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C-Suite SecretsLeaving corporate

Overcoming the fear of leaving corporate

Start with your why. Before you leave a corporate career, be honest with yourself about what you’re really after and whether owning a business will make your life better. Everybody feels fear or butterflies, and if you don’t, it’s not real. But not doing anything is a risk too, and at some point you have to jump in.

From my conversation with Heather Parsons on C-Suite Secrets: “How successful entrepreneurs think differently about growth and failure.”

On C-Suite Secrets, I talked with Heather Parsons about leaving a corporate career to own a business, and the fear and uncertainty that come with it. We covered why knowing your why comes first, what separates people who succeed, competition and alignment, the false sense of security in a corporate job, making decisions without being paralyzed, and what I wish I’d done more of early on.

In this episode

  1. Introductions
  2. Why I left corporate to own a business
  3. What people are really looking for
  4. Why your why matters
  5. What separates people who succeed
  6. Systems and a proven platform
  7. Competition and alignment
  8. Fear, and whether confidence comes first
  9. The false sense of security in corporate
  10. Making decisions without being paralyzed
  11. What a business gives you beyond money
  12. What I wish I’d done more of early on

What should you ask yourself before leaving a corporate career?

Be honest with yourself about what you’re really after. What’s your story been, what is it now, and what do you want it to be? Owning a business is hard, and not every day is good. So ask whether it will fulfill you and whether it’s going to make your life better. That’s the big thing.

In the corporate world, I took jobs because somebody else thought they were good for me. They were grooming me to do something and be something. Fifteen or twenty years into a career, you take a step back and ask where you’ve been and where you’re going.

A lot of people answer questions the way they’ve been groomed to answer them, and it’s very politically correct. I’ll work with people who have the most perfect resume you could imagine, and we’re still talking for a reason. Something’s missing. Usually it comes back to fulfillment, in your personal life, your career and your community.

“And I think to me, the first thing you have to do is be honest with yourself. What is it that I’m really after?”

Chris Hilgers on C-Suite Secrets, at

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Why does knowing your why matter when you own a business?

Your why is the most important thing, because it keeps you going when you hit a bump. If you have a picture of where you’re going, you hit the bump and keep going in that direction. If you don’t know where you’re going, you end up in the ditch, and it’s hard to get out.

When I look at the people who succeed, they understand their why. That’s first and foremost. They have a desire to grow, and when today was a tough day, they think about how they’ll respond tomorrow. They surround themselves with the right people.

It’s like climbing one of the fourteeners here in Colorado. Some days you pause, some days you take two steps forward, and some days you step back. Along the way you wonder why you’re doing this. As long as you keep moving forward, you’re growing. I don’t think people dream enough about what’s at the top.

“Well, I think the why is the most important thing.”

Chris Hilgers on C-Suite Secrets, at

Is it normal to be afraid of leaving your job to start a business?

Yes. We all have a sense of fear or butterflies at times, and if you don’t, it’s not real. Some fear is good. When people tell me they aren’t concerned about anything, I usually see them come up with reasons not to do it. Everybody’s risk tolerance is different, but at some point you have to jump in.

It’s like the first time you go up on the high dive. You get to the top and think, that’s a long way down. Then you jump, and it wasn’t such a big deal, so you do it again.

Confidence comes both before and after you act. You take action, you make a mistake, and you work out how to pivot. To get comfortable, I work with people to validate a business: what it takes to build it, the key milestones, and how you keep it sustainable. Coming out of corporate, you also gain a whole new network of people who work together to help build you.

“You have to jump in, you have to jump in at some point in time.”

Chris Hilgers on C-Suite Secrets, at

Is staying in a corporate job really the safe choice?

Not always. A lot of people think that having a job means they’re secure. In some cases you are, but in a lot of cases you’re not. There’s risk in going after something, and there’s risk in not doing anything. If you never go after it, you’ll never know.

In the corporate world, you can blame somebody else. When you have your own business, you look in the mirror. Maybe it wasn’t your fault that today wasn’t a good day, but you’re still the one who has to turn the lights on tomorrow. The more time you spend worrying about whose fault it is, the less time you have to solve problems.

Friends and family often try to help by putting walls around you so you’re safe. They love you. But sometimes the day you skin your knee turns out to be the best day of your life. I talked more about leaving a corporate career on Sound BITES.

“And I think there’s a difference between protecting you and holding you back.”

Chris Hilgers on C-Suite Secrets, at

What if you’re afraid of making the wrong decision?

Don’t wait for the perfect decision, because perfection doesn’t exist. Make the best decision you can with the information in front of you, and give yourself some grace. If you don’t have enough to decide, dig a little deeper. I’m not saying make decisions for the sake of making them. Just don’t be paralyzed.

Entrepreneurs are resourceful. They go after things, and when they need to, they take a step back, assess the situation, make a decision and pivot. You’ll make mistakes along the way. Anybody can sit back and justify saying no to something. The harder question is how you say yes.

Part of getting it right is alignment. A company can be very successful, and you can be very successful, and you still might not be aligned in how it works. It can be the best opportunity in the world. If it’s not the right one for you, you shouldn’t pursue it.

“Entrepreneurs are not afraid to make decisions.”

Chris Hilgers on C-Suite Secrets, at

Key takeaways

  • The why is the most important thing, and the first step is being honest with yourself about what you’re really after.
  • The quality of our life is based on our ability to deal with uncertainty.
  • Not doing anything is a risk too.
  • Everybody feels fear or butterflies at times, and at some point you still have to jump in.
  • Franchising isn’t for everybody, and I want your eyes wide open before you decide.
  • Being an entrepreneur isn’t just about a business; it’s about your life.

Questions people ask after this one

You never pay me. The franchise brands do, and only if you end up buying one.

Then you decide not to do it. That is a legitimate outcome and it happens regularly.

Two to four, chosen because they fit what you told me. Enough to compare, few enough to go deep.

All the questions I get asked

This conversation first aired on C-Suite Secrets. Listen on C-Suite Secrets