For the past one year and a half, this entrepreneur had taken up employment with two fund management companies, assuming the role of the head of business development ( I told myself that it actually reads "intrapreneur"). My businesses (Elixir Synergy Venture & DYAZ Associates) still runs as usual either by my own intraprenuer or my partners. Some plans (training) had to be put on hold to accommodate some changes and some had to be shelved altogether. There is actually some order to this chaos... and you know what? I kinda like i!
Moving from full time entreprenuer to employment was not an easy thing, primarily due to ego and the fear that I will forgo the entrepreneurship roller-coaster once I am back on the payroll. There were demons that I had to really wrestle to the ground. Voices in my head said I need to stay on the path of full time entrepreneurship no matter what. Pain is the only way to go. No pain no gain. Risk is entrepreneurship.
Then I told myself, who the fish (expletive) am I to say no to money! I have to start looking at things objectively and make the decisions based on sound reasons; just what an entrepreneur supposed to do.
Firstly, does taking up employment changes myself and removes my entrepreneurship attributes or skills? Entrepreneurship is about making money, creating wealth. Being paid for your time and skill is the same. If I managed to generate more wealth per hour then I am being enterprising with my time.
Am I then now no longer an entrepreneur because I take lower risk as I am assured of a pay every month? Firstly, let me correct a misconception. Yes, entrepreneurship is about taking risk, but is supposed to be calculated and managed risk. Taking un-calculated and un-managed risk is not entrepreneurship, it is stupid(ship). What happened in my case was that I found myself able to take on more opportunities (and risks) with the cushion of the pay. The extra dough enabled me to invest more in my businesses without having to leverage on outside parties. I was able to give more staying power to my businesses.
Would my businesses and aspirations suffer because now I have a job? Well, part of being a true passive income earner is to have your businesses run without you having to run it yourself. My situation proved as a perfect opportunity for that, for me to build my management team. But before I leave, I have had to set in place systems to monitor (not cctv) the progress of the business on a daily basis. The procedures were in place to make sure the business runs in a way that I wanted it to be run. All I needed was then the people to manage the business and key in the progress into the system (don't spend money, use google drive documents to create your own monitoring spreadsheet. Plus it is real time). The businesses have been growing for the past one year and a half, so the system must be right...at least most of the time.
As for the training business, I will let the brochure at the end of this blog 'tell' you the story.
So remember, entrepreneurship is not about a business, it is about you.
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