What is an Employedpreneur?
My definition of an Employedpreneur: It’s a person who is a career professional by day (employed) and is either launching or running a business (entrepreneur) evenings and weekends. I call this status: ‘Double E’.
As a former Employedpreneur, there was a time that I was exhausted from launching then running a business while working a full-time job. What kept me going? Well, I made sure that I had a work/life blend (not a work/life balance).
I also had the joy of knowing that I could pay my bills (employed) while pursing my dream career (entrepreneur).
Here are 3 of my top 7 Tips for Being a Strategic Employedpreneur:
1. Make a ‘radical decision’ to change your mind set. In other words decide to be a ‘Double E’ at all costs. No pain no gain! You must be committed to being a career professional and an entrepreneur at the same time.
Most individuals who are employedpreneurs do plan to leave their corporate positions someday. Be sure to develop a timeline for your transition from employed to entrepreneur.
My timeline was four years. I wanted to make sure that I had enough money to leave a corporate role and be able to do things like: eat, live well, volunteer and make charitable contributions.
2. Identify your definition of success for the employed side of your life and then for theentrepreneurial side of your life. When you know your definition of success – you will know when you have reached it. Your definition can include a money or annual revenue target; a series of achievements or accomplishments; the inner peace of knowing that you are making a difference; establishing a net-worth goal, and the list goes on and on.
The key: the definition of success is yours alone.
3. Choose a profitable business idea that allows you to be a superstar during the day and a stellar performer by nights and weekends. In other words – let your business idea be something that you can do that does not require a whole new learning curve.
Your business idea should be something you are passionate about and something that allows you to utilize your employed skills to launch it and then grow it into a profitable business.
When your ‘Double E’ life is complimentary – it is easy to wear both hats. It does not need to be the same hat but they need to leverage each other.
Remember: if you are going to launch a business around what you love, you’ve got to find a business model that scalable and allows for sustainable profitability.
If you like what you have read thus far, stay tuned for the remaining 4 tips in my next post: 7 Tips for Being a Strategic Employedpreneur – Part 2.© Copyright 2014 Laureen Wishom