But You'll be 'unemployed'!

At first glance, my friendтЂ™s belief seems strange. If she makes the transition she wants, sheтЂ™ll be the owner and CEO of her own company, with total control over the operation of her business. SheтЂ™s saved up enough money to pay her expenses while she builds up a client base. And sheтЂ™ll have made a career out of doing what she loves. Why would she think of that situation as тЂњunemploymentтЂќ?

The answer is that my friend simply canтЂ™t accept the idea that itтЂ™s possible to have a career that doesnтЂ™t involve going into an office every weekday, remaining there between at least 9 and 5 oтЂ™clock, being gradually promoted through a large corporate hierarchy and drawing a steady salary. All the jobs sheтЂ™s held during her working life have had those features. Anything else, to her, is тЂњunemployment,тЂќ and her family and friendsтЂ”having had the same type of work backgroundтЂ”are likely to feel the same way.

When I told people in my life I was leaving the legal profession to be an author and success coach, I learned that some of them shared this attitude. тЂњHowтЂ™s unemployment treating you?тЂќ one asked. тЂњSo when do the unemployment checks start rolling in?тЂќ another teased. I explained to them that I was not тЂњunemployedтЂќтЂ”I was simply going into business for myself. They smiled and nodded, but it was clear what they were thinkingтЂ”тЂњyeah, make all the excuses you wantтЂ”youтЂ™re still unemployed in my book.тЂќ

тЂњUnemploymentтЂќ has nasty connotations for most of us. We often associate it with being lazy, not being good enough to тЂњmake the cutтЂќ at work, being on the government тЂњdole,тЂќ displeasing our families and friends, being unattractive to potential mates, and so on. Thus, for many of us, the fear that we will be perceived as тЂњunemployedтЂќ is enough to keep us in conventional 9-to-5 jobs and prevent us from doing anything entrepreneurial, even if the latter is what we truly desire.

If youтЂ™re thinking of leaving your current job and starting your own business, I donтЂ™t want the fear of тЂњunemploymentтЂќ to stop you. If youтЂ™re struggling with this fear, take a look at the observations I make below and see if they do anything to change your perspective.

First off, if going into business for yourself makes you тЂњunemployed,тЂќ the тЂњunemployedтЂќ of this world are quite a distinguished bunch. The founders of Apple, Google and MicrosoftтЂ”who, as most of us know, are now some of the wealthiest people in the worldтЂ”were also тЂњunemployedтЂќ by this definition during the startup phases of their companies. If theyтЂ™d worked conventional 9-to-5 jobs instead of striking out on their own, their ultra-successful businesses wouldnтЂ™t be around today.

My larger point is that no conventional 9-to-5 jobs would even exist if no one had been willing to start a business in the first place. If no one had taken that initiative, there would be no companies to employ the massive legions of salaried office workers in our society. SomeoneтЂ™s got to take the financial risks associated with entrepreneurship for our economy to operate at all.

I think that, on some level, most people who fear entrepreneurship because they view it as equivalent to тЂњunemploymentтЂќ are aware of this. ItтЂ™s not that they think going into business for oneself is inherently foolish or impossibleтЂ”they simply think it would be тЂњarrogantтЂќ or тЂњunrealisticтЂќ to believe they could do it successfully. They predict that, if they started a business, they would end up in the circumstances we typically associate with unemploymentтЂ”i.e., broke, тЂњon the dole,тЂќ having nothing in particular to do, and so on. тЂњBill Gates may have done it,тЂќ they think, тЂњbut IтЂ™m not Bill Gates.тЂќ

In other words, people who suggest that theyтЂ™d be тЂњunemployedтЂќ if they started a business are really just expressing feelings of inadequacy about themselves. And if someone says the same about your entrepreneurial aspirations, theyтЂ™re probably motivatedтЂ”at least in partтЂ”by envy or resentment. Because they donтЂ™t think they have what it takes to strike out on their own, they feel that youтЂ™re acting like youтЂ™re superior to them by doing what they couldnтЂ™t bring themselves to do.

But what if you recognize this feeling of inadequacy in yourself, and itтЂ™s preventing you from pursuing your business idea? I recommend that you start by contemplating what would happen if you started your own business venture and it failed. Suppose your company consistently failed to generate enough revenue to cover its costs. What would be true about you, and what would happen in your life, if that worst-case scenario came to pass?

IтЂ™ve asked this question in the past to clients who were considering career transitions. Interestingly, their fears surrounding failure donтЂ™t usually concern their survival or their financial circumstances. TheyтЂ™re not afraid that theyтЂ™ll starve to death, be unable to support their children, lose their homes, and so forth. Whatever happens from a financial perspective, theyтЂ™ll probably find ways to get by. Instead, theyтЂ™re afraid of others labeling them in hurtful ways. They envision their loved ones, friends, acquaintances and others saying or thinking things like тЂњI always knew heтЂ™d never amount to anything,тЂќ тЂњsee, sheтЂ™s nothing but a bum,тЂќ тЂњheтЂ™s like a daydreaming child with no common sense,тЂќ and so on.

However, people usually donтЂ™t examine why they are trying so hardтЂ”even to the point of stifling their career aspirationsтЂ”to avoid the possibility of othersтЂ™ disapproval. When I ask them what would happen if their business failed and someone else attacked or ridiculed them for it, they typically give one of two answers. Sometimes, they canтЂ™t quite pinpoint what bad things would happen if someone disapproved of themтЂ”they just have the gut feeling that they need everybody to like them. At other times, they find themselves coming up with an answer that is irrational or ridiculous on its faceтЂ”for instance, that theyтЂ™d die if someone else disliked them.

Either way, when people seriously consider this question, they usually start to doubt that their fears of тЂњunemploymentтЂќ are a sufficient reason to avoid going off on their own. Understanding what theyтЂ™re truly afraid of gives them a feeling of freedom to explore career possibilities they hadnтЂ™t thought were open to them before.

I invite you to try this exercise. Ask yourself what youтЂ™re really afraid will happen if you start a business venture and it fails. I think youтЂ™ll find that your fears surrounding тЂњunemploymentтЂќ arenтЂ™t as reasonable or convincing as youтЂ™d thought.

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