What I Miss About Corporate Life

Published: November 4, 2015
By: Faye Hollands

Yesterday I took the day off, chucked on a pair of heels and celebrated Melbourne Cup with some of my clients and friends – it was awesome.  And it’s one of the things I miss about my former corporate life.  Running your own business can have lots of highs, but I’d be lying if I said there weren’t a few things I missed about being an employee…

For the last 8 years I’ve been my own boss, but before that I spent my whole career working for big blue chip corporates, and there are some distinct upsides I miss about those days.

So if you’re thinking about starting your own business cast your eye over this list of benefits that you might not enjoy if you wave adios to being an employee : –

1.  Paid Holidays:  When I take time off I still need to know that my business is earning enough to pay me whilst I’m away.  In the early days that wasn’t easy AT ALL, and in fact I simply didn’t get paid when I was off which can be pretty stressful.  Having your own business can ‘buy’ you flexibility for sure, but if you don’t have the money to step back from the day-to-day or afford the holiday’s you’ve been hoping to have, it’s kinda pointless.  Building a business that either has a passive income stream (pays you whilst you’re not working) or can afford the flexibility you want is critical, and that takes a smart business plan and execution.

2.  Help On Tap:  In bigger businesses there’s normally someone you can turn to ask for help and get expert advice, almost at the drop of a hat.  As a solo business owner it’s easy to feel very alone and also stuck when you have a challenge you want to talk through with someone.  Having a strong network is therefore critical but this takes time and needs to be maintained on a regular basis.

3.  Specialised Departments:  I joke and say as a Small Business owner you become the Toilet Cleaner through to the CEO, and everything in-between.  The beauty of bigger businesses is the split of responsibility and the specialised departments that can help you with IT, HR, graphic design, finance, logistics, admin and so on.  Having an expert on hand to help you can be invaluable, and a big time saver!  Of course outsourcing is important when you’re a business owner if you want to improve your productivity and results, but in the early days you may not have the money to outsource everything you’re not good at, and suddenly you may find yourself doing lots of different things in your ‘job’ that you’ve never done before i.e. bookkeeping, marketing, business development etc.

4.  Paid Training:  I love learning so getting free training was always a highlight of corporate life for me.   Nowadays whatever I want to learn comes out of my own bank account, and some courses have pretty hefty price tags.  Don’t ever take those opportunities for granted when you’re offered training through your employer – grasp them with both hands and be grateful.

5.  Free Corporate Functions:  Jeez, I loved a free bar and a swanky restaurant that cost me nothing.  That doesn’t happen very often anymore – if I go somewhere, I pay for it – it’s as simple as that.   This certainly shouldn’t be a deal breaker when it comes to weighing up corporate life versus going it alone, but it’s the one – and only – thing I still miss!

Fast forward to now, with 8 years of small business success under my belt, and clearly these 5 factors haven’t been enough to make me turn on my heels and head back to corporate life.  I love what I do, and I’m a big advocate for pursuing your dreams so if you’ve always wanted to be your own boss then you should go for it.

There are so many upsides to following your passions and running your own business, but it’s not for everyone and it’s important to be brutally honest with yourself about what you love as an employee versus what life would look like as your own boss.  If you’d like help with that reality check to ensure you’re making the right decision book a free consultation with me and lets have a chat to see how I can help.

Faye Hollands

About Faye Hollands

Faye is an accomplished Career Coach, Small Business Coach and Productivity Specialist who has successfully coached countless clients on how to create a career they love, get more done in less time, and achieve personal and professional success. To receive weekly articles to improve your career, business and time management skills click here or book your Free Focus Session here.

You can contact Faye on +61 2 8323 4335 or email fayehollands@outshineconsulting.com

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