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51 Questions to Ask to Find Out: Is Entrepreneurship Right for You?
1.
IS ENTREPRENEURSHIP RIGHT
FOR YOU? A 51-‐Question Guide to Find the Right Answer by Farnoosh Brock Prolific Living Inc. – Copyright 2009-‐2014 ©
2.
Do you think
like an entrepreneur? Would the lifestyle and the mindset of an entrepreneur serve as the right path for you? Are you meant for entrepreneurship and perhaps not even aware of it? I admit being an entrepreneur is not the right course for everyone. In fact, being an entrepreneur may not be the right choice for you at one phase of your life but the ideal choice at another phase. Because not only are people vastly different and thus view their work life differently, you as an individual change and evolve over the course of your career years. Yet, how many people go through an exercise of finding out for certain whether it is the right course for them? I know that I fell into it somewhere at the edge of my patience with my corporate career, in the depth of my self-‐discovery and at the height of my misery. Funny how bad things lead to good stuff in life, right? Now let’s find out if entrepreneurship is right for, now or someday in your brilliant future. Shall we? From Corporate to Entrepreneurship During the time that I was a devoted corporate employee, I could never see myself as a thriving entrepreneur. The prospect did not interest me at all. The early years of my corporate life plus my 18-‐month experience with a start-‐up were all about rising on the corporate ladder and the idea of not working for a large Fortune 500 company and belonging to a large entity scared me to pieces. It was not until the latter years where I began to feel this yearning for meaningful work. I had so much accumulated unhappiness and misery in the corporate environment that I woke up one day only to realize that I was an absolute misfit for the corporate life in every sense of the word. Whatever it is I was meant to do was not to be found in the corporate landscape. And no one is more shocked about this discovery than yours truly, trust me. Prolific Living Inc. – Copyright 2009-‐2014 ©
3.
Suddenly, almost overnight,
my entire perspective changed. Years of stigma broke down as quickly as a deck of cards on loose footing. The idea of creating and building a business with my own two hands from scratch appealed to me like a newly discovered taste that had been missing from the nourishment of my soul. Entrepreneurship fit me like a new skin, a better one than any I had known. It embraced me in all its elements, from the grueling hours to in the incredible liberation, from the discipline and difficulties of doing things on my own to the delight of earning money precisely the way I chose to do. I loved this brave new world, despite all the gloom and doom the world will have you believe about the general state of economy. My daily experience continues to affirm my foresight every single day and I know that I have finally arrived home in my work life. I was meant to work for myself through and through. What about you? How would entrepreneurship fit your beliefs and your lifestyle? Work was meant to be so much more than it is today. Cultures and lifestyles have slowly diminished the idea of work to a singular means of a survival, a meaningless miserable rat race in which we are lucky to partake if we have a “job in this economy.” But work is not just something you do to earn a paycheck. Work can define your contributions to the world. Work can be your legacy if you put your gifts and talents into it. Work can be a direct expression of your passions and that is for more than just the artist, the painter or the musician. It is for anyone! Work can be meaningful and profitable if you choose to believe so. My paradigm shift started precisely when I chose to believe so. When will you allow yours to start? The first and most important thing is to truly understand the meaning of work and the mindset of an entrepreneur. The next thing is to decide whether you share in the ideals, the perspectives, and the general approach to work and to life. Prolific Living Inc. – Copyright 2009-‐2014 ©
4.
This can be
slightly ironic. You see, entrepreneurship is an expression of a creative and expressive mind that uses its ideas – from mediocre to dumb, anywhere in the scale -‐ to build a business or an enterprise. So what you need to embrace in order to thrive as an entrepreneur is that freedom. It is ironic because freedom means you can do as you please and who among us doesn’t want to embrace freedom? Well, that is exactly where our resistance comes in when it comes to our work in this life. We resist doing that to which we are called. We ignore the inner voice and give it a stern talking-‐to. We wall ourselves into a corner with massive excuses and grand reasons why we cannot do what we love. Until one day, we wake up and suddenly find ourselves empty and yearning still to, you guessed it, do something we love. We don’t care anymore if it makes money or if it can be profitable or any of that. We simply want some happiness that we know we can get from doing something we love. That point, darling, can be a bit too late in game for careful planning and smart execution if you are not careful. Do not wait until your patience has run out along with the best years of your life. Let us find out now whether you are meant to take this road to entrepreneurship, come what may! Even if you have never wondered how you would fare as an entrepreneur, I believe that knowing more about the empowering idea of working on your own terms is worth exploring. If for nothing else, you can rule it out as a possible option in your career and work life next time you are ready for a change. But can you really know your true reaction to working for yourself before actually do it? Well, you won’t know for a fact, but you can come pretty close to a highly educated guess. That is where this 51-‐question guide comes in. It can help you get into the mindset of an entrepreneur world. You need to decide if that plays to your strengths and ideals about work and career and not to your weaknesses and that is what we are going to find out together! Prolific Living Inc. – Copyright 2009-‐2014 ©
5.
