I attended a 80-hours of individual start up consultations series. Here is what I learned.
We worked through material that German soon to be entrepreneurs usually learn.
The entrepreneur mindset, how to know if being an entrepreneur is something for you? How to write a business plan etc. My mentor was a super charming German gentleman with who I immediately felt great synergy, 80 hours flew away quicker than I would have assumed.
The most valuable lesson learned was to start loving the numbers. I have to admit - I am not a big fan of Excel. The course helped me to understand how building a business is like a long formula with many variables and few constants. This formula is my personal formula, and only I know how to put the numbers so that the result will be profitable. And there are always more ways to get to the answer. I also got some priceless insight of German history, politics, culture and people. It would have taken me years to gather this information that I did thanks to my teacher within only 30 days.
I got some priceless insight to the German history, politics, culture and people. But there was one moment that I felt that there is something I do not agree with. The attitude towards money.
To explain it I want to share a story from my very first experience as a creative entrepreneur. I was about 10 years old and I had learned how to paint silk. I made beautiful silk scarves for the women in my family and for the friends. For free. Then people started to order scarves from me. I needed to calculate the price, to take into consideration the material (silk is not cheap) and so on. I also had to put a price tag on my creativity. That`s when I started to struggle. I didn´t enjoy painting anymore and I often felt embarrassed to sell my products. I knew they were not as beautiful as before. So I stopped selling the scarves and painted only for myself. This is when I decided that I will not become an artist because it is too difficult to sell my work. Independence seemed very important to me and I decided I need to get a proper job when I grow up.
I didn´t enjoy painting anymore and I often felt embarrassed to sell my products. I knew they were not as beautiful as before.
This could explain why it is impossible to me to be hungry for money. It is so difficult to get used to the concept of being creative and putting a price tag on it and then someone will start talking about being hungry for money. Too much to handle to me. No wonder I started having some second thoughts on becoming an entrepreneur. I asked other female entrepreneurs what are their thoughts on it. Whole new world opened itself for me. I understood that even though women are equal to men, we are different and our way of entrepreneurship is different too. While money is important in business for women too, then there are more motivators for us. Like social value, growth, community and well-being. So this is how I understood that being an entrepreneur might not be a good fit for me but I am certainly going to see myself fitting into a femtrepreneurial formula.