You won’t be a BIGG success if you let others dictate how fast you rise.
Your company’s timeline versus your timeline
We have a friend who wanted to rise to the top ranks of his employer. He looked at how quickly his company promoted people. On average, it was about every four years.
Then he went a step further.
He determined that the people in the executive suites got promoted about every eighteen to twenty-four months. He realized that he needed to get promoted every two years to reach his BIGG goal.
Modeling a timeline for your business
This doesn’t just apply to climbing the corporate ladder. If you’re a business owner, who are the models of success in your industry?
Comparing yourself to others can be a trap. But it can also be a tool.
Create a timeline based on their success. For example, you may establish milestones like:
time to build your prototype
time to startup
time to make the first sale
time to breakeven
time to profitability
Of course, your milestones will depend on your business. But a timeline will help you push even the next milestone seems far away.
Just make sure you’re starting from relatively the same place as the person you modeled. For example, if they had more capital than you, you may want to back off of their timeline a little.
Look at the people who are where you want to be. Figure out the path they used to get there. But also look at the time it required. Make adjustments for your situation.
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2011-11-02 07:00:212011-10-29 17:04:54Create a Timeline to Be a Success
Now it seems that most people want to be an entrepreneur. People think that climbing the corporate ladder robs you of your individuality. You become a mindless worker bee.
People associate owning your own business with freedom. It can be liberating. Picture your typical day owning your own business …
You’re the last one in every morning. It’s not like anyone’s going to fire you. Of course, you’re the first one out the door at the end of the day. You’re the boss! You take long lunches. Most days, when the weather’s nice, you’re out on the golf course.
If only it were true!
The reality for many entrepreneurs – especially those with an early stage business – is you’re the first to arrive in the morning and the last one out the door at night. If you take lunch at all, you may eat it at your desk while you keep working. You’re not out playing golf most afternoons. In fact, you’re doing well when you can squeeze in a little play time over the weekend.
Do you remember the BTO song, Takin’ Care of Business? They said that self-employed people “work hard at doing nothing all day. Obviously they had never spent time with a start-up entrepreneur!
It can be very stressful, particularly when you take on employees and have to meet payroll. You have fixed costs to cover every month. There are so many hats to wear, so many things to do, so much to keep up on. It’s easy to feel like you’re buried in work.
Not exactly the fairy tale we often think about.
We’re purposefully painting a bleak picture. Owning your own business definitely has its upsides, but it isn’t for everyone. Some people are much happier keeping their day job.
However, we think there are synergies between the two. Here are six tips to become an entrepreneurial employee:
Select the right career
Bigg success is life on your own terms. It starts internally. Think about the three P’s – passions, preferences and proficiencies. We have a great personality test in The Bigg Success Store that will help you with this. It’s free!
Now you’re ready to look outside yourself. Entrepreneurs look at 2 C’s – customers and competitors. As an entrepreneurial employee, your customers are potential employers. Your competition is other people who do what you do. You’re looking for a mismatch – too many employers and too few potential hires.
Add value
Don’t settle for being average and ordinary. Set yourself apart from all the other potential hires by becoming an expert in your chosen field. Consistently deliver superior results and you’ll become invaluable.
Solve problems
Take on projects that no one else wants. Be positive. See solutions where others see only problems. If you solve problems, money will follow.
Work!
Entrepreneurs work long hours, especially in their early days. Entrepreneurial employees do the same. If you can’t work a little longer, work a little harder. Spend less time chatting and more time being productive.
Embrace change
Change creates opportunity. So welcome change. Continually reinvent yourself. Think about yourself at this time last year. If you don’t have any new skills, if you can’t add anything more, if you aren’t producing better results … why should you get paid more?
Retain earnings
Save means safe so save and invest. Entrepreneurs retain earnings to fund growth. You’ll save to give yourself the liberty to get out of a bad situation as a last resort. And to help you survive through the inevitable downturns and associated layoffs.
You can choose to be entrepreneurial in the traditional sense or by going the corporate route. You choose because bigg success is life on your own terms.
Do you think employees can be entrepreneurial?
Let us know by leaving a comment below, calling us at 877.988.BIGG(2444) or e-mailing us at bigginfo@biggsuccess.com.
Thanks for reading today’s post. Please join us next time when we’ll discuss a new trend that may affect your retirement. Until then, here’s to your bigg success!
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Many people accept the terms placed upon them by the company for which they work. Sure, they may have their own goals.
Bigg success is life on your own terms. Work is one of the five elements of bigg success. That’s our focus today.