Should I Quit My Job? with Carol Vincie
Welcome to this, instalment number two in this article series all about answering questions surrounding moving from a job or career to starting your own business. In her first article, Should I Change Careers? with Carol Vincie, the A Game Accelerator talked to us about Mission Impossible, The Sandwich Generation, the strengths of ADD and so much more.
If you haven’t read article number one, I recommend you do so now, using the link above.
And if you prefer to listen to Carol deliver this information, you may do that below, in Using Your Core Strengths to Stay in Your A Game. Or, just keep on reading!
Now, after a quick visit with Carol’s accomplishments, let’s get on with deciding if you should quit your job and pursue the business of your dreams.
More About Carol Vincie
Who specializes in unique solutions to challenges faced by her clients? And who brings her experience in venture capitalism, entrepreneurship and the corporate world to the sage advice she offers her clients?
Carol brings a rich library of knowledge concerning hiring, investment-seeking, business strategy, and turnover mitigation. Everything from your first hire, to franchising and filling that CFO position…she’s got you covered.
And on that note, let’s learn it, model it and get shit done!
Are You Wondering, "Should I Quit My Job?"
There are three aspects involved with reaching a decision between staying in a job you don’t like and moving on to launch your own business.
- What are your basic talents?
- How do you manage time?
- What critical tasks will lead you to success and the ability to have an income stream before you resign from your current position?
The focus here will be on What Are Your Talents?
People have said me, “Carol, I have no idea what my talents are. How do I go about understanding what those skills are?”
To find the answers to that question, find a piece of paper and draw a vertical line down the middle. On the left side, write what you love. On the right side, write what you hate.
This applies to your business environment, if you’re a household manager, if you’re working in the community…there are things you’ll be attracted to in that position.
I want you to write down three things about what you’re doing right in this moment. Think about what you love about it.
While you’re thinking about that, I’ll share with you a few things I wrote down when this was presented to me years ago. At the time, I was transitioning from my corporate job to starting my own business.
For me, this was (and still is) critical. I want people to give me a task, provide me with the deadline and then get the hell out of the way. I want them to know that I’m smart enough to ask for help when I need it, but leave me to my own devices to get it done.
I want to learn something, and I want to be able to solve a difficult problem. This may not be something you aspire to, but that’s me. I’m a risk taker. I’m willing to crawl out onto a limb and hope it doesn’t break while I try to figure out a solution. Risk does not bother me, but you may be very risk-adverse.
That’s the positive side. Now the other side of that page will include the things you hate about your current position. Here's one of mine.
I will do it once, but then boring, repetitive activities are of no interest to me.
The Same Exercise, in Five Different Roles
I’d like you to take that time to go through that exercise for five different roles. It could be all business roles, it could be a combination of business and family responsibilities. Both the loves and the hates.
When I introduce myself as playing in the venture capital arena, the reason I use the word playing is that even though the schedule was grueling. I hired 41 people in 90 calendar days. I’m not a recruiter, but that’s the role I had to take on to build a company that was strong enough to attract investors. And I did, in fact, find a $15M investor for that company.
Like I said, it was grueling. I was in the office by 7 a.m. and barely back to my hotel room by 11 p.m. each night—but I loved every minute of it. It didn’t feel like work. It was incredibly satisfying. There was a lot of risk, it was fast-paced…and that fit my definition of a great opportunity.
This is only the beginning of your talent assessment. I use a series of web-based assessment tools that will provide you with a much better description, including a narrative. I’ll share this example:
One of my clients, who’s a sales rep, took the assessment and it was pointed out that he had poor detail skills. He resisted. He said, “Oh no, that’s not me.” I’m not going to argue with him, but I was a sales rep for a good part of my corporate career and I know we’re intrinsically terrible with detail. But again, I wasn’t going to argue.
I gave him the hard copy of his report. He went on his way and called me a few weeks later. He said, “I reread the report and realized that when I submit my expense accounts they get rejected three to four times.”
This meant the American Express bill showed up long before he received reimbursement for his business expenses.
He said, “I made a small change. I took twenty minutes at the end of every day to log my expenses for that day.” He continued, “I just got a check back, after submitting the form only once. It was not rejected, and I now have the money to pay my American Express bill.”
That sales rep thanked me for the assessment. He made one small change, and that resulted in one huge difference.
The Search for Balance, with Focus on Your "Hates"
There’s another part of this exercise I’m asking you to complete. There is someone out there who’s going to see the “hate” side of that list and say, “That would be the perfect job for me!”
As you build your business, you’ll want people in your organization who love doing what you can’t stand to do, but who are essential to the business. A great example of this is Barbara Corcoran’s story, which can be found in Hiring an Assistant and Other Outsourcing Wisdom.
As you grow your business, I want you to be able to find people who will fill the gaps that you’re not prepared for, not interested in…or have avoided. That avoidance may have crimped your ability to grow.
Still Wondering, "Should I Quit My Job?"
What did you think of Carol’s take on the question of “Should I quit my job?”? Has it caused you to view your strengths (and others’ strengths) in a different light? I hope so, because that’s the precursor to growth…as well as the strength to grow.
As you think about change, moving forward and growth, don’t forget about all the resources available to you in the Brand Builders Club. You can join without obligation, cancel at any time…but that rarely happens because it’s so rich with wisdom, support and accountability. In fact, you can join a Thinkubator at any time to get a taste for what you’ll experience there. Don’t be shy!