Definition of Entrepreneurship
You can never be too careful with definitions. It is not unusual for the same word in our language to mean different things to different people. We tend to draw our meaning for words from our unique experience and exposure to them. Sometimes, the standard and true definition even gets lost along the way! I digress a bit but that is why I decided that it would be wise to define the main word in question: Entrepreneurship. Entrepreneurship: the act of someone organizing a business venture and assumes the risk for it. ~Google’s first search result Entrepreneurship is the act of being an entrepreneur, which can be defined as one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods. ~Wikipedia Those are good, albeit dry, definitions. Now let me share with you my definition. Entrepreneurship is much like having children. First of all, it is not for everyone. It is either the right or wrong step for you and yet, it is immensely difficult to admit the latter to yourself or to anyone in your world once you’ve taken the plunge in either category. I mean, you don’t just admit children are not right for you. You would make yourself come up with elaborate explanations as to why it is a challenge but still a blessing or something like that. And if it is right for you, if it is what you are meant to do, well then, you have the incredible experience of once-‐in-‐a-‐lifetime opportunity of being a parent. And the same goes for entrepreneurship. You see, much like having children, you fall in love instantly, completely and irreversibly with working for yourself and creating your own business. Love takes Prolific Living Inc. – Copyright 2009-‐2014 ©
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but an instant
to overwhelm you when entrepreneurship is the right thing for you. But with children, you may argue, there is the physical and biological bond. Well, not always. Take a look at adopted children; their parents love them instantly, deeply and truly despite the lack of those bonds. And so will you love your business, your company, and your enterprise or for all intents and purposes: your baby! Just like with children, entrepreneurship marks a point of no return in your life. There is no return policy on those little darlings once they arrive and similarly, there is no going back to working for someone else once you have broken the ties. I mean, well, of course you could technically get a job at another place; however if you were made for entrepreneurship like me, the mere thought of returning to the workplace would not be without excruciating pain, heavy sacrifices and heaps of inner conflict. It will end your fulfillment and freedom as you have come to know and love it. Once the bird is set free, it can never go back to even a golden cage, whatever the extravagance and opulence may be. Furthermore, entrepreneurship is hard, hard work, most of which goes very unnoticed in the eyes of the world. It can cost a fortune to grow and it can cause you heartbreak and disappointment despite your best efforts. Being an entrepreneur can and does keep you up at night and yet you smile at the whole world in the morning every time. It fills you with a sense of irrational pride and extreme accomplishment, and few who are outside the realm of it can relate to you and your world anymore – sorry, just one of the facts -‐ but the good news is that you start to care very little about that. You know you are doing something special and worthwhile, just as you do with being a parent. You have inner peace and that is the greatest gift any work can bring you. Yet, it can be frustrating and thankless, brutal and challenging, and the return on the investment may not show up for a while. Or ever. Still, you put your heart and soul into it and do not question your choice for a second. Prolific Living Inc. – Copyright 2009-‐2014 ©
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Tell me, which
part of that is not similar to the experience of having children? 51 Questions to Test If You Think As An Entrepreneur Please read these questions slowly and aloud. Let yourself digest them for a few minutes. Imagine the scenarios and the circumstances. Picture how you would feel and react to each. Then reply with your answer. Remember what is important to you and what values you hold near and dear to yourself and ask yourself whether the question weakens or strengthens that position. These questions are in the format of True/False where True is a plus mark for Entrepreneurship and False is a minus mark for it. Also, a minus on the entrepreneur side does not necessarily translate to a plus for a corporate job. Print the test and mark your answers carefully. Take your time and if you are not sure how to answer a particular question, just come back to it. Last but not least, be honest with yourself, go with your first instinct as it’s usually the right one and the rest will take care of itself. Good luck! The Questionnaire: 1. The idea of working for yourself exhilarates you. Prolific Living Inc. – Copyright 2009-‐2014 ©
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2. The notion
