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.
Yes, if you like the environment. If you feel bore and wanted to leave, than it is not about entrepreneurial feel, it is about commitments and perseverance.
My first several jobs were with startups so they were entrepreneurial in that we all wore several hats, pitched in to help wherever it was needed, and felt like our efforts really mattered to the success of the business. Then as they grew they lost that entrepreneurial feel, I got bored, and went and found a new job at a more entrepreneurial place.
I would encourage you to carefully define what you mean by "entrepreneurial feel." I'm certain you can find some aspects of that in a corporate job. And you're not making a life decision here. If it turns out to not be what you want, you can always go find a better opportunity in another company or start your own.
I hope that helps.
You're smart to worry about your finances, Deana, because startups most commonly fail due to lack of capital. However, if you are cut from an entrepreneurial cloth, you are likely going to have a rough ride in the corporate world. As Mike suggested below, if you take the corporate job as a means to an end, you can use it to your advantage. Take the paycheck and options and save your money so that you can start your business sufficiently capitalized. Even more importantly, ensure that your learning curve remains steep. There is a lot to learn in the corporate world that will be helpful when you are on your own, and corporate employees often have access to a wide range of training opportunities. If/when your learning curve goes flat (either because of the situation or your own frustration), it's time to bolt! There is nothing worth allowing yourself to become a hamster on the corporate wheel.
No, join a startup. It's basically the only way you'll get the same latitude, but say goodby to your business cos you'll be working 24/7. However if you pick the right one, you might make a ton of money and have enough of it to do your own thing ;-)
First, if your goal is to have some money/financial resources before you take the leap,
that's a question that is close to my heart, and being on the verge to do exactly the opposite of what you are thinking to do I totally understand your concern.
The short and bold answer to your question in my opinion and through my own experience is : NO you won't find a corporate job that will fulfil your entrepreneurial hunger.
However you have companies that definitely would give you a slice of it, or at least an illusion, now it depends if that's enough for you.
The way I have experienced both world is that if you create your own business, to start it and take it off the ground is the most difficult bit, however the satisfaction you get when you succeed is exhilarating and log term. You van even think about the legacy you can create and leave behind. Now you have also the financial uncertainty, the self doubt , the loneliness but that's mostly in the beginning.
On the other hand, being of an entrepreneurial mindset you will most likely be a great success in a corporate job where you have an entrepreneur feel ( and you might have been already), but after the whole hard work, sweat an tears you would have put in it you will realise sooner or later that you are just part of a big machine. You can be the best tool ever, you will stay a tool. And that can definitely put you to question everything you are doing and whether you are wasting a precious time to do something that will never really be yours neither will be recognised to the standard you deserve.
Tough question but you are the only one that can make the decision for yourself, but my advice would be to weigh both paths in light of what you really want to be remembered for and if you want to be remembered ;-)
It is of course easier said than done, but well worth figuring it out before you feel it is too late to go after what you really want.
If you decide to go/back to corporate business I would definitely recommend Gartner, but my previous points stand.
Good luck, and please let me know if it helped, or if you would like me to develop any part. (I tried to be concise and it is not my forte, working on it though;-))
There is no such thing as a corporate job with an entrepreneurial anything! If you look at the word's definition you will see how ludicrous your question actually is. Sorry to be so blunt but that the fact.
Lots of answers have been given already. My personal take is that in my opinion there are definitely possibilities to satisfy your entrepreneurial thirst in a corporate world but from a personal perspective I will always prefer the entrepreneurial route because I know it gives me more satisfaction (so basically for me both can be satisfying but I prefer to be an entrepreneur).
Doubtful. Maybe for awhile, but then it will begin to grate on you. I remember my last "real job." I was a salaried professional. One morning I got to my office about 8:05. My boss (the owner) came in, pointed at his watch, and yelled, "VAN HORN! YOU'RE SUPPOSED TO BE AT YOUR DESK READY FOR WORK AT 8 AM SHARP!!"
Shortly after that I left to start my own business. That was 30+ years ago. Since then I have owned three businesses--the current one for 20 years now.
If you take a corporate job, view it as a tactic to prepare for the launch of your own entrepreneurial business. Set a timeframe and plan of action. Stick to it.
Fine a coach who can help you work through the tough patches.
Your thought process is quite revealing.
I am not trying to be harsh but an entrepreneur would have no problem answering your question. Their motto would be "just do it".
It suggests that your confidence levels concerning creating solutions to problems is not quite high enough for you to take the big leap just yet. You need experience and if possible exposure to big challenges. You will get this in a corporate environment as long as you pick one that will work with your skill sets.
Most corporates are prepared to challenge good people to try and expand their knowledge and experience and accept that they will make mistakes along the way.
The key for you is understanding your own strengths, (not weaknesses), and working with those to find ways to make good instant decisions that take you in a direction you know in your own heart you must go.Retain strong values at all times.
Be brave, not foolish. Find people who you can work with who have the strengths you do not have, and build a team that will let all of you win. At some point you will just know that it is time to set out alone with the knowledge that you will make sure it happens. Be prepared to work harder and longer than you have ever worked for someone else and never be afraid to ask for help.
My final comment would be no matter which direction you choose, is knowing when it is not working and is not going to work no matter how hard you try, and being prepared to give up and start all over with the same positive attitude in a new venture.