What I learnt from a successful serial entrepreneur

What I learnt from a successful serial entrepreneur

I really do love meeting people and discovering their stories. Last week I had coffee with a woman I’d worked with on a judging panel for a prestigious women entrepreneur event. So, not enough time for a long talk, but enough time for me to be intrigued and wonder “how did she do it?” Meeting her at a funky cafe a few days later, I was ever so slightly intimidated. This woman had sold two businesses for several million each, and on her way to growing two more. And she had a very challenging start to her entrepreneurial journey as she started and financed a large business that scaled very quickly. Along the way, she remortgaged her house, not just once but three times. Gulp. When I asked her, how could she do it, take on that level of risk, she said she was very risk adverse. All her decisions were planned, thought out and scenarios assessed. And here’s the kicker, she didn’t see it as a risk because she knew it would work. She started that business, and her subsequent enterprises knowing they would be successful. Knowing that she would do whatever it took to make it work. Failure and fear didn’t enter her mind. Everytime a new project was undertaken, or new financing required, she entered into it with intentions of a successful outcome. Thus for her, investing in the business, taking what others may see as a leap of faith, was the obvious thing for her to do. Her mindset set her up for success. What difference would it make if we had the confidence that...
Shall I change my career?

Shall I change my career?

  February is my busiest month in this business. My clients have typically spent January thinking about getting a new job or starting a business, and (thankfully!) they decide to get some assistance to  work through their options. If you are sitting at your work desk, staring out the window, wondering if you should stay or go, then try this effective exercise to help clarify your thinking. This exercise is taken from my best selling book “Corporate Crossovers – when it’s time to leave the office and start your own business”. A letter to myself – Sliding Doors This exercise allows you to imagine what life could be like in five years’ time, depending on what decision you make. By thinking five years’ into the future, you loosen your grip on the current reality and your perspective shifts. This will help you make a cleaner decision away from the frenzy of the moment. Write yourself a letter entitled ‘Sliding Doors – Path A Versus Path B’. You will create two stories of your life, each one dependent on the decision you could take now. Path A: Write a story of what your life will be like in five years if you stay in your job, remaining in corporate life. Path B: The write another story of what your life will be like in five years if you leave your job now and start your own business or change your job. In both stories, be as detailed as possible. Describe clearly what your typical day and week would be like for each option five years into the future. Imagine the...
5 signs it’s time to leave your job

5 signs it’s time to leave your job

“Should I stay or should I go now?”  is not only a great song by The Clash, but also a constant refrain in many of my clients’ minds, as they contemplate what to do with their future. Feeling disenfranchised with their work, the culture of the workplace, questioning the value they may be adding, or asking ‘is this all worth it?’, are common experiences for my clients who want to move from disgruntled employee to inspired entrepreneur. They spend time weighing up the pros and cons of staying in their job, or starting their own business. When I interviewed 50 Corporate Crossovers for my first book “Corporate Crossovers – when it’s time to leave the office and start your own business” – the criteria that they used to decide whether they should stay or go were very similar, and are best summarized in the diagram below. If you have a niggling and you feel like you are weighing up whether to stay or  go, then see if these signs apply to you. Sign 1. You are at a career crossroads. Your job no longer satisfies you, and you have a hunch that getting a different job isn’t the answer. You desire more freedom, flexibility and control over how you spend your time and what you do. Click To Tweet Sign 2. The alarm rings, you roll over hit snooze, and instead of enjoying a couple more minutes snooze, you feel dread in the pit of your stomach about going into work. Your mind springs into action as you imagine the difficult meetings and tension of the day. You are...
5 steps to avoid a demotion when you start your own business

5 steps to avoid a demotion when you start your own business

As I write this, I have spent the day in the back end of my website sorting out technical issues with my new Accelerator Academy, the webinar service and my mail provider. Aargh!!!! Being submerged in the technical detail is not my place if genius. In fact, if I’m really honest, it’s days like this that make me want to get a job again, where I had an IT department and a marketing team to sort all this stuff out. And I worked on the ‘big’ stuff. But with my wonderful VA on maternity leave, I decided to do some of her tasks myself. BIG MISTAKE! Not only do I feel like I have given myself a demotion, but I know that every minute I spend on a detail oriented task is a minute I am not adding value to my business. I am being a busy fool. As someone who advises business owners to outsource and spend their time on revenue generating tasks, you can imagine that this did not sit well with me.  I fell into the common trap of thinking that if I can do it, I may as well do it, instead of taking the time to find lower cost, expert resources. This is not a sound approach to building a business.  As much as I resented the day, it firmed my resolve to follow my own advice and take the steps outlined below to avoid giving myself a demotion next week. If you feel you are getting frustrated by the minutiae of your business, and want a fresh approach, try these steps and let...
What’s in a business name?

