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Business Coaching Personal growth

Perhaps you’re not cut out for it?

I think by now it’s pretty clear that being an entrepreneur is a status symbol for most people, besides being famous and rich. I said “most people” because I don’t include real entrepreneurs in that category. They’re a different breed and the sooner we (the others!) realise that the better it is for them. Particularly, if we wish to be one someday.

My stint with entrepreneurship was a brief albeit painful one. I lost a lot of money because I was in love with my idea — delivering leadership training to up and coming managers and team leaders. Yeah, I know, it’s a great idea but the industry was (and still is) crowded with people who can either offer better (or so I used to think) or cheaper programs. I didn’t stand a chance. And so, the plan flopped big time!

In hindsight, I think it was the best thing that ever happened to me — I learned that I only didn’t have the calibre to be an entrepreneur but I also sucked at managing money to fund my business. Losing over $50,000 of my lifetime’s saving wasn’t a joke! (Yup, a LOT of money! I could’ve have used that money to buy even a bigger apartment that I have right now!) Like I said, “a painful” experience.

Nonetheless, one of the great revelations I had during that journey was that I am a pretty damn good freelancer and can utilise my expertise to help other entrepreneurs become great at what they do. Sadly, most wantrepreneurs never get to this stage as they get busy with what seems like “hustle.”

While I believe working for yourself can bring to you the ultimate freedom, it comes with a cost. And one’s got to be mentally ready for pay the price for it. Knowing your strengths can save you a lot of time and money. And that’s my best advice to everyone out there — besides deep introspection, invest time in understanding your natural talents and strengths. Not everyone’s cut out to be a builder. You could be an expert or even a rainmaker (a person who generates income for a business or organization by brokering deals or attracting clients or funds)! And businesses need that kind of support throughout the journeys.

But how do you figure this out? There are plenty of tools out there that focus on your personality type and strengths. Two of the best that stand out are the DISC assessments and Gallup’s Builder Profile. And you can get both done for less than $50, which is a drop in the ocean compared to what you could potentially lose if you take the plunge without properly planning this major transition.

They say, “knowledge is power,” but I think knowing yourself is a “super-power”! Go get it!

P.S. As a Gallup Strengths’ Coach, I highly recommend the Builder Profile just as emphatically I would recommend the DISC assessment. Hence, my recommendation is to take both.