Entrepreneurial types are in very high demand in the workplace.
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The most sought-after employees in the recruiting field are self-starters, people with tons of ideas and lots of confidence and people who get a rush from working all the time. Unfortunately, these are also the people who start their own companies. They don't really want to work for someone else, and they almost never pick up the phone to listen to a recruiter pitch a job. So the entrepreneurial type who is willing to work for someone else is a rare find, and in high demand. Sometimes start-a-business types are crazy and impossible to get along with. No one can work with them ,and they end up being mad scientists in their basements.
Or, they are so nuts that they can't even manage to get anything done. These are not the kind of people you want to be like. But here's a great article in the New York Times that explains why the best entrepreneurs are just a little bit off kilter. They are just on the manageable side of crazy.
‘Entrepreneurs are like the trunk of a tree’ – 45 quotes from Indian startup journeys
And, the New York Times describes why these are the people in very high demand. My favorite VC-slash-blogger is James Altucher , and he explains that everyone is always trying to sell their company. Which I think is true. Often the entrepreneur has given it his all and he is, simply put, sick of the company. It's not that the company is a failure, per se, but it's that the entrepreneur doesn't want to work on the company anymore.
The company is worth something, but not a lot, and there are not really any buyers. This situation happens a lot. So no one will be surprised if it happens to you. Selling your company, even for nothing, will impress people. To be honest, you still look pretty good, compared to the rest of the world, if you say you started a company and it failed. Because the gumption and intelligence to start a company is flattering to anyone. But you will look really good if you say you sold the company.
Even if you get someone you know to buy it for a very small amount of money.
I have a friend who sold his company to Microsoft for millions. And you know what Microsoft did? My friend still walks around bragging about how he sold a company to Microsoft. No one asks him if it was a real sale. What is a real sale, anyway? It's when someone gives money to someone else. You can tell people it's a contractual obligation to not reveal the price.
snowabmosubs.tk Which is almost always is, anyway. And there you go: You are an entrepreneurial type who sold a company. Say that to a recruiter and they'll pay attention. Read the rest at BNET. Wow, this completely re-frames the company I started with my ex-boyfriend and that he now has! You turned it into a win! How cool is that! My son works for the Harvard Business School. He tells me they are opening a center for entrepreneurs.
Build Your Own Business
Good for HBS. Love it.
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Your friend? Or Microsoft?
BTW: Want to buy my blog? Well, Google dollar singular. Thanks for all the great posts—past and future. How is this any different than your nemesis, Tim Ferriss, winning his championship martial arts title by gaming the rules? By your logic, I sold my first business when I let the neighbor kid takeover my lemonade stand in exchange for a permanent refill. At the same time, if you actually put together a company and are able to sell it then you are the type of person to be a self starter.
Have you tried doing this? I think, personally, if I was the right person for the job and wanted to up my chances of getting the position I would do this. Most successful entrepreneurs I know — serial entrepreneurs, people who have grown large companies, etc — will say that they began as an entrepreneur when they were kids, doing something like what you described in the lemonade stand. Entrepreneurship is a mindset.
Most people who have it, have it from a young age. Other people who think like that understand that the first sale of a stupid, little, kid-sized company matters. Interesting point. Do you think the entrepreneurship gene is something one is born with I do or can learn? Varun, Great point about this replacing other types of education.
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As it should. Starting a business is much better training for work than school is. School is good training for school; work is good training for work. In an interview, the person who has this company on their resume will need to talk about what they learned, what they are good at, how they worked, etc. The interviewer can decide based on that if the person will be a good fit at the company. If not, you must join the collective. Why does everyone keep asking me?
Am I invisible or something? You know what I love about your posts, P? Your links. The New York Times article about entrepreneurs was intriguing and inspiring, as you are. You push the buttons of raw truth and passion, tapping into our youth where every day is an adventure and not a threat.
When hurting really hurts as it pours out of hearts, but changes in a heartbeat into joyous enthusiasm. You touch our souls with spontaneity, for somehow yours remained intact. Your world is turbulent and combustible, yet glued firmly together with honesty. Our fights are your fights. I especially like how you encourage even the smallest gains to be framed big. The upside, if someone does this right and well, is that the little gig can turn into a legitimate business. While I often agree with your posts, and always find them interesting, I do take issue with this theory.
I have been told by recruiters repeatedly that I should remove the fact that I owned my own company from my resume, or frame it in a manner to make it look like I only managed it. It is their theory that no one wants to hire an entrepreneurial type because they will leave to go out on their own again.
Will you buy my company?