What happens when you leave corporate to set up your own business?

What happens when you leave corporate to set up your own business?

Leaving the perceived safety of the corporate world to start your own business can seem exciting and a great adventure, or it could be scary and risky, depending on your state of mind. Earlier this year I conducted research amongst 300 women business owners. Even though they said they love being self-employed, it isn’t always easy. The transition from employment can be challenging, with revenue and cash flow often erratic at the beginning. And in many cases they are unprepared for the sheer volume and variety of work encountered in running their own business. They may be very skilled in their area of business but it is the myriad of other demands on their time that they find challenging. Whether it is the legal approach, finances, IT or even managing their own diary, these are things that the women have traditionally relied on the large corporate framework to provide, and in many cases even taken for granted. There is no one at the end of their IT help line to fix the printer! Transitioning from corporate to one’s own business can also be challenging at the level of identity. After many years of having a certain title, reliable salary, working for an esteemed company and perhaps having many staff, when this disappears it can be a shock. As suddenly, those external cues we used to judge our success and identified with are gone. The women then need to update their identity based on their values and refresh their criteria of success. In my experience, when women haven’t done this, they may view their entrepreneurial venture as a failure because...
Do you have what it takes to be a success in your business?

Do you have what it takes to be a success in your business?

Deep into the second week of writing my book about Corporate Crossovers I am discovering some key themes about what has made them successful. Successful in their terms of living their values, creating an environment they love to work in and feeling in control of their destiny. And making decent money.   So far the themes that keep repeating themselves are: passion determination perseverance Passion about their product or service. Determination to make a success of their business. Perseverance to get the result they want, to push open closed doors and not take no for an answer the first, second, fifth or even the tenth time. If you were to rate yourself on these three qualities, where would you score? What needs to shift to get the success you want for your business? Let me know below how you fare, I would love to know!...
What business support do you need?

What business support do you need?

I have been so fortunate in the past few weeks to speak to over 30 Corporate Crossovers. These women have taken their valuable time and shared their story with me. I have heard all about their transition from corporate employee to business owner. Why they left and how it has been for them since. This is all for my new book coming out soon! The key theme that keeps on coming through from them, and the 300 Corporate Crossovers I surveyed earlier this year is the need for support. Support for them as they go through that transition from being a corporate employee in that framework to launching out on their own. Support as they grapple with the multitude of things that need to happen to get the business from concept to reality. Support as they learn to sell themselves, their ideas to new markets. And as they learn to value themselves and their time and put a price on it. And business support as they realize that maybe the actual performance of their business is different from their business plan. And support when it gets tough, when they’re tired from the long hours, feeling fragile from rejection and yet still persevere because they are so passionate about their idea and determined to make it a success. If these statements resonate with you – where are you getting your support from? The women I have spoken to find support from: partners and family close friends other business owners mentors coaches some networking groups (not all…so check carefully) b0oks and courses As we are all so individual, I urge you to...
Passion Helps Me Stay A Corporate Crossover

Passion Helps Me Stay A Corporate Crossover

I’ve been a Corporate Crossover for nine years……even as I type that I can’t quite believe it. Admittedly, I was a reluctant Corporate Crossover, leaving my job in London because we relocated to Tokyo, and unable to get a job there. So I started my own business as a coach. Nine years on,  there have been times when I have seriously considered crossing back to the other side. Those days when my to-do list seems never ending, when I was fed up with the money I was making and when I felt really isolated. I know from the research I have conducted of 300 women business owners that I am not alone in my feelings! The thing I love though about working with Corporate Crossovers, is that no matter how down they get, there is still always that desire to make their business work, because the thought of going back to their corporate job is so undesirable. I know that when I tap into my deeper passion for my business, my energy shifts – I am more excited, feel bolder and I want to make it work for what it will give others. This is a much different ‘toward’ and ‘building’ feeling about my business than doing it because the alternative of working seems a worse option. You may want to consider what is your deeper passion for your business – what is that impact you want to have on your customers? What is the difference you want to make? Tap into this and feel your energy and enthusiasm...

Thrive! TV Tip ~ Fed up? – Try an offsite

If you are feeling lack lustre and bored with your business – why not do what the big corporates do and treat yourself to an amazing off-site. Go somewhere gorgeous, take some inspirational books, pens and magazines. Brainstorm how you want your business to be in the next year and list out all the things that could make that happen! Let your imagination flow. And to acknowledge yourself for the work – make the day even better by having a wonderful lunch, massage or spa treat….. 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!...
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