What’s in a business name?

Wandering along the street to meet a dear friend for coffee, I spied this sign. “Bird on a Wire”. Intrigued, I stopped and peered inside the closed shop. Rotisserie chicken can be a dull thing. A roast bird cooked and prepared for an easy pick up, to be quickly enjoyed when you get home, or for your next picnic. Yet suddenly, this pedestrian take away sprung to life with a personality, a touch of humour and memorability. Bird on a wire is a brilliant name. It says exactly what is being sold, it has a quirkiness to it, and had made the dull memorable. Our names define us. Over many years of our life, we become attached to what people call us, what we think it means about us, how we are presented to the world..and of course, on our grave stone when we leave the world. Our name becomes the one defining piece of who we are. Choosing a name for our new business is significant. Not only will the name define the business, and what we want to create, but it will also determine who will be attracted to it. These factors will all play in our success. That’s a lot of pressure on a random collection of letters and symbols! Many of my clients who are embarking on their business start up journey agonise over their new business name. “What will people think?”, ‘what if I get it wrong?”. To help you in your business start up journey, here are my top tips for choosing names for your new business: Do you love it? This will...
Why Do You Do It? Thrive! TV Tips

Why Do You Do It? Thrive! TV Tips

Before you jump off the corporate ladder and leave your job behind to start up your business, take some time to get really, really clear on why you are doing it Your business will take a lot from you time, energy and money. It may even cost you relationships, your health and other opportunities. Before you fully commit to this, it is imperative that you get clear on the big reason WHY you are doing this business… When you go through those slumps and twists and turns, you need to know what the big idea is and your compelling reason why. This will keep you going in your darkest hour – it is WHY it matters. Also knowing your reason why at this early stage will help you to create the business on your terms. For instance, do you want to be financially free, or have a lifestyle business, with lots of flexibility to work around the kids? Your Action: Ask yourself these questions: Why is this important? What difference will it make to you? What difference will it make to your customers? Why do you want to start this – freedom, flexibility, passion? To use your expertise?        ...
ENDED – Fed Up With Your Job? WIN A FREE Business Coaching Session To Help You Start Your Own Business!

ENDED – Fed Up With Your Job? WIN A FREE Business Coaching Session To Help You Start Your Own Business!

If you’re fed up with your job and thinking of leaving to start your own business, then this competition is for you! I know how daunting it is to take the giant leap of leaving your job and how scary it is to start your own business, but it can also be exhilarating and if done right, it can be the best thing you’ll ever do! You have ideas buzzing around in your head, and you are not sure which one to go with, or even if it will work. You are lacking the clarity and confidence to move forward. I love working with my clients to help them take their thinking out of their heads and to make their ideas real and tangible. In a coaching session we will discuss your idea, its feasibility and put some energy behind it so you feel ready to move forward. If this sounds like what you need then enter my competition below! I would love to work with you. The winner of my competition will win a FREE business coaching session worth £250 from me, Wendy; business coach, mentor and speaker to women in business. The session will last for 1 hour, held conveniently over the phone or skype and will  give you the confidence and actions needed to start your own business. Everyone that enters will also receive my ‘Five Essential steps to start your business with confidence’ bonus eBook! This book will walk you through the five essential steps you need to start your business with confidence. It’s packed full with information, ideas and templates so you can take your...
Scared Of A Skills Shortage? Thrive! TV Tips

Scared Of A Skills Shortage? Thrive! TV Tips

You want to leave your job and set up your own business, or take a big new step in your current business but you stop, you hesitate. You’re scared From my research I know you are probably scared that you will fail, and fail because you don’t have the right skills to do it successfully. This fear can paralyze us, and we end up doing nothing. We dream about taking the leap but because we don’t think it will work, instead if trying anyway, we do nothing. The best way to beat a fear is to meet it head on! So, if you think you don’t have the right skills to do something, stop guessing and get some facts together! It’s time for a look under the bonnet and time for a skills audit. These are really simple to do… Think about the job or business you want to create What skills are needed – if you don’t know go and ask someone that does that type of thing already Review your list – and mark out of 10 how well you think you can do the skills required Then make a decision – will you learn how to do it, or outsource it Volia! You have the facts – a true picture of how big… or small your skills shortage really is Would you like a weekly burst of momentum delivered straight into your in box? Simply click on the button below, we’ll send you the latest tip each week! Sign me up for weekly Thrive!...
Should I Stay Or Go? Thrive! TV Tips

