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Where would you position on the entrepreneurial ladder?

Where would you position on the entrepreneurial ladder?

Published at 3:56pm 20th November 2017.

Stuart Wright Action Coach Promoted by
Stuart Wright Action Coach

How would you define an entrepreneur? A go-getter? An ideas person? 

Well Stuart Wright who helps business owners (or potential business owners!) achieve their goals believes it's all about getting to the top of the ladder. 

The Entrepreneurial Ladder

  1. Student - This is where most people start, and it can be a tough place to begin if you're trying to start your own business. Whilst it's not impossible, being taken seriously without experience behind you makes the journey harder. 
  2. Employee - The general belief seems to be that before you even think about starting your own business, you'd need to have worked for someone else first. This isn't always the case, but it's often working for someone else that inspires people to start up on their own... and do it better. 
  3. Self-Employed - This is the first step in doing what you want, how you want, and when you want, but there's no denying that this is very hard work. Long hours, lots of worry, and usually only one person (you) to do it all. 
  4. Business Manager - Getting your team together, employing the right people and creating a company that makes more profit, has more success and is growing is usually proof that you're heading in the right direction. 
  5. Business Owner - This is where it all starts to get a little easier. You've set up good systems, your team know what they're doing, and your business now works effectively without you, finally giving you that free time and money that you had in mind when you first stepped into business. Your business is now essentially an asset. 
  6. Investor - Making the most of your free time and profit means choosing what to do next. Whether that's buying other companies, competitors, properties or pensions, you're accumulating assets so that you have multiple income streams. 
  7. Entrepreneur - The top of the ladder has been reached. You're now not only experiencing the life that you were after in the first place, but your expertise and knowledge can be used to help others achieve their goals. 

No matter which stage of the ladder you're at there are ways that an action coach could help. Stuart Wright is exactly that would like to hear from students and employees who would like to set up their business - perhaps you could learn from his mistakes rather than making your own?

As for the self employed and business managers, an event on Friday 8th December 9 - 11.30am in Harrogate will give you the opportunity to pick up new ideas and could speed up your journey to the top of the ladder. Find out about the event here.

Or arrange your free 1-2-1 session with Stuart here.

Beth Parsons from Stray FM's Business Hub talked to Stuart Wright Action Coach about the ladder of "entrepreneurialism". 

More Stray FM Business Hub stories from Harrogate, Craven and Wharefedale here.