of belonging to a large organization, such as a corporate structure, does not excite you. 3. You want to call the shots and do things your way because you get extremely motivated by pursuing and implementing your own ideas. 4. You prefer flexibility and freedom in your work-‐life schedule to a company-‐ mandated structure. 5. You are a creative person and want to do meaningful work with your time. 6. You want to have the power to choose the smartest and most efficient systems and tools to get your work done. 7. You get extremely bored and frustrated at meetings at work because you feel it accomplishes nothing. 8. You want your opinions to matter without having to run them through the filters of a team, a management or an organization. 9. You would trade in an easy boring job with the challenging, arduous pursuit of your passions any day of the week because you cannot tolerate doing mindless, dull tasks. 10. You understand the extreme work and labor involved in creating your own business and you are absolutely willing to do it. 11. You resent having a boss and mean no offense to the nice bosses out there but you do not believe you were meant to report to anyone but yourself. 12. You want to selectively choose your own business partners rather than being randomly thrown into a team for the next project. 13. You feel comfortable with uncertainty and believe that working for corporate gives you only an illusion of security. 14. You cannot stand the politics, hypocrisy and gossip at the work place and partaking in it brings down your spirits. Prolific Living Inc. – Copyright 2009-‐2014 ©
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15. You are
self-‐driven and do not need to be told what to do. 16. Starting over and failing often do not matter and you won't mind if your first 100 ideas fail. You will keep trying as you set yourself up for eventual success. 17. You yearn to say "I run my own business" rather than "I work for XYZ Company.” 18. You don't need validation from a corporation or an entity to believe in your own self-‐worth, talents and skills. 19. You will have no inner conflict about marketing and promoting your brand and business. 20. Even the greatest boss cannot give you the fulfillment that is on par with working for yourself. 21. You feel extremely limited in achieving financial freedom at corporate because you know that working for yourself opens you up to new and bold opportunities. You want those opportunities. 22. You don't mind being terrified. You believe that taking risks is the only way to find out your true potential. 23. The idea of building a business to call your own gnaws at you daily and you need to feed this hunger someday. Now would be a good time too. 24. You find it extremely difficult to work for a place where your core values do not align to the company mission and behavior. 25. Every hour of the day matters to you, and you do actually mind a great deal if your time is wasted on mundane rubbish. 26. No matter how much you advance and make in pay at a corporation, you remain unfulfilled because you can't get passionate about it. 27. You feel a sense of urgency and do not want to wait around for that perfect “someday” before you pursue your dreams. Prolific Living Inc. – Copyright 2009-‐2014 ©
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28. You will
be unstoppable until you find your passions into profit and you believe that it is possible to do that today more than ever before. 29. You draw inspiration and motivation from the idea of making a difference and building a business. 30. You do not believe that you should be tied to your particular field of study or education if your new passions point elsewhere today. 31. Creating your own schedule and making your own decisions empowers you. 32. You cannot stand working with mediocre minds. It weighs you down and makes you tired and grumpy and that’s not you. 33. Having a job to pay the bills has never and will never be enough. You want to make a difference in the world and until you do, you will not be fulfilled. 34. You enjoy the discovery process and are open to new ideas and thinking outside of the box or crushing the box altogether. 35. You know that you won't regret leaving the corporate world but even more importantly, you know that you will regret it if you stay. 36. You yearn to create your own products and services and offerings for the world because you fiercely believe in their value. 37. You believe that there has never, ever, been a better time to pursue entrepreneurship with the technology and tools at our disposal today. 38. You don’t really care what the economy or the government is doing. You know that your future is in your own hands. 39. You believe you make your own luck and that no one owes you anything but you owe it to yourself to fulfill your potential. 40. You realize that some of your colleagues or corporate peeps or even friends may not relate or support you if you pursue this path and you are at peace with that. Prolific Living Inc. – Copyright 2009-‐2014 ©
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41. You would
rather bust your chops day and night to find a way to bring in large streams of income than ever again beg for a raise or have to prove your self-‐worth to a boss. 42. You are wiling to make lifestyle changes, social life changes and financial changes in order to create the business of your dreams. 43. You want to learn, push yourself beyond your limits and educate yourself constantly rather than do a job at which you excel day in and day out. 44. You embrace the essence of a capitalist market and believe that the only way to massive wealth and success is from entrepreneurial pursuits. 45. You don’t want to have another dreaded Monday in your life and you are tired of living just for the weekend. 46. You believe that with the world being so small, thanks to advancements in technology, there are no geographical boundaries to the reach of your own business. 47. The idea of never again asking for “time-‐off” or a “sick day” is liberating to you. 48. You believe that working for yourself is an exercise in self-‐growth and self-‐ improvement. 49. You love the idea of never again having to pretend to be someone else to fit into a company sub-‐culture not suited to your true self. 50. You long to set up a business that gives you complete mobility because you want to travel and work from anywhere anytime. 51. The opinions and criticism of others does not shake the pillars of your self-‐ confidence. You know you were meant for greatness and you realize it takes fortitude and courage to go against the tide. You are at complete peace with that. What to Make of Your Answers: Prolific Living Inc. – Copyright 2009-‐2014 ©
