from home and wanting to maintain a productive virtual work environment!

Define a real office space

When working from home, it’s ideal to have a defined and closed off environment that is designated as your work space. I have been guilty of not following this very advice, and can tell you that when you blur the lines between what area is for work and what area is for living, you do neither efficiently in those spaces.

For example, I used to work from the living room sofa. It was comfortable and convenient. But I found it difficult to unplug each evening because sitting in the living room made me feel like I needed to be doing work. It’s funny how easily we are trained!

While a true room to call your office is the best case scenario (for tax purposes too), this additional space is not always available in a busy home. Find an area that you do not tend to use for other “living” at least on a regular basis. Maybe this is a guest room, your dining room table that is only used a few other times a year, or a nook in your bedroom or finished basement that can accommodate a small desk. Just because your office environment is virtual, doesn’t mean it needs to be portable! Establish roots and you will be amazed how much more “grounded” you feel when working from home each day.

Limit your “social” visitors

When you work from home, people can often mistake what you do during the day for sitting around watching soap operas and eating Bon Bon’s. Work of all types and magnitudes can and does occur from people’s homes every day.

While I strive to make my home a relaxing space during my off hours, I am also a nose-to-the-grindstone type of worker when I need to be. The precious hours I dedicate to work are easily disrupted by a social phone call or pop-in visitor. Beyond the actual time conversing, I also lose the time it takes to get back into the work mindset.

Just because you’re at home during the day, doesn’t mean you are available for a mid-afternoon coffee date any more than people who work in a traditional office environment. My advice – schedule even your social appointments like work appointments. You will see how they add up throughout the week and steal productive hours from your day. If possible, save them for the evenings or weekends just like most other people do!

Don’t waste work hours on too many personal tasks

I have the tendency to want to multi-task (even though I know this is not an effective use of time). When working from home, I’m always finding household chores vying for my attention. I can lose hours of my workday to sweeping floors, tidying up and doing laundry. Here and there, these tasks can be fit in when I need a break from writing and help me to free up my evenings for more family time. But I try not to allow them to eat up more than a total of ½ hour of my day.

Another big time eraser is running personal errands. If I tack on grocery shopping after a client meeting, I lose at least another hour of my day by the time I can sit down and get in the work zone again. Inevitably such personal tasks may need to occur on work hours, but try to resist the temptation to use them as a way to procrastinate completing the bigger work projects you are simply trying to avoid.

Meet with clients outside the home

It’s a good argument that getting clients to come to you for meetings is the epitome of efficiency – but is it? I highly discourage hosting client meetings from your home. When you meet in a neutral space like a coffee shop or café, you both have the ability to make an exit whenever you need to.

In contrast, when you invite someone into your work space, you become a hostage to however long they wish to chat. Also, a home environment feels more casual and invites people to stray from business conversations or arrive late because they figure you’re going to be there anyways. All of these little things add up and eat away at your efficiency, leaving you less time for personal time at the end of the day.

Get help with childcare

If you are a hybrid mom or dad who works from home, there can be a lot of pressure to save money on childcare by handling it yourself since you’re =home during the day. The fact is that you already are saving a good bit of money by working from home and it’s not in the best interest of you or your children to try and juggle their care with your work. Someone will always lose.

When my son stopped sleeping the majority of the day, I realized I needed help with childcare. I was never fully present with him or my work. We have a nice schedule where I get four dedicated work days a week and he gets to see a variety of children his age and loving adults who offer him great care. The money I make during the hours he is in care more than offsets the investment. Plus, I am able to dedicate much needed attention to my first baby – my business – which all around makes me a happy mama!

Remember to strive for balance and flexibility – but it’s a work in progress!

Finally and most importantly, be reasonable with expectations for what can be accomplished in a day. Your workday is meant for work, but it should still be enjoyable. And working from home is a real treat that not everyone will get to experience!

Distractions, unexpected illnesses and other setbacks will occur, believe me. They do for everyone. Foremost, try to keep your sense of balance – and humor – before you try to do it all!

If you work from home, how do you preserve your productivity and avoid distractions? Share your ideas in the comments below!

