30
Jul

The most frequently asked question by corporate executives feeling the pressure to shift to entrepreneurship is: "We’re in a recession. Is now a good time to start a business or is it too risky?"

The answer is “No Time Is A Good Time … and … Right Now Is A Good Time.”

No time is a good time! Recession or no recession is not the factor that will determine your success or failure. You must be prepared to:

  • Outdo yourself.
  • Break through the upper limits you have ever reached in your life.
  • Be aware of global trends and understand the impact of change on multiple levels.
  • Consider the opposite of what you’ve been conditioned to believe.
  • Place your focus more on your personal power than on business models and planning.

Right now is a good time! The key is to:

  • Become fearless! Become aware of where you’ve given up your personal power and know how to take it back.
  • See opportunities that are invisible to most people.
  • Zig when everyone else is zagging.
  • Become brilliant at taking inspired action.
  • Stay focused on your PAG and course correct along the way.

It could take longer than you anticipate.

Successful entrepreneurs are visionary, passionate, confident, persistent. Becoming an entrepreneur starts with inspiration and takes a level of courage that you can’t grasp until you do it.

It is a process of reinventing yourself, it takes personal work, it takes time, and it takes staying the course. It never turns out the way you imagine at the outset.

And it will most likely take longer than you anticipate. Very few people make the transition successfully in less than three years.

Necessity or Opportunity? How much time do you have?

The question is "Will you wait until you end up becoming a ‘necessity entrepreneur’ or will you position yourself now and become an ‘opportunity entrepreneur’?

In the next post we’ll look at "How do you get started now?"

Category : Executive Transition to Entrepreneur