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You should never stop dreaming – even when we are adults….

January 5, 2010 Leave a comment

I am always a dreamer. Most entrepreneurs are dreamers. I remember when I was 5 years old (life was far easier!) and when asked, “What do you want to be when you grow up?” Responses of ‘A fireman, a police officer, a teacher’ came up. At that age, I never thought I would say ‘a technical recruiter specializing in engineering/sales search consulting‘ or an ‘SEO expert focusing on optimizing new web/blog designs ‘. What happened? Life is what happened. The harshness of the real world kicks in (some call it responsibilities). After university/college graduation, people take whatever job they can get in order to earn money and make a living. Some individuals stick with their first job out of university for many years as they earn experience in order to become very good at what they do. Others use that first job as a stepping stone for a better career.

Jeremy Miller’s article ‘Career Resolutions – Dreaming a Bigger Future’ states that dreams are important. Even through adulthood, dreams are what keeps you going in life. He states that adults still need to dream. However, their dreams are bigger in scope and more grand in scale as compared to a 5 year old kid. Maybe adults dream of owning their own company. You then consider what it takes to own your own company. You start thinking about your current management style, your current leadership style and how you can gain ‘respect’ from the peers around you. Dreams are important no matter what age you are. They motivate individuals in proceeding into a journey towards reaching an end-goal.

Categories: Entrepreneur

When Entrepreneurs become job seekers

December 30, 2009 Leave a comment

I have seen this quite a bit throughout my career as a recruiter. When the economy enters a recession, I see more resumes across my desk of candidates that are currently (or once) CEOs and Presidents that are trying to re-enter the job market to be ’employed’ by companies. This article relates that well. The harsh reality is that these ‘entrepreneurs’ are used to working for themselves and/or by themselves. Many entrepreneurs are considered to be called ‘Mavericks’ or ‘cowboys’ and will have difficulty reporting to a more senior / hierarchical power. Entrepreneurs receive many tax benefits and tax write-offs that they will also have to forego once they transition themselves to become an employee. You might say that the transition from CEO to employee not only involves a change of responsibility and job function but also, a change in complete lifestyle. I have seen some candidates make this transition quite smoothly while others, will have difficulty in adapting to this new way of life.

Career Transition – From Employee to Entrepreneurs

December 29, 2009 Leave a comment

Recently, Tom Johnston wrote an article entitled ‘ Unemployed? Maybe you should be’. Today, I found a follow up article to his former post – ‘Unemployed? Maybe you want to be’. I see people in career transitions all the time. Tom mentions in his article that it takes time to transition from employee to entrepreneur but what’s most important is that a person’s life changes / life evolved. Priorities are different when you are 25 years old compared to when you are 45. People who are 25 years of age want structure, mentorship and training rather than working for themselves.  When the 25 year old move to be 45 year old, their priorities changes. Now they have to deal with aging parents, their own families, children (if they have some), and possibly a more stressful and responsible career. Time becomes a scarce resource and flexibility becomes more important. The entrepreneurial lifestyle can provide this and might fit well into their own lifestyle now then before.

When building companies, sometimes perfecting old fashioned techniques is best rather than inventing something new

December 19, 2009 Leave a comment

I just came back from watching James Cameron’s Avatar. I have high respect for this director. Why? All of his films prior before (Aliens, Terminator 2, Titanic, True Lies) have been either major milestones that are considered ‘event changers’ in the movie industry. His new feature is a $350M spectacle that is expected to break box office revenues in the likes of Titanic. (Titanic grossed $600M domestically and over $1.8B worldwide).

The funny thing that I find is – there’s nothing new in Avatar. The story has been rehashed over and over again in Hollywood (The Last Samurai, Dances with Wolves) , there has been other movies that have costed $250M to make (Star Wars, Lord of the Rings) and did not fair as well as how Avatar is performing. What made this a success is that the studios were willing to let the director take full control of the creative and production process and the director delivered. The studios gave the director full confidence that he would make a game changer.

Maybe there’s a lesson learned here for companies. The companies that are most innovative are not necessarily the most successful. Its the companies that provide consistent service, and are best-in-class in an industry doing the same things consistently will be on top at the end. Avatar has done that. Sure, its a rip-off from other Hollywood features, but James Cameron made sure that what he has put on screen to the public is the ‘best’ there is at this time in an overly competitive movie market.

Categories: Entrepreneur