What is it REALLY like to live the life of an entrepreneur? What are the pros and cons of becoming your own boss? Are there secrets around the experience that no one is talking about?
Today, we are pulling back the curtain on the entrepreneur experience. We share the very different circumstances that inspired us to take the leap, discussing the personal trauma and corporate downsizing that inspired our respective decisions. We also offer insight on adjusting to entrepreneurial life, from surviving the early days of working without getting paid to making choices around how to spend your time.
We speak to the pros and cons of entrepreneurship, describing the freedom and respect that come with being a business owner as well as the lack of feedback and added stress and worry. Finally, we walk you through our top ten secrets about being your own boss, including the lie of always being ON, the myth around sales, and the key to partnerships. Listen in to understand how to ride the ebbs and flows of being an entrepreneur and learn why self-care is essential to your business success!
Themes explored in this week’s episode:
- The corporate merger that served as the ‘red carpet’ for Katie to pursue coaching
- How Tegan’s personal trauma inspired her to take the leap into entrepreneurship
- Tegan’s insight around what it means to assume all the risk AND all the reward
- The beginner’s mindset that Katie adopted in the early days of entrepreneurship
- The challenge entrepreneurs face in scaling back their offerings
- How to survive the early days of working but not getting paid
- Making choices around how to spend your time as a green entrepreneur
- Tegan’s advice on starting with a safety net
- Katie’s thoughts on looking at how much you need vs. how much you made before
- How to balance creating more of what you know with creating brand new things that are uniquely yours
- How Katie awakened to the world around her when she became an entrepreneur
- The PROS and CONS of entrepreneurship
The top ten myths and secrets around entrepreneurship:
- Launching programs is not all it’s cracked up to be
- Always being ON is a lie
- You have the potential to be more informed and more valuable than ever
- The mental game IS the game
- You probably don’t need more experience or education
- You don’t have to sell anything
- In the onslaught of unsolicited advice, you decide what works for you
- Deliver on promises, do well, follow up and you will WIN
- Find right-sized partners for your business
- Self-care is non-negotiable
Resources from this episode:
- Learn more about Katie’s book Hidden Brilliance and watch her TED Talk
- An article by Tegan on How to Be Your Own Business Warrior
- Read ‘The Psychological Price of Entrepreneurship’ in Inc. 500
- Explore the idea of self-care with Brené Brown in Dare to Lead
We would love to hear from you! Have an idea for a podcast or a question you want us to address? Interested in additional support, resources and workshops? Here are all the ways you can interact with us!
- Tweet us! @tegantrovato and @TeamAwesomeMKE
- Email us: tegan@BrightArrowCoaching.com and Katie@TeamAwesomeCoaching.com
- Follow us on Facebook @BrightArrowCoaching and @TeamAwesomeCoaching
- Follow us on Instagram @TeganTrovato and @katie_rasoul
- Connect with us on LinkedIn: Tegan Trovato and Katie Rasoul
- Download free tools and sign up for our newsletters, events and workshops by visiting: https://www.brightarrowcoaching.com/ and https://www.teamawesomecoaching.com/
Quotes from the episode:
Tegan—
“With trauma like that, it either becomes a catapult—or you are crushed.”
“If you’re not in alignment, the universe is going to drop kick you onto the right path.”
“If I’m not a job title, who the hell am I?”
“Try to have a little bit of a nest before you take the leap … [or] you’ll be operating from a place of fear and scarcity.”
“For folks who’ve had really powerful careers and are achievement-oriented, we become entrepreneurs who are capable of doing a hell of a lot of things. But that doesn’t mean we should be.”
“[Entrepreneurship] is a self-granted promotion, and you will figure it out.”
“That is the formula: Do what you say you’re going to do. Do it well. Follow up. Be proactive. You’re winning.”
Katie—
“The reality of it is, you may or may not have a full slate [of clients] in 30 days.”
“I made a lot of money in a corporate role, and this was one of the questions that I had: How do I let go of that?”
“It was this whole thing of awakening to world around me, where before I was just in this very small tunnel. I’m thankful that I am now in a place where I can see so much more and experience so much more around me than the tiny sliver I was paying attention to before.”
“Always being ON is a lie.”
“You are good enough right now.”
“You need to do the things that fill your cup in order to have the energy to continue your entrepreneurial journey.”
“What would you do, even if you might fail? What would still be worth it?”
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