No matter who you are, you’ll likely encounter a feeling of career stagnation at some point. You may feel like you aren’t going anywhere, or your work does not inspire you like it used to. But, what happens if you are an entrepreneur who no longer feels a passion for their project? What happens when you realize you’re not made to be an entrepreneur, and you’d rather go back to where you were before? You will feel many emotions, and you will really need to think about what’s next. Here are a few things you need to consider when entrepreneurship isn’t for you.
Understand Your Options
If you are certain you are not supposed to be an entrepreneur, you must understand your options before doing anything else. If the initial idea is to sell your business, considering working with services such as https://www.thrasio.com/ that can make the process easier. Selling your business should hopefully generate a profit. You can use the profit to consider options for your next step, whether that’s taking a much-needed break or going back to work in your area of expertise.
Change Roles
Speaking of your area of expertise, you may still want to stay with your company and reduce your responsibilities. If you have a business partner or even a promising employee who’s happy to take the reins, discuss with them what you could do. Depending on your experience and skills, you could take on an advisory role. You can also go back to the frontline. Doing so will allow you to still make an impact without dealing with the stress that can plague business owners if they are not prepared for it.
Consider What You Have Learned
Even though you’re leaving your business to someone else, you can still use the lessons you have learned to help you plan your future. While you have realized entrepreneurship isn’t for you, you still have plenty of experience leading a team, which could serve you well for future positions. If you still want to be part of the industry, such experience will be invaluable and make you an essential member of your new team.
Know That It Doesn’t Make You a Failure
Many entrepreneurs believe, giving up makes them a failure. Thinking this way can have a severe impact on their mental health. However, you must not consider yourself a failure. Instead, it points to your ability to recognize your capabilities and recognize where your talents lie. Not everyone should be an entrepreneur. Although many business owners will highlight how good it is, this is not always the case. If you want to sell your business or reduce your responsibilities, you give yourself the freedom to do something different and take charge of your life.
The Next Chapter
Not everyone is cut out to be an entrepreneur, and not everyone wants to be an entrepreneur. If you decide entrepreneurship isn’t for you, it’s not a sign of weakness or failure. It gives you the chance to take the lessons learned and create something new. You could start a new career, or even retire and travel the world. . You’ll have the freedom to start the next chapter of your life, whatever that might be. Here’s to YOUR success!
Carolyn R. Owens has over 25 years of proven experience and serves as a Career Strategist, Leadership, and Mentor Coach. She is the Chairwoman and CEO of Infinity Coaching, Inc., where they help you up-level your skills so you can up-level your income. Infinity Coaching, Inc. provides one-on-one and group coaching, organizational training, and personality assessments. Carolyn is certified to give both The Energy Leadership Index Assessment and Myers Briggs Type Indicator (MBTI) Assessment. You can find out more about both assessments and other products and services at https://infinitycoaching.net.