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Now that you
have taken the questionnaire, what do you do with the information you have gained? First, I want you to answer that yourself. How did it feel to go through those questions? Did you come to any realization on your own about whether the pursuit of your own business ideas is more or less important than before? Think about how the questions made you feel and whether you could see yourself as an entrepreneur someday in your own glorious future? Remember the right answer is the one in your heart. No one can tell you whether working for yourself is right or wrong. Only you know the right path for you. The goal of these questions was to help you bring that to the surface, rather than persuade you one way or another. We each come to express our greatness in our own way. Remain true to that. Now, I do have a quick analysis for your responses. 1. If you answered a resounding True in 40 to 51 of these questions: Then, you would be a perfect fit for the world of entrepreneurship and self-‐ employment. Your mind works like an entrepreneur and you would find the work so fulfilling that the grueling hours would not bother you. They will fuel and energize you because the rewards align to your true values. In short, this would be most likely a path that would be fulfilling and give you a channel to build your ideas and turn your passions into a profit. 2. If you answered True to 20-‐39 of these questions: Then, you have an interest in working for yourself someday even if it is just a healthy curiosity. You can appreciate the benefits of entrepreneurship as opposed to employment at a traditional job and you may even be ready to pursue it someday. However, there are probably still a few things that hold you back. Some of it may be related to your personality and some to your work habits – you have adhered Prolific Living Inc. – Copyright 2009-‐2014 ©
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to a certain
way of working all your life and the idea of this radical shift gives you a few healthy jitters. You are still on the fence and need to explore and research whether building your business makes sense for you. If you are not emotionally and psychologically committed to working for yourself, your business will suffer. Mindset is everything and it is the reason the average person can excel the brilliant person in business, because of that mindset of refusing defeat and pushing past all points of discomfort and initial bouts of failure. Until you can embrace this mindset, you will most likely be entertaining the idea of entrepreneurship in your mind. Perhaps someday, it will be the right thing to do. Just listen to yourself and keep tabs on the flow of those great ideas. You never know what you may be ready to do someday! 3. If you answered True to 1-‐19 of these questions: If you were shaking your head False rather than True most of the time, and came up with a handful of occasions where you could relate to the statements, then the mindset and approach of an entrepreneur to work may not be a good fit for you at this time until you do some due diligence and explore your true goals in business and in life. A lot of these questions are feelings that start to develop after working for someone else for a very long time. Some people are perfectly happy and they can do great work while belonging to a corporation, an organization or another large entity. I certainly enjoyed my own period where I felt that I could belong and do very good work. If you feel that way about your work, then working for yourself will likely not set you up for success as you would be missing many benefits that employment provides. It is really important to carefully examine what you want to get out of your work life even if self-‐employment does not bode well for you. This is an exercise in self-‐discovery. What is it that you love to do and how can you do that and still make a profit at it? Perhaps working in the right company or organization or small entity will be the answer for you. Keep asking questions until you can arrive at the right answer for you. Summary and Next Steps in Your Career Prolific Living Inc. – Copyright 2009-‐2014 ©
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My greatest hope
is that this guide brought you some awareness and clarity. Sometimes, the ultimate answer may still not be as clear as we would like it to be, but we have more information, we have learned something about ourselves and that is going to bring us to the right answer sooner than later. And I sincerely hope that I have gently stirred your mind with deep questions and a desire to search for the right answer. The greatest thing you can do is allowing yourself to be in a position where you can thrive and reach your fullest potential, whether that is entrepreneurship or any other type of business and work. I want to wish you tremendous success. Remember that working with a career and business coach can help you make tremendous leaps in these areas by removing resistance and blockage and helping you to think clearly about all the options before you. "Let yourself be silently drawn by the stronger pull of what you really love." – Rumi Call to Action: What to do next if you found that entrepreneurship is right for you? If you feel that you want to take a step in the direction of your dreams, and you are not sure how to go about doing that, if you need a direction and a step-‐by-‐ step plan on how to exit the wrong job and think and work like a self-‐employed super star, then sign up to get my FREE video training here: http://www.smartexitblueprint.com Prolific Living Inc. – Copyright 2009-‐2014 ©
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