Considering self employment? Scrutinising your skill level and motivation
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If recent downturns in the market have you now standing at the crossroads of a career change (or other career decision-making situation), for some of you the desire to start your own business may be strong but overshadowed by uncertainty over what type of business to commence.
Even if armed with a positive outcome from our ‘Are you an Entrepreneur Quiz’ that demonstrated you have what it takes to be a successful entrepreneur, you may still be no closer to a decision on exactly what type of business you would like to get into.
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There are a number of important areas that you will need to consider before you embark on your new journey as a ‘business owner’. One of these areas was covered in our previous article, ‘Identifying your expertise, experience and education’ where we guided you through the process in developing lists that identified your expertise, experience and education.
While there are no right or wrong answers to this exercise it is essential that you be completely honest with yourself, otherwise you many find yourself starting up a business under false pretences.
For example, say you stated that one of your skills was bookkeeping, you had a high level of competency in this area, and that you thoroughly enjoyed using this skill. However it turned out that you were only moderately skilled in bookkeeping and in all honesty, don’t really enjoy using this skill as much as you had originally indicated. If this were the case, down the track the bookkeeping consultancy that you started up could have a greater chance of failing due to: (a) your lack of knowledge and expertise in this area, and (b) your lack of motivation, enthusiasm and passion for using this skill. This could unfortunately result in your loathing and eventually losing your small business.
Step 1:
Take a piece of paper and draw a table with four columns across and six rows down. The row headings should be labelled ‘Thoroughly Enjoy Using’, ‘Enjoy Using very Much’, ‘Like Using’, ‘Prefer Not to Use’, and ‘Strongly Dislike Using’. These are your five motivation category labels. [We will add the columns in step 3 so do not worry about these at this stage.]
Your paper should look something like this:
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(A) |
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THOROUGHLY ENJOY USING
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| ENJOY USING VERY MUCH |
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| LIKE USING |
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| PREFER NOT TO USE |
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| STRONGLY DISLIKE USING |
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Step 2:
Take your existing list of skills and begin to fill in column A.
To recap, your list may look something like this:
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Plan / Organise
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Produce skilled craft
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Tend animals
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Observe
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Maintain records
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Count / Reconcile
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Transport
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Mediate
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Interview for Information
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Teach / Train
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Classify
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Make Arrangements
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Initiate Change
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Prepare Food
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Monitor
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Entertain / Perform
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Budget
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Research
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Organise
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Proofread / Edit
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Write
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Make Decisions
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When completing this step, ask yourself:
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How much you like using the skill, or would like to use it if you could. [Do not consider your competence in the skill at this stage.]
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Try not to think about your current job or even the job (business) you are considering, when you perform this exercise.
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Try to distribute your list as fairly and evenly as possible across all the motivational labels.
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(A) |
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| THOROUGHLY ENJOY USING |
- Plan / Organise
- Produce skilled craft
- Tend animals
- Observe
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| ENJOY USING VERY MUCH |
- Maintain records
- Count / Reconcile
- Transport
- Mediate
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| LIKE USING |
- Classify
- Make Arrangements
- Initiate Change
- Prepare Food
- Monitor
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| PREFER NOT TO USE |
- Entertain / Perform
- Budget
- Research
- Organise
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| STRONGLY DISLIKE USING |
- Proofread / Edit
- Write
- Make Decisions
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Step 3:
Place the competency labels ‘Highly Proficient’, ‘Competent’ and ‘Little or No Skill’ across the columns on your table. Your table should now look like this.
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(A) |
HIGHLY PROFICIENT |
COMPETENT |
LITTLE OR NO SKILL |
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THOROUGHLY ENJOY USING |
- Plan / Organise
- Produce skilled craft
- Tend animals
- Observe
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| ENJOY USING VERY MUCH |
- Maintain records
- Count / Reconcile
- Transport
- Mediate
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| LIKE USING |
- Classify
- Make Arrangements
- Initiate Change
- Prepare Food
- Monitor
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| PREFER NOT TO USE |
- Entertain / Perform
- Budget
- Research
- Organise
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| STRONGLY DISLIKE USING |
- Proofread / Edit
- Write
- Make Decisions
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Step 4:
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(A) |
HIGHLY PROFICIENT |
COMPETENT |
LITTLE OR NO SKILL |
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THOROUGHLY ENJOY USING |
- Plan / Organise
- Produce skilled craft
- Tend animals
- Observe
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| ENJOY USING VERY MUCH |
- Maintain records
- Count / Reconcile
- Transport
- Mediate
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- Maintain records
- Transport
- Mediate
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| LIKE USING |
- Classify
- Make Arrangements
- Initiate Change
- Prepare Food
- Monitor
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| PREFER NOT TO USE |
- Entertain / Perform
- Budget
- Research
- Organise
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| STRONGLY DISLIKE USING |
- Proofread / Edit
- Write
- Make Decisions
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After completing the above exercise you should now be able to pinpoint at-a-glance the skills that you are highly proficient at, and which you thoroughly enjoy using. As it is a well known fact that the more you are able to harness and use motivated skills within your job the happier you will be within your work, you should consider integrating the skills you listed in the upper left-hand corner of your table into your new business.
For the skills that you identified as having a high motivation in using, however limited competency, perhaps you could consider enhancing the skill level by undergoing further training or professional development. This way you will eventually be able to use these particular skills within your new business. Or, perhaps you may know someone who is highly motivated and highly skilled in one of these areas and negotiate an alliance or partnership with them.
To your success!
Annemarie