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MenuIs it harmful for a job seeker to have an entrepreneurial background or be interested in being one?
Is it harmful to your CV if you state you have been an entrepreneur or are interested in being one, and then look for a job with someone?
Would employers not like it if you have been the founder of a company before? and you need a job because the company may have not done well.
Answers
This is a really good question and one I ask myself all the time. I also am an entrepreneur and have owned my own businesses off and on for the past 15+ years. During the times that I was looking for work, I also found myself pigeon holed because I was not the "cookie cutter" Enterprise Account Exec for Salesforce then Oracle, etc. It seemed to me that it became a detriment as potential employers see you as a flight risk. I would steer away from being overly entrepreneurial. HOWEVER, with that being said, I wear the entrepreneur title as a badge of honor. I am battle tested, been in the trenches, worked for no money at length and can walk the walk. At the end of the day it is a monetary decision. Good Luck!
The "it depends" insight you've already received in other responses here is only part of the correct answer. The full answer is "it depends whether entrepreneurship is relevant to the prospective employer."
Your CV is not really about you... it's about your prospective employer and the skills and experience you bring to them which make you uniquely qualified for a job. I've reviewed thousands and thousands of résumés and I've hired entrepreneurs galore. What mattered was the skills and experience they brought to my company, not so much where they worked.
Don't include information on your résumé which is not related to the job posting or which does not explain exactly why you're a great candidate for the job. For instance, an interest in being an entrepreneur is not relevant. What may be relevant is citing examples of how you've demonstrated an "entrepreneurial approach" if, for instance, the job posting calls for someone who can take initiative to drive new business, develop new relationships or grow an aspect of a company's business.
You may want to explain in your cover letter why you're interested in transitioning from self-employment to a role as an employee or contractor. This will help put a recruiter at ease that you're not a "flight risk" when the first opportunity arises for you to start your own business.
I'm happy to answer any additional questions you may have.
Most of the time the answer is yes it is harmful. Harmful because people who are entrepreneurs do not make good employees.
Entrepreneurs think differently than traditional employees. People who are entrepreneurs are the rock in their employers boot because they are always questioning "why" and "can't this be done better" . I am a business owner and once you are your own boss, working for someone else is very difficult. Most employers view it this way too. Most employers are going to assume and fear that you will be an extreme know-it-all pain in the ass.
You might want to say you worked FOR your company-leave it unsaid that you were the owner.
I would concur with Josh and yet add the dreaded "it depends".
Does it hurt to have been an entrepreneur?
Only if that is how you define yourself.
I'd love to talk with you about how you can define yourself by your abilities and passion, telling a story of grit that includes trying and failing. Sell the startup failure as boldness and it can actually help, because even big companies like the 'startup mindset'.
Let's chat about constructing this narrative and am sure you will actually learn something new about yourself!
Josh's answer was on the money.
In my experience "it depends" on who your target is.
In life there are always two kinds of people, whatever you are doing, and they will have these reactions:
> they will like who you are / what you're doing
or
> they won't like who you are / what you're doing.
What you've done is illuminated the failure of what I call "outdated job hunting technology." The resume and cover letter are really poor methods of looking for work.
But let's say you continue to use them.
WHO are you sending your CV to?
Whose eyes is it getting in front of?
If it's top executives, then I think you have a chance.
Yes, the format is still detrimentally old school, and we could do a lot better in that department, but at least the right kind of person is reading what you have to say.
But if it's stodgy, rules-bound HR departments, scared of making a bad decision (and their own shadow)...you probably won't pass the safety test.
Without any help, you can dramatically improve your odds by only applying to roles where you know the recipients of your information will be top executives.
They're the only people who can change the plan. Reallocate resources. Hire who they want, regardless of "the rules."
I have a Kindle book on unorthodox job hunting methods that work and radio interviews about them I'd be happy to provide. I'd post the Dropbox link here but am not sure that would be OK. (Mods, if it is, let me know and I'll do that.) In the meantime, I'll be happy to share them with anyone who messages me.
This could go one of two ways. I've had some employers hire me because of Entrepreneurial things I've done and mentioned on my resume and CV, and I've had other potential employers who either felt threatened by it or thought I wouldn't be committed to their business and would run off and start my own thing.
I think at startups and/or smaller businesses where positions tend to be less structured it's viewed as an asset that you can be a jack of all trades, your comfortable working in a fast paced and changing environment, in a more corporate atmosphere where they want you to do your job and only one specific duty it may not be seen as an asset.
You could potential tailor your CV to include or leave off the Entreprenurial stuff depending on whom you're applying with.
I thought Mary above had an interesting approach, mentioning you worked for the company and leaving off that you were the owner depending upon the position and company you're applying with.
Related Questions
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How can I smoothly transition from full time worker to self-employment?
The ways I've done this in the past are 1) Find some customers that are willing to hire you (or your product) but know that you'll only be free nights & weekends to support/work with them. 2) Find a "partner" (co-founder or other) that's got a flexible schedule that can help build the business while you're at work. 3) Block out nights, mornings and weekends to build the business till you have enough orders to cover 50% of your salary. This might mean 7pm-11pm most nights, and 4 hours each day Sat & Sun. Make progress (sales $$$) and momentum. All that being said, it's risk reward. Sounds like you want to avoid taken the risk, and I get that .. but the upside is always smaller. Unless you put yourself in a position to have to succeed (ex: quitting your job) then you may never make the scary decisions that are required to build a company (like cold calling, going in debt, making a presentation, etc). I'm on company #5 with many other side projects started nights & weekends .. so I get it - but don't be afraid to bet on yourself and go all in.DM
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If I have a business idea for a large company, how can I give it to them and mutually profit, without them just taking the idea and squashing me?
