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From Employee to Entrepreneur: Taking the Plunge

Before you decide whether or not running yourworkshop.The most effective method for me was
own business is right for you, start bygoing to structured networking events,
pinpointing your area of expertise andgenerating leads and following up on them. I
assessing your aptitude for business.Starterenjoyed moderate success, 6 - 8 people per
Questions Ask yourself the followingworkshops. This was certainly a lot less than
questions:- In what areas do people approachwhat I had anticipated. When I called Dottie
me  for  advice  and  assistance?Walters again, she assured me that I had been
more successful than most people who had
From what parts of my job do I get the mostattempted to offer public seminars. The
satisfaction?- What do I like doing so muchparticipants loved the workshops and found
that I would do it even with no pay?- Whatthat the techniques which I taught really
hobbies or interests could I "spin off"into ahelped them.Have Frequent CheckpointsRe-set
small business?- Do I enjoy budgeting andYour CourseCheckpoints are important. I
financial planning?- Do I enjoy making coldpaused and evaluated what I was doing, I
calls, tele-marketing and selling?- Do I haverealized that, while I learned a lot and had
enough self-discipline to work on my own?-satisfied my customers, the numbers I was
How easy is it for me to bounce back fromgenerating were not nearly enough to make it
rejection & setbacks?Proceed withpossible for me to "give up my day job". It
CautionBefore you take the plunge, it'salso became clear that it was the phone calls
important to "wade in gradually" or you mayand not the flyers that were resulting in
just find yourself swamped. Before I startedregistrations. Working all day. Trying to
The Training Oasis, Inc. I tested the watersget my toddler settled and to bed on time so
for a few years by doing some freelancethat I could hit the phones at night was
facilitation and design work while I wasbringing me closer and closer to
still employed. I enjoyed it.At the time, itburnout.Next, I tried to hire someone who
seemed that a logical transition would havewould work on commission to do the phoning
been to become an associate of one of thefor me. The result - it bombed. She was
firms that used my design and facilitationunable to close a single sale. As an
skills from time to time. Things don't alwaysentrepreneur, a lot of your initial success
go as planned. Despite persistent effort, Iwill come from your own enthusiasm.
couldn't find a consulting firm that wasSometimes, it's difficult for a third party
willing to add me to their regular "string"to convey your vision with the same passion
of freelance trainers. This puzzled me as Ilevel of passion that you bring to it. If you
consistently received excellent ratings fromdo use someone, pay them stictly for results.
course participants. Even in the 1990s, manyIf you pay them a base plus commission, they
firms were not sure how the majority of theirwill never be motivated to hustle for
clients would react to a Black femaleyou.You'll need to re-set your course time
trainer. In short, it was perceived as justand time again. I had to do it when the NSDAQ
too much of a risk.I realized that I wouldtanked in 2001 and most of my clients were in
have to do it on my own if I was to do it atthe high technology sector, after 9/11 and
all. I put together some training material inafter SARS. When companies significantly cut
the area of personal marketing strategies fortheir spending on training, I spun off the
professionals who wanted to make careerexecutive consulting services and executive
changes.Let Your Network Work For YouIretreats into a new company Executive Oasis
discovered that networking is one of the bestInternational.Re-Charge Your BatteriesSo, I
strategies for building a business. Forrested for a while and spent a lot of quiet
example, by joining a professionaltime by bodies of water and near the fountain
association related to your area ofin front of my dream house. I listened to
interests, you can make contacts and increasemotivational tapes and books and read my
your profile. To be successful, it isBible while I contemplated my next steps. The
important to go with an attitude of givingvision for my business became clearer and
rather than just getting.Write articles forclearer. I didn't know how I was going to do
the newsletter, volunteer to help out atit but I took the advice that many people had
meetings and conferences. Join a committee togiven me and decided to target the corporate
help the organization plan a special event.market. For a long time, a name for my
Mentor some of the younger members who arebusiness was elusive . It was a long process
just entering your profession. To get youthat took a lot of reflecting. Then, one day
must give. Gradually, people will get to know"out of the blue" I woke up with the name The
you but it takes time. You'll need a lot ofTraining Oasis. It fit my vision of training
contacts when you're out on your own.One wordas a creative, colourful, energizing and
of caution... don't overdo it. At the end ofrefreshing experience perfectly. I wondered
each year, if membership in a particularlywhy I hadn't discovered it before. I guess I
association is not resulting in buiness, thenhad just been too tired.Get the Creative
don't renew it. I once did a total of what IJuices FlowingThrough mind-mapping and
had spend on associations memberships,brainstorming with Donna Messer, Bette Myer
conferences and sponsorships over a few yearsand marketing guru Jerry Goodis, I was able
and it was a staggering $50,000. My businessto come up with some creative ways to market
leads were not coming from the contacts Imy services. You can use the same techniques
made through the associations. I should havethat I did to come up with creative marketing
caught this long before it became a bigapproaches that reflect your vision. Instead
ticket item and such a serious hit to myof sending out letters, I distributed gift
bottom line. Don't let the same thing happenbags filled with some of the toys and
to you. If a particular membership is notenergizers I use in training. I found
yielding desired business results, you canstationary with an energizing waterfall in
always pay the non-member rate to attend athe background that captures the essence of
specific session or conference that is ofThe Training Oasis to produce a one page
value.If there are structured networking"teaser" and I started meeting with some
events in your area, attend them regularly.corporate prospects.Only You Can Make It
These are usually more cost effective. TheyHappen.....Think AgainTaking that plunge
don't involve a membership and the focus isisn't easy but, if it's for you, you'll
on generating business leads. I attendedeventually come to a point when you just have
Bette Myer's networking sessions at Theto do it. It's scary giving up that pay
McGill Club as well as ConnectUs hosted bycheque. After I attended a two day speaker's
Donna Messer and Vicki Vancas.Advice From theschool sponsored by the Canadian Speaker's
ProsIdentify people who can give you adviceAssociation and saw other people succeeding,
about how to make your move and follow theirI realized that I could do it too. I
advice. I am going to stress this. Make sureapproached my boss, Marc Berwald, and told
you send a prompt thank you note. If you arehim what I wanted to do. He was very
ever in a position to give these peoplesupportive. With his help, I developed a
business referrals. DO IT!! After 9/11 whenbusiness case to propose converting my role
the crunch hit me and a lot of otherfrom employee to consultant as an interim
trainers, I'll never forget wondering whatstep. He championed it for me and it resulted
happened to all those people to whom I hadin a consulting contract with my former
given free advice that helped them launchemployer.
