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6 Reasons to Take a Risk and Give Entrepreneurship a Shot

6 Reasons to Take a Risk and Give Entrepreneurship a Shot

We’re in the age of startups right now – they are popping up at every corner. More and more people each day are finding a way to be daring enough to build their own company by starting from scratch. If you feel torn at the thought of taking on such a large responsibility, you should at least do your research and feed that adventuresome part of yourself.

Although this is one risky step and it requires you to invest every inch of yourself while giving more than one hundred percent, it all becomes worth it after you start to climb the ladder to success through developing your own business.

Get Yourself Out There

It’s quite common for someone not to like their current job – only a small number of people are satisfied with their careers and they are probably born under a lucky star. People who like their jobs wake up happy in the morning – even on Mondays, believe it or not.

Finding enough courage to get yourself out there is a journey and you can never be ready enough or prepared enough, so waiting for the right moment can take a decade. You most likely don’t have that kind of time, so you should take that leap of faith and tell your story to the world by starting a business that reflects your ideas and passions.

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Financial Independence

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    This one is a long shot, because some time will be necessary until you reach a stress-free period and you become financially independent, but this is one great benefit that comes from having your own company. You’ll be the one calling all the shots and giving out paychecks – including yours.

    However, you need to consider one very important fact – handling money isn’t as simple as it sounds. People go through years of education in order to learn to manage it and many startups fall apart because they don’t have the right leadership that understands how to distribute funds.

    Therefore, achieving financial independence is something that will come in time and that needs to be done by following the guidance of experts, but once you get there, you’ll understand what being your own boss is all about.

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    Skill Development

    One of the most problematic things which cause people to be deeply unsatisfied with their current work positions are dead-end careers. When you know there’s no room for you to develop your skills and talents properly and you have been stagnating for a while, there’s really no reason for you to express enthusiasm or work on increasing your productivity.

    If that is your current situation, you should definitely give entrepreneurship a shot. You were not born only to live month-to-month, so you can just pay your bills and get severely depressed in time – life is so much more than that. However, it has to be you to discover this, no one else will do it for you.

    Stability and Personal Development

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      While on the subject of depression and general unhappiness with what life has to offer, being a business leader implies meeting new people and getting to know the world and the way it functions. Widening your horizons in such a manner is soul food, and through this you’ll be able to get to know yourself better.

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      Having a business of your own will enable you to feel freedom like no other. Although making moves that put the future of your company at stake on daily basis can be quite scary, that it is exactly what makes it thrilling.

      Gathering New Knowledge

      If you’re a natural problem solver and you feel a sort of satisfaction when you come up with a solution, becoming an entrepreneur might be written in your stars. This profession will require you to study growth-hacking methods, learn about outsourcing and its benefits, and become a leader who treats his or her team with empathetic care as you become a respected member of society.

      A precondition for this is to have an inexhaustible desire to learn and have a wide skill set. Persistence, consistency and strength are also key characteristics of a true leader.

      Build Your Legacy

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        You should treat the process of building a company like an artist treats his life’s masterpiece – the final results should be breathtaking. Becoming a successful entrepreneur is one way to leave your mark and leave something behind, so that future generations can continue where you left off. If you share this vision of entrepreneurship and you see it not only as your personal progress, but your tendency is to spread it on a larger scale, you might be up for the job.

        It’s also a lot more than having a team you can boss around. If this is your goal you should know that your entrepreneurship won’t last for long. Your attitude needs to be philanthropic first, and all personal gain comes as a deserved reward later.

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        Djordje Todorovic

        Blogger, Gamer Extraordinaire

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        Last Updated on August 20, 2019

        How to Find New Growth Opportunities at Work

        How to Find New Growth Opportunities at Work

        Career advancement is an enticement that today’s companies use to lure job candidates. But to truly uncover growth opportunities within a company, it’s up to you to take the initiative to move up.

        You can’t rely on recruiter promises that your company will largely hire from within. Even assurances you heard from your direct supervisor during the interviewing process may not pan out. But if you begin a job knowing that you’re ultimately responsible for getting yourself noticed, you will be starting one step ahead.

        Accomplished entrepreneur and LinkedIn Co-Founder Reid Hoffman said,

        “If you’re not moving forward, you’re moving backward.”

        It’s important to recognize that taking charge of your own career advancement, and then mapping out the steps you need to succeed, is key to moving forward on your trajectory.

        Make a Point of Positioning Yourself as a Rising Star

        As an employee looking for growth opportunities within your current company, you have many avenues to position yourself as a rising star.

        As an insider, you’re able to glean insights on company strategies and apply your expertise where it’s most needed. Scout out any skills gaps, then make a point to acquire and apply them. And, when you have creative ideas to offer, make it your mission to gain the ear of those in the organization who can put your ideas to the test.

        Valiant shows of commitment and enterprise make managers perk up and take notice, keeping you ahead of both internal and external competitors.

        Employ these other useful tips to let your rising star qualities shine:

        1. Promote Your Successes to Your Higher-Ups

        When your boss casually asks how you’re doing, use this valuable moment to position yourself as indispensable: “I’m floating on clouds because three clients have already commented on how well they like my redesign of the company website.”

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        Tell your supervisors about any and all successes. Securing a new contract or signing a new customer should be a cause for celebration. Be sure to let your bosses know.

