Brave new world of private sector

One of my favourite writers is Aldus Huxley and his colourful utopia books about the how the world will look like sometime in the future. I was probably 25 when I first came across his books and at that time I was a corporate soldier working for a large multinational corporation.

I was getting very well trained how to get along in the bubble of corporate kingdom with as many employees as a smaller city somewhere in the world. You have to have certain skills in selling ideas, setting appointments, writing emails, talking and networking all with the aim of getting your agenda in front of someone who can say yes or no or a maybe. This type of structure is very good to learn new cutting edge methods and systems as they have “unlimited” resources to pay for training, consultants, fund projects and so forth. Also you can be specialist in a field within a function and be great and valued.

Also I would say the work morale varies between people a lot. Most of these corporates have employee performance evaluation systems on an annual basis, where they put you into categories of below requirements (you must improve – otherwise you are out); good-ish that you do your job from 9am to 5pm and you do nothing more nothing less and excellent that you are better than the 80% of others wanting to do more.

When you get to the private and start-up type of businesses things change. You have to learn, or have very different skills. The resources are not in abundance; you have to be a financial wizard to make things work. There is no such thing as middle class performance, you are great or you are out and also colleagues, the owners or just simply the market does not tolerate failure. You know the statistics… From every 10 company, 9 goes out of the business in first 5..10 years.

So when you sit in your corporate comfortable chair, and think about having your own business or join a start-up, please do some serious thinking. See how you can improve yourself as a person so you can always deliver 110% and also train yourself all the missing skills and knowledge what you will need in there about sales, marketing, finances, IT and legal.

I did not mean to scare you off, it is a brave new world out there and it is the most fun you can ever have, so I encourage everyone to try!

Enjoy the ride and deliver results!

GRisks you did not take

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