Dilemma whether to do "A" or "B" or both "A&B" together.
"A" = I have proven track record in training and development and performance coaching in global Cos. and want to pursue it as a business. Hurdle is that since I am not academically qualified (don't have MBA or any PG or training qualifications / certifications from global Coaching Federations) nor backed by big established companies, corporates don't take me seriousy. As an employee of a global MNC earlier it was different.
"B" = Another thing that I could be good at is -- selling Life Insurance products. Have adequate academic qualification and am certified by IRDA (Insurance Regulation & Development Act). My communicationn and coaching skills could make a great impact here. Have been a part-time Life Insurance Advisor earlier with moderate success. Was working in the peripheri of my comnfort zone. Now I want to go big and get out of my comfort zone. Involves lot of administrative and back-end work which takes up a lot of my time and energy.
Physical limitation: Had a disc prolapse recently hence cannot sit at a stretch for a long time, nor can I exert myself physically by travelling and commuting in the city using public transport. I do not own any vehicle.
Financial limitation: Have almost exhausted my reserves / savings. No money for investing in business tools and technology.
No one in my family supports either of the above ventures. They just want me to get a job with the security of a fixed salary every month. That too I am unable to get because of mismatch of my age / experience / designation / academic qualification / last salary drawn (too low compared to my skills and experience) etc.
Am truthful, honest and straightforward - strong on values - and hence haven't been successful in building a great career in the last decade and half in the corporate world.
Any help with an objective and pragmatic perspective is appreciated . . .
ajit... first of all... welcome to therodinhoods!!!
here you will meet lots and lots of people who aren't MBAs or who have dropped out of an MBA course. so don't feel isolated.
i suggest you start browsing the content here - especially the posts under YourStory or Startup! you will find some very inspiring true stories :)
you could also write a small post under JOBS - many entrepreneurs here are looking for people to add to their teams.
all the best!
Thanks Asha for the welcome! Will surely follow ur suggestion & read / research this site more before taking any other pertinent career / business decision. Thanks again...
Good to know about you and my strong recommendation from my end is to find a job that can solve present financial problems at home. It takes time to get what you need or what you wanted. but at the same time its your responsibility to over come sudden family problems like ill health or medical treatment or any other emergency.
the reason is simple.. once you get into a job of previous salary or what ever. you get some good people in your network. you can focus more on your future ventures.
to get any thing or to reach the target it takes TIME . so first focus on your family problems make sure that they can manage the life with out any hurdles.. then slowly concentrate on your task. Remember Rome Was not built in a Day
Appreciate ur response Sai, Thank you.
I fully agree with what u say.
Ajit Bhai........What I See...Option A is the one to go with......IF your work is Good, Irrespective of Educational Qualifications, people will hire your services.
I would suggest that, try to tap people whom you have already trained and get the Testimonials and share them with the prospective Clients. Also, request your Friends, Clients, Associates to spread the word around.....I am sure ti will help sooner than later.
Am Sure...your would get some Entrepreneurs looking for your kind of Services on Rodinhood Platform and contact you for their requirements. Best Wishes
I kinda agree with Gurpreet's thought.
Having said that, if your emergent need is to meet the immediate needs of the family and support them, then I guess, there is no second thought, but you go with Sai's suggestion.
my 2 cents.
Alright....After Reading Sai's and Alok's Views....I too agree that since The need of Cash Flow for running the Home is Immediate, A Job can be looked at and while on Job, the base for own Venture (Option A) can be created.
in most entrepreneur journeys.. the people who are with them are the family members who come first. next comes the friends. ( in some situations friends might be first and family next like that ) and then comes relatives and then banks, VC's etc etc
to concentrate on any task be it own venture or job one needs to have a clean and pleasant mind and for that he has to make sure that his family got every thing they need. so he gets the right food or right time cleaning cloths or what ever from family in time and this really helps him to concentrate on work
because in almost all cases family wont come along with your venture journey. they just support you. so that's the reason i suggest you to clear family issues first and then chase for your dream
I can perfectly understand what is going on in your life right now.
Cutting it very brief (although I would want to write a blog post about this), my suggestions:
a) Sell your skills. From your post, I understand that your passion lies in providing consulting and coaching. Now, use that to build a platform. First have a long term plan for say 5 years, and then create a blueprint. Not doing MBA (if you believe that MBA can provide you better opportunities) is a fault from your side, so make it correct.
b) Don't lose focus on current needs. Your family, your own life and your dreams, all are important. So, use your passion and your skills to create some a war chest. A job, for example, is an option. So is..
c) Online Marketing. The Financial niche, which includes Insurance, Credit Cards, Mutual Funds etc, is one of the most expensive niches ever created. By becoming a publisher who specializes in Insurance, you can make a killing. In fact, as you presented your case, I am sure you can write a book as well.
I hope it helps..
PS: And don't lose hope. You are on the right tract. Just few diversions are distracting you..
I'm not a career expert, but based on the detailed explanation of yours, my suggestion for you would be a COMBO :) Why ?
1) Your financial Situation needs to be addressed first, and the training business can be done parallel while you set your finance right to support & build a base for your family.
2) B option will provide you $, and as per my understanding of Insurance in India, its still in a growing stage and you can take full benefit of this. Also I believe you can do this job as Part time in India (hope I'm correct to say). Also you can meet lot of potential customers for your business thru this job, if you set your target with the right segment of customers you will end up meeting CXO's(SME's, Entrepreneurs, Fast Growing Indian StartUp's) who can get you good business for Insurance products as well as it might open doors for your Training career.
I strongly believe MBA/Certification is just an added qualification, as long as we have the passion, desire and skills( you have trained & you feel you are good), we can achieve anything, but the question is whether we have the passion to go the distance, some time to do that we need fuel/energy, the job might be the energy that will instill lot of confidence, energy & the monetary independence to set yourself in that entrepreneurial path !! Wish You All The Very Best for your new Future !!
Cheers..I have a solution which can be worked out..
Contact Teja of Commsure knowledge solutions, they are a startup doing a lot of work on blended learning space.
Your experience could be handy and you can collabrate through internet.
firstname.lastname@example.org *& 9849990790.
This should work..just get in touch with him and i will put in a word.
Why dont you solve both "A" & "B", in the following manner:
Join a training institue as a corporate faculty in your domain. This will give you a financial safety net, while also honing up your skills and making you ready to realize the nuts-bolts of running a training consultancy. This will be helpful when you launch on your own 2-3 years down the line.
But, there is something which i would tend to disagree with which you said - "Am truthful, honest and straightforward - strong on values - and hence haven't been successful in building a great career ..." Most of the successful people (especially entrepreneurs 2.0) out there have these qualities, best eg- Stever Jobs. So, anyone thinking that one has to sacrifice his/her moral value to reach top of ladder is mistaken. Its true that sticking to moral values makes one lose out many deals (eg- Purchase manager of a pvt firm wanting a cut for approving a PO), but in the long run, you feel proud when you reach there with head held high.