Would I be able to satisfy my entrepreneurial itch in a corporate environment?
I have been working on starting my own business. I am worried about having enough financial resources to get it off the ground. I am thinking the corporate route might be a better option, but I am concerned I will regret it and get bored. Has anyone found a corporate job with an entrepreneurial feel?
Good morning,may God still bless you for your hospitality and friendship to Laurent, i nerd training of business for the communities of young people in Haiti.
Am in the same situation.
Am @ a senior level on board of a very prestigious and top corporate. I also started my own business. The reality they conflict cause the corporate is taking most of my time and energy.
However only the time will tell when you are ready to completely detach and focus on your own business. This is when you have enough clients and strong will to dedicate all of you to your own business.
You are hardly alone in your thinking. However, trying to find a corporate job with an entrepreneurial feel is kind've like asking: can I find a romantic partner who will provide me with the ongoing fun and novelty and stimulation of being single and dating? Possible, but unlikely.
The satisfying answer lies in understanding what you most value and what you are willing to trade off...vs. what is non-negotiable.
When you say 'entrepreneurial feel', exactly what you mean by that? By putting it in words, you make it easier to look for it - or to know it doesn't exist n the corporate world.
When you say you are worried that you don't have enough financial resources to get it off the ground, do you know how much money you would need, and for how long? And are these numbers simply speculation or based on a track record - say, having done similar work - maybe even part-time? I can tell you - from having worked with lots and lots of business owners - and having had my own business for 20 years, anything in business almost always takes twice as long and costs 3 times as much as you think it will.
Some last thoughts. What's worst case if you go the corporate route and regret it and/or get bored? You could then quit and start your company.
My best advice is to get a job without a long commute and long hours. If it's in an industry that has something to do with the company you want to start, pay a lot of attention to any employment contract. Put in an hour before work and an hour after work working on your own business...as well as all day Saturday. Meanwhile, save at least 20% of your take-home pay towards being able to bankroll your business. If this sounds too difficult, abandon your hopes of being a business owner...it's not a fit for you. However, if you're game...know that your corporate job is simply a means to an end. And, then, you will be in a great position...whether or not you leave your corporate job.
Good luck, and best wishes.
Marilee "The Business Quarterback"
With the right company, yes. We call it intrapreneurial. One of our clients, for example, is a top tier restaurant with boutique lodging. Employees display certain interests such are gardening. The business owner helps the employee develop a flower business and then buys back floral products for both the lodging and restaurant. Given that turnover is often extremely high in Hawaii in the restaurant industry, employees of this establishment have been there for 20 or more years and receive exceptional benefits. So one of the questions you can ask in the interview process is "tell me how you develop intrapreneurial opportunities inhouse with your employees?" Some businesses really welcome it. Other's won't know what the word means.
I did. Just treat yourself as a consultant to your company. You don't have to tell your employee that, but you are basically selling your entrepreneurial services to your company for a steady pay cheque instead of contract after contract. Plus you can still have your side business if there is no conflict of interest and time.
Its about evaluating companies for satisfaction match so, you'll need criteria. This requires your self awareness your behavior style, motivation and values and a personal strategic plan. Then, your task is to explore various organizations to find the best fit of structure, strategy and culture which meet your criteria. Entrepreneurial spirit can be nurtured in many ways. Enjoy the process while holding on to your dreams.
Just join a startup firm of 3-4 employees. :)
Neither you will get bored and completely satisfied by the working environment. Just try it once.
Your best bet here may be to get the corporate job and prove to yourself whether you're happy and challenged there. If you're not, you'll have a better idea of what you want in a corporate position or that you can leave that all behind for the greener pastures of entrepreneurship. Keep in mind that the best performers in some corporate environments are given greater latitude to operate in a more self-directed environment, so getting a great fit of your talents to a position and delivering exceptional results could be just as fulfilling and a bit less stressful than the start-up route.
My thoughts are this: if you are more of a strategist and want to set direction, it takes a long time to get into those roles in a corporate setting, unless you already have that experience. If you don't mind working within an already set strategy, there are corporations out there who allow you to autonomously find and develop solutions, making it feel more entrepreneurial, but typically you still need to follow some common processes / reporting formalities.
If you don't need a lot of training, and you can work from home, getting started doesn't have to cost a lot of money - I did it without a huge sum of money, but my husband is working full time in a great job. It does take time, though, if you are starting without any clients whatsoever. As a warning.
I have been in the same boat with same feeling. I know several start-ups that have has that enviro (entrepreneurial and corporate). However, they end up loosing that entrepreneur feel as they grow.