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Tips From Successful Entrepreneurs Still Keeping Their Day Jobs

Tips From Successful Entrepreneurs Still Keeping Their Day Jobs
Are you cursing every hour between 9 and 5 just wishing you had more time to spend on your startup? No matter how ready you feel you are to start your business, keeping your day job for a while may be a good move.
You want your business to succeed, but focusing on it full-time may not be the answer you’re looking for. If you take the advice of the countless successful entrepreneurs who didn’t take the plunge into full time entrepreneurship right away, you may just be convinced that keeping your full-time gig while your business grows is the way to go. So what do these successful entrepreneurs have to teach us about growing a business while working full time? Here’s what they have to say:

1. Make sure there is a market need

If you look at why businesses tend to fail, you’ll see that the number one reason is that they create things that there is no market need for. It sounds like it should be obvious, but it’s not. It’s actually common for entrepreneurs to believe their idea is great and that it should be a success, only to find out after a huge investment and time and money, that it’s a failure. In fact, Shari Senderoff, who co-founded Career Sushi, a career marketplace that connects the world’s freshest minds with the most innovative companies, says making sure there’s a market need should be priority number 1.

2. Plan

Planning is crucial when it comes to being successful. If you start down one path and find that it’s not quite right, evolving and being able to plan the right move to make next is key. Israel Idonije not only plays for the Chicago Bears, but he also is the founder and CEO of Athlitacomics a sports hero comics line. “Launching a new endeavor while still employed full-time allows you to take your time and test the waters to gauge its potential for success. And most importantly adjust for the next play,” he shares.

3. Maximize your time

Brandon Turner, who is a real estate investor in addition to working a full time job, points out that there are still 72 hours left in the week after you subtract 40 hours for working and 56 for sleeping. Even though you may have other obligations, getting rid of time wasters will still leave you with time to work on your business.

4. Don’t let “no” stop you

Sara Blakely created Spanx – a billion dollar business – while still working her day job. She was successful because she didn’t take no for an answer. Being an entrepreneur means being rejected. But knowing when to persevere, pivot or give up on an idea is key. If everything is telling you that your idea is good and that customers will want what you are selling, don’t let the fact that other people don’t see your business vision stop you.

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5. Be willing to work

David Heinemeier Hansson worked as a consultant before starting his company 37Signals. He warns that even though many entrepreneurs dream of being an overnight success, “building something great takes a long time.”

6. Don’t seek validation

Sara Blakely also cautions against seeking validation, even from friends and family members. In fact, she didn’t tell anyone except her then roommate and boyfriend about the company she was building on the side, despite the amount of work she was putting into it. Though your friends and family may be well-meaning, they may also try to talk you out of your idea because to them it might “sound a little crazy.” But what seems crazy today might be visionary tomorrow.

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7. Focus

Steve Wozniak continued to work at HP while he co-founded Apple computer with Steve Jobs. He stresses the importance of focusing on the problems at hand and getting things done. “If you can’t figure out a way to test something and get it working, I don’t think you’re the right type of person to be an entrepreneur. Entrepreneurs have to keep adjusting … everything’s changing, everything’s dynamic, and you get this idea and you get another idea and this doesn’t work out and you have to replace it with something else. Time is always critical because somebody might beat you to the punch.”

8. Do something you’re passionate about

Leo Babauta is an extremely successful blogger who started his business while working full time. He also has six kids. His advice is to, “Make sure it’s something you’re passionate about — do it because you love it, not just to make money. If you do it for the money, you’ll eventually get tired of it and then you’ll be doing something you hate … and you can only do that for so long.”

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You don’t have to quit your day job to be successful when you start a business. These entrepreneurs succeeded because they knew that in order to make it, it would take more than just more hours. Knowing what to do – and what not to do – with those hours is what will give you the edge.

Featured photo credit: campuspartycolombia via flickr.com

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Jessica Sweet

Career Coach

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Last Updated on December 3, 2019

7 Powerful Steps to Achieve Career Success

7 Powerful Steps to Achieve Career Success

I often hear people say, “I want to be successful but don’t know where to start” or “I’ve achieved career success yet I’m not happy.” And then I ask, “what does career success mean to you?” And many have a hard time articulating their response with much conviction.

It’s common that people lack clarity, focus, and direction. And when you layer on thoughts and actions that are misaligned with your values, this only adds to your misdirected quest to achieve your career success.

A word of caution. It’s going to take some time for you to think about and work on your own path for career success. You need to set aside time and be intentional about the steps you take to achieve career success. In my opinion, this step-by-step guide is apart of your life philosophy.

1. Define Career Success for Yourself

Pause. Give yourself time and space for self-reflection.

What does career success mean to you?

This is about defining your career success:

  • Not what you think you ‘should’ do
  • Not what people may think of you
  • Not adjusting to friends and family’s judgements
  • Not taking actions based on societal or community norms

“A flower does not think of competing to the flower next to it. It just blooms” – Zen Shin

When you strip away all your external influences and manage your inner critic, what are you left with? You need to define career success that best suits your life situation.

There’s no fixed answer. Everyone is different. Your answer will evolve and be impacted by life events. Here are a few examples of career success:

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  • Work-life balance
  • Opportunities for growth and advancement
  • Feeling valued that my contributions had an impact

Now even as you reflect on the examples above, the descriptions are not specific enough. You’ve got to take it deeper:

  • What do you mean by work-life balance?
  • What do you consider to be opportunities for growth and advancement?
  • How do you like to be recognized for your work? How do you know if your contributions have had an impact?

Let’s take a look at some potential responses to the questions above:

  • I want more time with my family, and less stress at work
  • I want increased responsibilities, to manage a team, a higher income, and the prestige of working at a certain level in the company
  • I’d like my immediate leader to send me a thank-you note or take me out for coffee to genuinely express her or his gratitude. I’ll know I’ve made an impact if I get feedback from my coworkers, leaders and other stakeholders.