        2. Cultivate Excellent Listening Skills

        Listen well, and ask great questions. Realize that people love to talk about themselves.

        But if you’re a superb listener, others will confide in you, and you’ll learn from what they share. You may even find out something valuable about your own prospects in the company.

        If others view you as even-minded and thoughtful, they’ll respect your ideas and, in turn, listen to what you have to say.

        Check out these important listening skills: 13 Powerful Listening Skills to Improve Your Life at Work and at Home

        3. Go to All Office Networking Events

        Never skip the office Christmas party, your coworker’s retirement party, or any office birthday parties, wedding showers, or congratulatory parties for colleagues.

        If others see you as a team player, it will help you rise in your company. These on-site parties will also help you mingle with co-workers whom you might not ordinarily have the chance to see. For special points, help organize one or two of these get-togethers.

        Take the Extra Step to Show Your Value to the Company

        Managers and HR staff know that it can be less risky – and a lot less costly — to promote from within. As internal staff, you likely have a good grasp of the authority structure and talent pool in the company, and know how to best navigate these networks in achieving both the company’s goals and your own.

        The late Nobel-Prize winning economist, Gary Becker, coined the term “firm-specific,” which describes the unique skills required to excel in an individual organization. You, as a current employee, have likely tapped into these specific skills, while external hires may take a year or more to master their nuances.

        Know that your experience within the company already provides value, then find ways to add even more value, using these tips:

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        4. Show Initiative

        Commit yourself to whatever task you’re given, and make a point of going above and beyond.

        Position yourself so that you’re ready to take on any growth opportunities that present themselves. If you believe you have skills that have gone untapped, find a manager who will give you a chance to prove your worth.

        Accept any stretch assignment that showcases your readiness for advancement. Stay late, and arrive early. Half of getting the best assignments is sticking around long enough to receive them.

        5. Set Yourself Apart by Staying up on Everything There Is to Know About Your Company and Its Competitors

        Subscribe to and read the online trade journals. Become an active member in your industry’s network of professionals. Go to industry conferences, and learn your competitors’ strategies.

        Be the on-the-ground eyes and ears for your organization to stay on top of industry trends.

        6. Go to Every Company Meeting Prepared and Ready to Learn

        A lot of workers feel meetings are an utter waste of time. They’re not, though, because they provide face-time with higher-ups and those in a position to give you the growth opportunities you need.

        Go with the intention of absorbing information and using it to your advantage — including the goals and work styles of your superiors. Respect the agenda, listen more than you speak, and never beleaguer a point.

        Accelerate Your Career Growth Opportunities

        A recent study found that the five predictors of employees with executive potential were: the right motivation, curiosity, insight, engagement, and determination. These qualities help you stand out, but it’s also important to establish a track record of success and to not appear to be over-reaching in your drive to move up in your company.

        Try to see yourself from your boss’s position and evaluate your promote-ability.

        Do you display a passion and commitment toward meeting the collective goals of the company? Do you have a motivating influence with team members and show insight and excellence in all your work?

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        These qualities will place you front and center when growth opportunities arise.

        Use these strategic tips to escalate your opportunities for growth:

        7. Find a Mentor

        With mentorship programs fast disappearing, this isn’t always easy. But you need to look for someone in the company who has been promoted several times and who also cares about your progress.

        Maybe it’s the person who recommended you for the job. Or maybe it’s your direct supervisor. It could even be someone across the hall or in a completely different department.

        Talk to her or him about growth opportunities within your company. Maybe she or he can recommend you for a promotion.

        Not sure how to find the right mentor? Here’s How to Find a Mentor That Will Help You Succeed.

        8. Map out Your Own Growth Opportunity Chart

        After you’ve worked at the company for a few months, work out a realistic growth chart for your own development. This should be a reasonable, practical chart — not a pie-in-the-sky wish list of demands.

        What’s reasonable? Do you think being promoted within two years is reasonable? What about raises? Try to inform your own growth chart with what you’ve heard about other workers’ raises and promotions.

        Once you’ve rigorously charted a realistic path for your personal development within the company, try to talk to your mentor about it.

        Keep refining your chart until it seems to work with your skills and proven talents. Then, arrange a time to discuss it with your boss.

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        You may want to time the discussion around the time of your performance review. Then your boss can weigh in with what he feels is reasonable, too.

        9. Set Your Professional Bar High

        Research shows that more than two-thirds of workers are just putting in their time. But through your active engagement in the organization and commitment to giving your best, you can provide the contrast against others giving lackluster performances.

        Cultivate the hard skills that keep you on the cutting edge of your profession, while also refining your soft skills. These are the attributes that make you better at embracing diverse perspectives, engendering trust, and harnessing the power of synergy.

        Even if you have an unquestionably left-brain career — a financial analyst or biotechnical engineer, for example — you’re always better off when you can form kind, courteous, quality relationships with colleagues.

        Let integrity be the cornerstone of all your interactions with clients and co-workers.

        The Bottom Line

        Growth opportunities are available for those willing to purposely and adeptly manage their own professional growth. As the old adage says,

        “Half of life is showing up.”

        The other half is sticking around so that when your boss is looking for someone to take on a more significant role, you are among the first who come to mind.

        Remember, your career is your business!

        More About Continuous Growth

        Featured photo credit: Zach Lucero via unsplash.com

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