 

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How to Love Your Career on the Days You Don’t (Guest Blog by Sarah Pike)

The following post comes to us from returning guest blogger, Sarah Pike. Sarah is a freelancer and teacher with a passion for sharing innovative ideas about entrepreneurship, productivity and company culture. Be sure to visit her author’s bio below to learn more and connect!

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How to Love Your Career on the Days You Don’t

How to Love Your Career on the Days You Don’tYou went into public relations because you loved it – the challenge, the juggling of projects, the deadlines, and the satisfaction of pulling off a mind-blowing coup in the nick of time. But the reasons you love it might overlap with the reasons PR was named one of the top 10 most stressful jobs for two years running.

And where there’s stress, there’s bound to be days when thefeeling of dissatisfaction rears its ugly head and has you wondering if you made a huge mistake. But just because you’re having an off day – or week – doesn’t mean it’s time to switch careers. Here are eight strategies to help you love your job again, even on days when that feels impossible.

1. Walk Down Memory Lane

Remember why you chose this career in the first place. Picture your first big win and remember how that felt. Think about the last time you felt really excited at work, and identify what the difference between that day and today is. By re-engaging with positive feelings about your work and looking for what might have changed, you can turn your day around for the better.

2. Look at the Bigger Picture

There’s a reason you work, and a big part of that reason has nothing at all to do with the office. You work so you can have everything else in your life. Reminding yourself that your career is why you are able to take fabulous vacations or live in a neighborhood you love can help take the sting out of career disillusionment. Virtually no job will give you 100% satisfaction each and every day. Take the good with the bad and remember that work is sometimes (more like often) “work” but it helps support other things in life you love.

3. Take up a Hobby

Sometimes you’re just overloaded and burned out. If there’s no immediate way to change your current workload or the project you’re working on, look outside the office for a sense of fulfillment. If you’ve always wanted to take a cooking class or learn a language, get started. Give yourself something else to look forward to and, once you start feeling accomplished after work, the nine-to-five will likely become more bearable.

4. Dress to Impress

It may seem too simple, but putting on that power suit or your favorite pair of strappy heels can totally turn your day around. You’ll instantly hold your head a little higher, walk with a little more purpose, and all those compliments you’re bound to get won’t hurt either.

5. Tell Someone

It may seem counter-intuitive to your career ambitions to let your boss know that you’re less than thrilled about your current position or tasks, but he or she might actually be the best person to help. Chances are your boss has felt exactly the same way, been able to fight through it, and not only stay in the field – but progress. And your boss may even be able to help mix up your current assignments to help you get over the hump and back to a place where you look forward to coming in every day. Connecting with a personal career coach is another way to help you identify actionable (and proactive!) strategies to turn your career around.

6. Connect with Colleagues

Even if you don’t feel connected to your current list of to-dos, you can still enjoy the workday by fostering supportive, fun relationships at work. Having a friend to look forward to seeing at the office is the next best thing to loving that pile of work on your desk.

7. Give Yourself a Break

Sometimes we need to unchain ourselves from our desk, computer, or tablet. Build regular breaks into your day where you can stand up, stretch, and take a breath of fresh air. If you have some flexibility in your schedule, keep heavy meetings for the middle of the day so you don’t start or end your day on a stressful note.

8. Reignite Your Passion

Look at people in your industry who are on fire. Study them, and if you have someone in your company or city that exudes love for their job, ask if they’d be willing to mentor you. Enthusiasm is contagious, and just being around someone full of passion for PR can get your career fires burning again.

No matter why you’ve hit a slump, there’s nothing worse than feeling miserable eight (or ten) hours a day. There’s a reason you jumped into the PR world with both feet, and you can reconnect with that initial excitement. All it takes is a little perspective and a healthy dose of compassion for yourself – we all go through tough times. Just don’t let one bad day ruin the rest of a rewarding, promising career!

What do you do to get through a tough day (or week) at work? Share your tips by commenting below!

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About the Author: Sarah Pike is a freelancer and teacher, with a slight productivity app obsession. When she’s not writing or teaching, she’s probably reading about career-pathing and wellness. She also enjoys following far too many celebrities than she should on Instagram. You can find Sarah on Twitter at @sarahzpike.