their careers. Most of them never said thank
you or looked back once they had achievedI kept marketing myself and networking and I
their goals.Bette Myer made it possible forgradually obtained more clients. It wasn't
me to have a mastermind session over theeasy and, like the desert before the oasis,
phone with Dottie Walters. Later on when Ithere have been dry spells and the inevitable
was in a position to do so, I used her tosetbacks. In spite of this, during my first
conduct a networking session for ayear of operation, I made more money than I
organization when I was on the board.Morehad ever dreamed of earning as an employee.
about the Dottie Walters consultation. When IOver the years, running my own business has
told Dottie that I was thinking of usingallowed me to:- have more balance in my life-
public workshops as my transition strategy,go to auditions and slowly build my acting
Dottie cautioned me that public workshopscareer- spend quality time with my son- send
were a hard sell and extremely difficult tomy son to private school and involve him in a
market. She advised me to target therange of athletic and recreational activities
corporate market, advice that I was not ready(even though I am divorced and assuming the
to hear.To me, the obstacles seemedprimary responsibility for his care)- travel
insurmountable. How could I make myselfto Asia 7 times and visit many beautiful
available to corporate clients when I wasplaces while I was there and in transit
working full time? How could I ever hope to(Malaysia including Kuala Lumpur, Penanag,
compete with the large consulting firms whenMelacca, and Kuching, Singapore, Bangkok,
I didn't have their big budgets to invest inMumbai, Dubai, Paris)I could never have done
glossy brochures and large ads in prominentthis as a full time employee and this would
magazines? I struggled with these questionsNEVER have worked without the support of
for a long time. While I don't have all thefriends, family and, most of all God.Before
answers, I experimented and eventually foundDiving OffRunning your own business is not
some ideas that worked for me.Startfor everyone but it can be fulfilling if it's
AgainThere is no point in waiting forthe right thing for you. So, get started.
everything to be perfect. Your first attemptsClear off those credit card bills. Set aside
may not turn out exactly as you planned. What20% of your income in a slush fund to provide
you've got to do is learn from them, startyourself with start up capital. Conventional
again and see what happens.Bearing Dottiewisdom used to be that you should sock away
Walter's cautions in mind, I decided to runenough to cover 3 months worth of living
my Career Makeover workshops at prestigiousexpenses before you take the plunge. In this
women's clubs such as The McGill Club and Theturbulent market in which dry spells can be
Elmwood Club in Toronto. I came up with thelong, setting aside enough money to cover 1 1
workshop and promotional material but, for2 to 2 years worth of living expenses is more
the life of me, I just couldn't find a nameprudent. So delay your launch date so that
that captured the essence of my business andyou can really give yourself a chance to make
my vision of training. So I picked a name,a success of it.Make sure that you get your
New Directions, even though I knew it wasn'tmortgage and line of credit approved. Take
exactly what I wanted.I tried a variety ofcare of your dental treatment and any major
approaches to marketing the workshops. Imedical bills that your company health plan
distributed my flyers at bookstores, women'swill cover. Develop a clear and focused
clubs and through mailings sent out by somepictures of what you want to do and then just
of the professional associations to which Ikeep at it. Get high quality business cards,
belonged. I soon learned that the world ofstationary and your web site in place before
marketing public workshops was very differentyou give you your day job.Surround yourself
from marketing courses within a corporation.with positive and supportive people, attend
For example, I naively believed that, youconferences and courses that will move you
could distribute 200 - 500 flyers and have 20closer to fulfilling your dream. Never let
people attend your workshop. After all,anyone tell you can't do it. Keep those
that's the way it worked inside thepessimistic tire kickers as far away from you
corporations where I have worked as aas possible.Finally, when the time is
management development specialist. It's notright...and only you will know when that
so easy when people are taking the money outis....go ahead and take the plunge! It may be
of their own pockets to pay for athe refreshing change you've been seeking.



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