Pro tips from entrepreneurs who have raised millions

Pro tips from entrepreneurs who have raised millions

As deliberation continues over the strength of the economy, Americans continue to leave their jobs in search of better opportunities. More than 4 million people quit in July, according to the Bureau of Labor Statistics. Their reasons vary: some leave as a result of low pay, for example, others as a result of lack of career advancement.

Millions are also out of work for reasons beyond their control, such as being temporarily or permanently laid off. Many are likely looking for their next role.

If you’re looking to advance your career, no matter what stage you’re in, here are three career tips from entrepreneurs who have recently transformed.

‘Races are like spider webs’

Shirley Romig suggests a holistic approach when it comes to approaching your career. Romig co-founded Mixo, a short-form video platform focused on food and recipes, just this year.

“Racing is like spider webs,” he told CNBC Make It during public relations company BAM’s Media Matchmaking Day.

“I think as a young person starting out, you have this vision of moving up the career ladder and the career ladder always seems vertical,” he says. “I think the smartest way is to think about the cobweb effect, sometimes it goes sideways, sometimes it goes diagonally, but the goal is to always try to get a differentiated experience.”

Let’s say you know you want to make it to the C-suite one day, she says. Although you can imagine a specific path to get there, along the way, you may find that you receive job offers that are not necessarily in line with that plan. If they pique your interest and seem like the kind of opportunities you want to take advantage of at the moment, go for it.

You never know how they’ll help you move toward that goal, or how they’ll help you find a new and better one.

‘The rising tide lifts all boats’

For Amy Divaraniya, the advice is pretty classic: “A rising tide lifts all boats,” she says. That is, she helps her colleagues and other people around her even as she grows in her career. Divaraniya co-founded Oova, an app that provides women with easy-to-understand information about their hormone levels using urine samples at home, in 2017.

Divaraniya earned her Ph.D. in biomedical sciences with a specialization in genetics and saw firsthand how this type of collaboration could help. In science, she says, “everyone is holding on to their data. They don’t want to share it. I’ve always collaborated on it. And our articles turn out to be so much more powerful because now you have 10 data sources. Against just one.”

It’s an attitude she’s also using to build her company. As Oova works with the hospital system, they have taken patient frustrations into account and tried to resolve them along the way. The number one issue is patient satisfaction, she says, and her number one complaint is the wait to get into a fertility center. The company is helping speed up that process.

‘have an experience’

“I think it’s very important to make sure you have experience,” says Anusha Harid-Paoletti, who founded Liquidly, a privately held asset-focused fintech company, in 2018. Investors in the company include private equity firm Village Global venture, backed by entrepreneurs. including Jeff Bezos and Bill Gates.

“There must be something you know very well,” she says. “I think that’s what will set you apart when you’re in a big organization, but also when you want to take that risk. [as an entrepreneur]. You have something to fall back on.”

In any given job, you are likely to have opportunities to deepen your knowledge of something. Maybe there’s a program you use that you can learn the ins and outs of to become the go-to person for how it works in your company. Or maybe there’s a topic you could learn to help you gain an edge over your competitors. See what kind of resources your company offers to become an expert on that topic.

Even if you’re unemployed, there are tools you can use to gain knowledge on a wide range of topics. Find courses, tutorials, or mentoring programs that you can take advantage of on sites like LinkedIn or Udemy or through a local college or university.

Harid-Paoletti herself spent 10 years working at Goldman Sachs building a financial services knowledge base before embarking on her venture.

“I think there is no substitute for depth,” he says of the importance of learning something at its core. “Like, do things like a surgeon would.”

Verify:

4 entrepreneurs who have raised millions in the morning routines that set them up for success

Top pro advice from an entrepreneur and TED Talks speaker: “Suck a little less than everyone else”

How Surviving Cancer Changed This 34-Year-Old’s Attitude Toward Work: ‘The Concept Of Checking Email Was Laughable’

Register now: Get smarter about your money and your career with our weekly newsletter

Leave a Comment

Your email address will not be published.