Are you an entrepreneur who feels caught in the trap of a corporate life? How can you ever break free and live your dreams? Sadly, many terrific business ideas die before they are ever born because the dreamer did not know how to get his or her dreams out of their heads and into reality. With no experience and little network, it can be almost impossible for an up and coming entrepreneur to bring his or her ideas to life. So, what can be done? Before you can pull yourself out of the corporate trap, you must make sure that you are ready to jump out there and make your dreams reality. Here are a few ways to do just that.
Be Aware of Your Weaknesses
As Inc explains, in the business world, we are often told to rely on our strengths to get the job done. This is always good advice, but the unfortunate downfall is if you focus only on those strengths and fail to weigh in your weaknesses. Before you contemplate starting up a business of any kind, it is important to understand what experience that you may be lacking, which skills you may need to learn in order to run your business smoothly, etc. Work on those weaknesses before you go to work on your business so that they don’t come back to haunt you later.
Learn the Whole Store
In many fast-food restaurants, before someone can make manager, they must “learn the whole store.” This means that while training to be manager, one does not simply learn the job that a manager does but must be able to do every job in the entire restaurant…from cleaning restrooms to inventory. Manager trainees often wonder why they have to learn to do the menial tasks which will be given to lower-level employees, but the importance is big. If a manager knows how to do every job in the restaurant, then he or she will never have a problem if one of the “lower-level” employees doesn’t show up for work. The same is true of business owners and entrepreneurs. In order to make sure that your business always runs smoothly, it is vital for you to always know every aspect of its operation. It is important to note that this is not just true at startup. As the business grows and new jobs are added, you must make sure to be able to do those jobs as well.
Listen to Your Critics
When a person is starting a new project, they will naturally seek out those who only offer encouragement. While encouragement is good, (as we will see in the next segment) it is vital to keep a balance between the devoted faith of a loved one, and the confidant belief of one who knows the ropes of the business. The constructive criticism of those who understand entrepreneurship and what it takes to run a business can become one of your best tools. Swallow your pride and listen objectively to those who aren’t promising all rainbows and butterflies. Open your mind and hear what they have to say. If starting this business is a lucrative idea now, then you know the sacrifices will be worth it.
We will continue this topic in our next article.