Leaving the corporate world for the life of an entrepreneur? While these two careers are drastically different, they do have a few key things in common. When starting out as an entrepreneur, be sure to keep the following seven things in mind:
1. Branding One’s Self
Entrepreneurs should always remember that they are their own brand. This is one of the most important things to take away from the corporate world. Cultivating a “personal brand” by maintaining one’s reputation, meeting customers’ needs, and knowing one’s strengths and weaknesses are essential to one’s success.
Part of working in the corporate world requires one to know how to relate to people with different styles, personalities, work experience, and the like. These capabilities are just as important when working as an entrepreneur.
When working for a corporation, networking is second nature. Whether one is meeting mentors, sponsors or looking to make more connections, networking plays a huge role in advancing one’s career. This is still true for the entrepreneur. As entrepreneurs are basically starting from scratch, it is relatively impossible to establish one’s company without proper networking.
Pitching is a practice that is a huge part of working in the corporate world. Whether one is providing progress updates or pitching a project, getting used to sharing one’s ideas publicly is something that is important for both the corporate worker and the entrepreneur. An entrepreneur can fine-tune their pitching skills by improving their public speaking skills.
5. Accepting Feedback
The corporate world thrives on feedback. With a culture that celebrates regular performance reports, working for a company helps acclimate one to accepting feedback. As an entrepreneur, it is important to understand one’s weaknesses and strengths. This makes it that much easier to welcome feedback, be it positive or negative.
Negotiation is a survival skill that is often used when working a corporate job. This critical skill is also an important one for entrepreneurs to have. When working with employees, suppliers, and clients, it’s always important to know how to ask the right questions when negotiating.
Leadership is a skill that is always necessary, in every aspect of life. Corporate workers often have many opportunities to refine their leadership skills. When entrepreneurs set out to create their small businesses, their leadership skills will eventually be required.
Entrepreneurs and corporate workers have more in common than they realize. By using these seven strategies, entrepreneurs will be well on their way to small business success.