After 30 years of climbing the corporate ladder I recently transitioned to owning my own business as a real estate agent. While the core competencies remain the same, building your own business requires its own set of key competencies to be a successful entrepreneurial leader. If you are considering making the leap from corporate world to owning your business consider a few areas of focus:
Read- read about your industry, read about successful entrepreneurs, read blogs from people in business, develop your intellectual horsepower with a focus on becoming an expert in your new business.
Get Involved- attend meetings and seminars; participate on committees, boards and organizations the create change in your industry.
Hire a Business Coach- a business coach is your accountability partner and will guide you through the process to build the foundation of your business.
Write Down Your Goals- focus on the few critical goals for success in your business, write them down on one page, keep them simple, 3-5 is ideal. Measure and monitor your success at least monthly. Inspect what you expect.
Build a Nest Egg- your first year in your business is your time to build your business. Have some money set aside to pay your bills for the first year so you can focus on building your business.
It takes 10,000 hours to master a new job. The more you practice the better you will become. The core competencies of a leader remain the same- treat people with respect, hone your communication skills, listen, be honest, trustworthy and authentic. Watch what successful people do in your business and what those that are not successful are doing- you learn from both.
The Flaherty Group
Real Estate Pittsburgh