Going Solo – The theory behind self employment

Opportunity

Earlier this month I wrote about the potential benefits of self employment. Now I will consider the theory behind why completing a PhD or being post-doc or Early Career Research puts you in a great position to take the next step to going it alone.

How many of you would say you have expertise in any of the following areas?

  • Analysing
  • Synthesising
  • Critical Thinking
  • Evaluating
  • Problem Solving
  • Inquiring Mind
  • Innovation
  • Enthusiasm
  • Perseverance
  • Self confidence
  • Self reflection
  • Preparation and prioritisation
  • Responsiveness to change
  • Responsiveness to opportunities
  • Networking
  • Income and funding generation
  • Project planning and delivery
  • Risk Management
  • Ethics, principles and sustainability
  • Legal requirements
  • IPR and copyright
  • Society and culture
  • Enterprise
  • Communication methods
  • Team working
  • People Management
  • Influence and leadership
  • Collaboration 

In a recent article from entrepreneur.com Stephen Key lists 5 qualities of successful entrepreneurs. I have mapped Stephen’s advice to the enterprise lens of the RDF and found all of the highlighted attributes are covered in his qualities

1. An unwavering passion. Being an entrepreneur demands commitment and dedication — more than most jobs do, I’d argue.

The Enterprise Lens highlights these attributes

  • Enthusiasm
  • Perseverance

 2. Open-mindedness. The most successful entrepreneurs never forget how much they can learn from others. They ask for advice. They’re flexible. They soak up the best practices around them like a sponge.

The Entrprise Lens highlights these attributes as

  •  Analysing
  • Synthesising
  • Critical Thinking
  • Evaluating
  • Problem Solving
  • Inquiring Mind
  • Innovation
  • Responsiveness to change
  • Responsiveness to opportunities
  • Networking
  • Collaboration 

3. The desire to be an expert. Entrepreneurs like a challenge, but as exciting as it is to consider a new field, high-achieving entrepreneurs know the benefits of staying in the same industry for a while are immense. Learn an industry’s  history. Knowing what’s been done before can help you identify how it can and should move forward. In the meantime, you’ll build a network of relationships to support you in future endeavors, especially when times are lean. Those relationships are invaluable.

The Entrprise Lens highlights these attributes as

  • Society and culture
  • Enterprise
  • Team working
  • People Management
  • Influence and leadership
  • Networking
  • Collaboration 
  • Analysing
  • Synthesising
  • Critical Thinking
  • Evaluating
  • Problem Solving
  • Legal requirements
  •  IPR and copyright
  • Communication methods
  • Income and funding generation

 4. A forward-looking approach. Successful entrepreneurs are always thinking ahead. They may stray from their roadmap, and that’s okay, but they have one in mind. Having a clearly established set of goals will keep you from getting stuck. Your goals may be constantly evolving, but if you don’t know where you want to go, chances are, you won’t get anywhere

The Entrprise Lens highlights these attributes as:

  • Project planning and delivery
  • Risk Management
  • Ethics, principles and sustainability

 5. A constant flow of ideas. Having one project that’s doing well is great. But the successful entrepreneurs I know don’t rest on their laurels. Instead, they’re constantly asking themselves, “What’s next?” They understand that being a successful entrepreneur is a lifestyle choice, not a destination.

The Entrprise Lens highlights these attributes as

  • Evaluating
  • Problem Solving
  • Inquiring Mind
  • Innovation

 Taken and edited from http://www.entrepreneur.com/article/227776

If this has inspired you to think more about self employment or entrepreneurship why not have a look at What do researchers do? Career Profiles of doctoral entrepreneurs

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