Should I Stay Or Go? Thrive! TV Tips

Procrastination can be a wonderful thing to keep us safe but it can also keep us stuck! Should I stay or go? If you are wondering if you should leave your job and start your business, or maybe you feel as if it is a step too far and it scares you, but the job isn’t doing it for you either… then try this, I call it my Sliding Doors visualization. Say you have 2 choices… stay in my job, or leave and set up my business. Choice 1 and choice 2. What I want you to do is to spend time imaging what your life would be like in 5 years if you took choice 1, or if you chose choice 2. Really visualize choice 1 – imagine how it would be to live your life, remaining in your job now. What you would do every day, how much you would earn, who you would meet, what would you love and where would you be challenged? Then visualize, if you can, 5 years into the future with the 2nd option… starting up your job. Imagine what it’s like to set up your business in 5 years time. Who will you be dealing with, who are your customers and what will your life be like? What will make you happy; what will stress you? When you have taken time to visualize your future outcomes you can start to understand the impact of the two decisions. That will give you give you clarity about what your futures may be. [new_line] Would you like a weekly burst of momentum delivered straight...
Why Do You Want To Leave Your Job?

Why Do You Want To Leave Your Job?

As the year draws to a close, we start to review our lives more critically.  We start to wonder if we want another year like we have just had, and what we could do to make the next year different, better, more appealing. What is it that ignites and stirs that desire for something different?  What is it that makes you consider leaving something you have known for many years?  A place where you have spent so much of your time, an environment where you may have defended decisions you haven’t truly supported, a place where you have met lifelong friends, even spouses, and where you have been paid, week in and week out. What is it that stirs the winds of change? And makes you become a Corporate Crossover, leaving your life as an employee to become an entrepreneur?  The ignition for that fire, and the catalysts for change, are different for everyone.  Every situation is very personal, based on our individual values and circumstances. But there is one thing we all have in common: there comes a point in our lives where we just can’t take it anymore The desire to leave and pursue our own business may have been bubbling along in the back of our minds for a while. Then a switch flips, or a series of events cascade, and the decision suddenly becomes obvious. You realise: There must be more to my life than this. I want to be in control of my destiny. I value my flexibility and autonomy over any job, salary or title. My cores values are not represented at the...
How Confident Are You About Leaving Your Job? Thrive! TV Tips

How Confident Are You About Leaving Your Job? Thrive! TV Tips

When we start thinking about leaving our job we need to feel confident around our idea and leaving our lives as we know it This can be a place of uncertainty and not feeling confident about our new business idea can make us feel stuck. If you want to feel more confident about your new business idea before you take the plunge to leave you need to take the 3-step plan: Your Action:   First of all socialize your business idea – tell your friends and family about it – ask them what they think Get support – you must have the right support in place as you make the change and discover this new life Skills – do you have the right skills to do the job – complete a skills audit to make sure Would you like a weekly burst of momentum delivered straight into your in box? Simply click on the button below, we’ll send you the latest tip each week! Sign me up for weekly Thrive!...
Guest Post: Free Tele-Summit ‘Is Your Website Legal?’

Guest Post: Free Tele-Summit ‘Is Your Website Legal?’

You have had the amazing idea for your business, splashed out a small fortune on a shiny new website or simply spent hours yourself creating it. The website is now open to the world, but is it legal? Did you even know that it had to be legal?  The answer is a big YES!! There are serious fines and implications if you do not comply with certain laws and have some key information on your website and stationery. This is regardless of whether you sell or not. For instance, if your website is not legal, you risk: Up to £500,000 fine and possible imprisonment for data protection offences A so-called “Stop Now Order” from The Office of Fair Trading and other enforcement agencies which as the name suggests, means stop business, NOW!  Stop NOW!! Copyright Brian Snelson Being asked by the courts to publish corrective statements to eliminate the continuing effects of past infringements. Bad publicity for your business as many punishments are broadcast on the enforcement agencies’ websites None of this is good for business and absolutely gutting when you have put so much time and effort into your website and all in good faith too. Most website developers are not aware of these laws either. Lest you break out in a cold sweat, fear not as I will be revealing exactly what you need to be legal and how to do it as part of a special FREE tele-summit for entrepreneurs hosted by Wendy Kerr of Corporate Crossovers on 17th Sept 2013 at 1pm. You simply register and then sit back and listen to the interviews from the comfort of your own office! There...
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