My 10-year plan to start my own business
Published April 27, 2017 7:05 pm by
Categories: The business of marketing
I have always wanted to start my own business. Inspired by the idea to push myself to my full potential and of course countless hours of watching my favorite TV show Shark Tank, there is no denying my entrepreneurial spirit. However, it did not take very much time in the collegiate classroom to understand that running a business is not like running my 6-year-old self’s lemonade stand. It takes time to reach your goals and having the right mentality is the first step to progress in career aspirations.
Too many men and women get discouraged in their current job situation, because they do not know how to bridge the gap between what they must do and what they want to do in their career. Many give up on their hopeful dreams and settle for so much less, others simply lack the right mentality in the day-to-day workplace, crippling themselves from seeing the big picture of their career.
Identifying key mindsets in reaching your personal goals is crucial to career success. Here are my top 3:
1. Running a marathon, not a sprint
Being a passionate runner myself, I can tell you from experience that if you try sprinting at 100% effort at the start of a marathon, you will barely make it one mile. Setting the right pace both can prevent burnout from happening and allow you to run the race to the end. Instead of trying to get 1,000 projects accomplished in one day, just go for that magic number of 26.2. Quality always trumps quantity.
2. Work on strengths, not weaknesses
Understanding what your strengths are allows you to visualize what your function is in the workplace. Multiple studies have shown that a greater focus on one’s strengths rather than weaknesses increases work satisfaction, engagement and productivity. If you have not taken the Gallup’s StrengthsFinder Test, I would highly recommend you do so. Knowing yourself gives you a greater chance to show others your true potential.
3. Strive for excellence, not mediocrity
During one’s first two years in a given role, individuals will experience steady job improvement. After that, some people keep improving, but many plateau or even become worse. You know how the old saying goes, ‘practice makes perfect.’ Well, I am here to argue that deliberate practice makes perfect. According to an article by Psychology Today, deliberate practice is characterized by specific goals, accurate feedback, orderly progression, and conditions that permit progress. Continued improvement beyond a certain point takes motivation, time and know-how, and many people lack all three.
What does your current job look like? Do you feel like you are at a place to achieve your end goal? How are you connecting your passion to your day-to-day work? Transforming your mindset from 14,000-foot mountains into smaller, more attainable hills allows your career dreams to become a reality. My reachable goal is to be running my own business in 10 years. What is yours?