 

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True Test of Entrepreneurship: Are You Interested or Committed?

True Test of Entrepreneurship Are You Interested or CommittedThis month will mark the four year anniversary of the day I decided to make a hard right turn on a promising career to pursue the vast and unknown journey of an entrepreneur. I took the leap and landed on my feet – not out of luck, but out of a fiery commitment to do everything within my power to make this work.

That’s not to say I haven’t had to jump into survival mode when life threw curve balls, but I’m sitting here, typing this reflection today to tell you that there is a stark contrast between being interested in entrepreneurship and being fully committed to it.

Throughout the many lessons I’ve learned about entrepreneurship over these past four years, one of the most reoccurring was the difference between interest and commitment. I believe the quote by Kenneth Blanchard says it best, “…When you’re interested in doing something, you do it only when it is convenient. When you’re committed to something, you accept no excuses; only results.”

If you happen to find yourself at a crossroads of whether you’re interested in or committed to becoming an entrepreneur, consider the words that best describe your motivation and what category they fall into below:

When you are merely interested in something, you do it because it is…

Fun – Of course something that is fun will capture your interest and ignite a spark of excitement. When the task brings you joy, it’s natural to want to spend as much time as possible doing it. Unfortunately, many aspects of entrepreneurship are not fun, and are actually quite stressful.

New – The thrill of something new is always an intoxicating feeling. The unchartered territory and unlimited opportunities of entrepreneurship are some of the most common reasons why people are drawn to this lifestyle. But like anything that was once new, it will lose its shine and as a result, lose the attention of someone who was only “interested” in the venture for its newness.

Easy – One of the biggest determinants between whether you are interested in something or committed to something is whether you will still pursue the task once it is no longer easy. When we are interested in something, like entrepreneurship, it’s attractive when it’s obvious, easy and straightforward. As soon as the road begins to bend and a few tree trunks fall across your path, those who are merely “interested” will usually find a clear path to get the heck out of there!

Popular – Peer pressure is a very real force even long after we’ve left high school. In society, the career choices that seem “cool,” glamorous, interesting and trendy are attractive paths to follow. But what happens when that once popular idea loses the limelight – or worse yet, becomes criticized? Commitment means continuing to do what you said you were going to do, long after the popularity has worn off. A person who is merely interested in becoming an entrepreneur will move on to the next shiny object time and time again.

When you are fully committed to something, you ALSO do it because it is…

Fulfilling – Commitment is often accompanied by long hours and tough decisions. Some people may not understand or like what you are doing and boldly make this opinion known. But when you are committed to becoming an entrepreneur, it’s for reasons much deeper than those listed in the “interested” section above. One of these reasons is that the work is fulfilling to you. It’s a labor of love. You aren’t dependent upon popularity and publicity to keep you motivated; rather, the motivation comes from personal fulfillment.

Meaningful – In addition to pursuing a passion or filling void in your life, commitment is often connected to doing something that has a deep, personal meaning to you. In the case of entrepreneurship, we can find everyday examples of people who have started a business or non-profit to solve a problem that has impacted them personally. Helping other people, who have experienced your same problem, live better lives adds meaning to our own.

Worth the effort – We’ve all heard the notion, “Anything worth doing is worth doing right.” When you are committed to an entrepreneurial career, you don’t look for the shortcuts or easy ways out. You don’t want a “get rich quick” plan and you know that the words rich and quick rarely work together. It takes a lot of effort, but your commitment comes from believing it is worth it. You are prepared to invest a lot of hours into this venture – and you’re not looking for a quick return.

Your calling – Finally, and likely the best way to determine whether you are merely interested in entrepreneurship or whether you are fully committed to pursuing this unique career is deciding whether it is your calling in life. The most successful entrepreneurs didn’t just stumble upon this path, they were drawn to it, usually from as early as they can remember. While every journey has twists and turns, committed entrepreneurs will agree that all signs pointed them toward this type of career. Even amidst setbacks, you will not feel like a failure if you are going after what you are called to do.

Have you ever had to decipher between whether you were merely interested in something or fully committed to it? Share your personal experience by commenting below.

 

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