Further questions to reflect on to help narrow the focus for the above responses:

  • What are some opportunities that can help you get traction on getting more time with your family? And decrease your stress at work?
  • What’s most important for you in the next 12 months?
  • What’s the significance of receiving others’ feedback?

Now, I’m only scratching the surface with these examples. It takes time to do the inner work and build a solid foundation.

Start this exercise by first asking what career success means to you and then ask yourself meaningful questions to help you dig deeper.

What types of themes emerge from your responses? What keywords or phrases keep coming up for you?

2. Know Your Values

Values are the principles and beliefs that guide your decisions, behaviors and actions. When you’re not aligned with your values and act in a way that conflicts with your beliefs, it’ll feel like life is a struggle.

There are simple value exercises that can help you quickly determine your core values. This one designed by Carnegie Mellon University can help you discover your top 5 values.[1]

Once you have your top 5 values keep them visible. Your brain needs reminders that these are your top values. Here are some ways to make them stick:

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  • Write them on cue cards or notes and post it in your office
  • Take a picture of your values and use it as a screensaver on your phone
  • Put the words on your fridge
  • Add the words on your vision board

Where will your value words be placed in your physical environment so that you have a constant reminder of them?

3. Define Your Short-Term and Long-Term Goals

When writing your short-term and long term life goals, use the SMART framework – Specific Measurable, Attainable, Relevant, and Time-bound. Treat this as a brainstorming exercise. Your potential and possibilities are limitless.

How you define short-term and long-term is entirely up to you. Short-term can be 30 days, 90 days, or 6 months. Maybe long-term goals are 4 months, 1 year, or 10 years.

Here are a few self-reflection questions to help you write your goals:[2]

  • What would you want to do today if you had the power to make it the way you want?
  • If no hurdles are in the way, what would you like to achieve?
  • If you have the freedom to do whatever you want, what would it be?
  • What type of impact do you want to have on people?
  • Who are the people you most admire? What is it about them or what they have that you’d want for your life or career?
  • What activities energize you? What’s one activity you most love?

Remember to revisit your core values as you refine yours goals:

  • Are your goals in or out of alignment with your core values?
  • What adjustments do you need to make to your goals? Maybe some of your goals can be deleted because they no longer align with your values.
  • How attainable are your goals? Breakdown your goals into digestible pieces.
  • Do your short-term goals move you towards attaining your long-term goals?

Get very clear and specific about your goals. Think about an archer – a person who shoots with a bow and arrows at a target. This person is laser focused on the target – the center of the bullseye. The target is your goal.

By focusing on one goal at a time and having that goal visible, you can behave and act in ways that will move you closer to your goal.

4. Determine Your Top Talents

What did you love doing as a kid? What made these moments fun? What did you have a knack for? What did you most cherish about these times? What are the common themes?

What work feels effortless? What work do you do that doesn’t seem like work? Think about work you can lose track of time doing and you don’t even feel tired of it.[3]

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What are your desires? Try it out. Experiment. Take action and start. How can you incorporate more of this type of work into your daily life?

What themes emerge from your responses? How do your responses compare to your responses from the values exercise and your goals?

What do you notice?

5. Identify ‘Feeling’ Words You Want to Experience

Do you have tendencies to use your head or heart to make decisions?

I have a very strong tendency to make rational, practical, and fact-based decisions using my head. It’s very rare for me to make decisions using my emotions. I was forced to learn how to make more intuitive decisions by listening to my gut when I was struggling with pivotal life decisions. I was forced to feel and listen to my inner voice to make decisions that feel most natural to me. This was very unfamiliar to me, however, it expanded my identity.

Review this list of Feeling Words. Use the same technique you use for the values exercise to narrow down how you want to feel.

Keep these words visible too!

Review your responses. What do you observe? What insights do you gain from these responses and those in the above steps?

6. Be Willing to Sit with Discomfort

Make career decisions aligned with your values, goals, talents and feelings. This is not for the faint hearted. It takes real work, courage and willingness to cut out the noise around you. You’ll need to sit with discomfort for a bit until you build up your muscle to hit the targets you want.

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Surround yourself with a supportive network to help you through these times.

“These pains you feel are messengers. Listen to them” – Rumi

7. Manage Your Own Career

Not to be cynical, but no one can make you happy but yourself. If you don’t take control of your career and manage it like your own business – no one will.

Discern between things that you can control and what you can’t control. For example, you may not be able to control who gets a promotion. However, you can control how you react to it and what you’ve learned about yourself in that situation.

Summing Up

For many who have gone through a career change or been impacted by life events, these steps may seem very basic. However, it’s sometimes the basics that we forget to do. The simple things and moments can edge us closer to our larger vision for ourselves.

Staying present and appreciating what you have today can sometimes help you achieve your long-term goals. For example, if you’re always talking about not having enough time and wanting work-life balance, think about what was good in your work day? Maybe you took a walk outside with your co-workers. This could be a small step to help you reframe how you can attain work-life balance.

Remember to take time for yourself. Hit pause, notice, observe and reflect to achieve career success by getting deliberate and intentional:

  1. Define Career Success for Yourself
  2. Know Your Values
  3. Define Your Short-Term and Long-Term Life and Goals
  4. Determine Your Top Talents
  5. Identify ‘Feeling’ Words You Want to Experience
  6. Be Willing to sit with Discomfort
  7. Manage Your Own Career

“When you stop chasing the wrong things you give the right things a chance to catch you.” – Lolly Daskal

Good luck and best wishes always!

More Tips on Advancing Your Career

Featured photo credit: rawpixel via unsplash.com

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