Probably not the answer you're looking for, but companies have so many unimplemented ideas that the likelihood of partnering to implement someone else's idea is really low. And besides which, the idea is not something that has much value in and of itself. If you're passionate in the idea, build it yourself. That's the only way you can have leverage.TW
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How was SnapChat able to grow so quickly?
I'm answering your question assuming that you hope to be able to replicate it's own success in your own mobile app. There are a couple of factors responsible for it's growth that are instructive to anyone building a mobile app. "Leveraging the intimacy and privacy of the mobile phone." We now have an *intimate* relationship with our phone like no other device in the history of technology. Every internet company that started before around 2010 has built their core interactions around "the old web" one which was accessed primarily via a browser on a computer. Companies that start with a clean slate, should be building their interactions around how to do whatever the app is supposed to do while leveraging what is unique to people's relationship to their mobile devices. Photo-sharing has become a core part of the way we communicate now. Snapchat built something that provided an experience that leveraged the feeling of privacy and intimacy that is unique to mobile. "Provided an escape from the "maturity" of other online services." Too many parents, aunts, uncles and other "old people" have encroached into the social networks of teens and young people. As a result, they've had a desire to find places to express themselves in places inaccessible by older generations. An important distinction is that it's not just parents and relatives that young people are trying to avoid, but also employers & colleges who are increasingly using "mature" social networks to review applicants. "Leveraged PR even bad PR" The fact that the app got so much press about it being used to sext was perfect PR for the company, as it essentially reinforced the brand experience that it has today. Essentially, "if it's safe enough to send a sext, it's safe for any kind of communication I want to have." And although the safety and security of Snapchat is actually not as advertised, it still enjoys the reputation of having less impact than any primarily web-based service. Building a successful mobile application is one of the hardest challenges to face designers, programmers and entrepreneurs in the history of writing software. Happy to talk to you if you're considering building a mobile app, about what I've learned about the "table stakes" for success.TW
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How do you make money to survive while you are building a business? What are some quick ways to make money with less time commitment?
I love this question. If you have to work on the side while building your business, I recommend doing something you absolutely hate. That keeps you hungry to succeed on your own. You'll also typically save your energy for the evenings and weekends where you'll want it for your business. Don't expect to make much money at your "other job" but you can work it to pay the bills while you build your business. This approach also forces you to build incrementally, and it keeps you frugal. This is not necessarily ideal. Having a bunch of money set aside sounds nice and luxurious, but not having the resources puts you in a position where you have to figure it out to survive. I love that. I started my business eight years ago on $150 and today we do a million a year. Don't wait until you have the resources to start safely. Dive in however you can. And avoid shortcuts. Don't waste your time scheming to make bigger money on the side. Do something honest to live on and create a business that drives value.CM
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I have this social media idea,but no coding skills. How do I get someone to do the coding (cant afford to pay them) and not give away half of my idea?
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and business. And I'm going to answer this because I get asked some form / version of this question very frequently from newcomers to entrepreneurial-ism. The scenario goes something like this: "I have a great idea. It's amazing, I love it, and I just KNOW it's gonna make me a ton of money. But I have no money right now so I can't afford to (fill in the blank with things like "to build it / create it / market it / etc" or "to hire the required staff needed to work in my business to sell it / develop it / etc"). And I don't want to tell anyone about my great idea because I'm worried someone will steal it and make MY million / billion dollars. But I can't afford to legally protect it either... So how do I launch without the skills to personally create the product AND no money to hire anyone else to do that either??" The answer is ... You don't. Look - let's be honest. All you have is an idea. Big deal. Really. I'm not saying it's not a good idea. I'm not saying that if properly executed it couldn't make you a million / billion dollars... But an idea is NOT a business. Nor is it an asset. Until you do some (very important) initial work - like creating a business model, doing customer development, creating a MVP, etc - all you really have is a dream. Right now your choices are: 1. Find someone with the skills or the money to develop your idea and sell them on WHY they should invest in you. And yes, this will mean giving up either a portion of the "ownership" or of future income or equity. And the more risk they have to take - the more equity they will want (and quite frankly be entitled to). 2. Learn how to code and build it yourself. MANY entrepreneurs without financial resources are still resourceful. They develop the skills needed to create what they don't have the money to pay someone else to do. 3. Get some cash so you can pay someone to do the coding. You'll probably have to have some knowledge of coding to direct the architecture of your idea. So you will likely still have to become knowledgeable even if its not you personally doing the coding. (This is not meant to be a comprehensive list of options... And I'm sure some of the other experts here on Clarity have others to add - and I hope they do) To wrap up - Here's my final tip to you that I hope you "get"... It's FAR more valuable to have an idea that a very specific hungry crowd is clamoring for right now - One that THEY would love and pay you for right now - Maybe even one they'd pre-order because they just have to have it - Versus YOU being in love with your own idea. [Notice I didn't say "an idea that some as-of-yet-undetermined market would probably love"] I wish you the best of luck moving forward.DB
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