I had the pleasure of speaking with Jean Dobey, the CEO and Founder of www.Hibe.com and Tim Morris, the firm’s VP of Marketing and Business Development. Our discussion centered around entrepreneurship as a profession and finding the right idea to start your company.
Being an entrepreneur brings with it a combination of freedom, risk, reward, and sacrifice. Each of which are described below:
Freedom: As an entrepreneur, you are your own boss, which truly lets you make your own decisions and build your company in the way you think it should be done. It can also provide you with a high degree of flexibility in regard to scheduling, with the exception, of course, of your agreed to business commitments.
Risk: Making the decision to start your own company brings with it many types of risk. Financial risk is created because of the investment of your capital and the acceptance of personal financial obligations related to start your company. Reputational risk is caused because the success or failure of your company reflects on you personally.
Reward: The rewards of starting your own company aren’t just financial, which, or course, can be quite substantial if you are smart and a little bit lucky. High reward also comes from seeing your dream turn into a reality and knowing that the product or service you have created is helping the world in some way.
Sacrifice: What those outside the entrepreneurial world don’t see is the incredible number of hours worked, personal energy expended, reduced short term income, and the high personal commitment that it takes to get a company off the ground.
All this said, entrepreneurship is not for everyone. It requires enormous professional discipline, confidence without arrogance, an understanding of the world around you, and a vision.
Professional discipline: When you are your own boss, you must do whatever is needed, not just things you personally enjoy the most. You must also be willing to continue working toward your dream/vision, even when the going gets tough. In fact, during these hard times, it’s your inherent belief in your dream that keeps you moving forward.
Confidence without arrogance: No one knows everything. Certainly you must be confident in your skills and the power of your vision, but you must also be willing to accept and internalize the advice of others and modify your tactics and/or realign your strategy if you believe their advice to be true.
Understanding of the world around you: It is this understanding that helps you find a problem that needs to be solved or the need that can be filled, which becomes the basis of your dream, your business vision, and your company’s direction. At www.Hibe.com, they recognize the need for privacy of people’s social media content, the ability for people to interact differently with their different social circles, and the want to provide context to information about themselves that they were posting. For example, there are things you may wish to share with your family that you do not wish to share with your friends and coworkers or vice versa.
Vision: With a defined need established by understanding the world around you, you are in the position to dream about the future, clarify your vision, and formulate a strategy to make your dream a reality. As an entrepreneur, this vision provides you with two very key benefits. First, it provides you with a direction to move forward. Second, as previously mentioned, it provides you the motivation, commitment and tenacity to continue to push forward when the going gets tough.
On a personal note, as an entrepreneur and the founder of Manager Mechanics, I found my conversation with Jean and Tim to be very true and personally inspiring. That said, I wish Jean, Tim and their company, www.Hibe.com, much success. They have created a great product and I hope for those of you reading this blog, and are currently in an entrepreneurial venture or would like to start one, that it inspires you to do the same.
Jean Dobey, Tim Morris, and company can be found at www.Hibe.com.
If you have any questions about your career in IT, please email me at eric@ManagerMechanics.com or find me on Twitter at @EricPBloom.
Until next time, work hard, work smart, and continue to build your professional brand.
Read more of Eric Bloom's Your IT Career blog and follow the latest IT news at ITworld. Follow Eric on Twitter at @EricPBloom. For the latest IT news, analysis and how-tos, follow ITworld on Twitter and Facebook.