How to wait: Don’t

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In general, I'm not a big fan of waiting. So here is advice on how to wait from someone who does it only rarely. But I have found that the art of waiting is to do it actively. The more action you can take the more you feel like you're in control of your life.

How to wait for a raise
Most companies have a designated time to dole out raises. So when you decide you deserve more money, you probably have to a wait for your big moment. In the meantime, constantly remind your boss about the good job you are doing, and subtly prepare her with all the supporting material she will need to justify your raise to her superiors. This means documenting as you go, with an email that is easy to add to your yearly review as evidence of outstanding performance. Also, do research about salaries in your field. If the raise comes in low, whip out these statistics to show your value in the market.

How to wait for a job you love
Many people know they are not happy but don't know what would make them happy. The only way to figure out your dream job is to try doing a lot of things. You don't have to change jobs to try something new — you can volunteer, travel, interview people who are in fields you think might make you happy. People who know themselves well can pinpoint the job that would make them happy. So give yourself opportunities to learn about yourself. And think of your career like a mate — you are better off actively looking that waiting for one to magically appear in front of you.

How to wait for an offer
Here's a common scenario: You just interviewed for a job, and you think everyone loved you, and you think you're a perfect fit. So you sit by your phone hoping for a call. This is not a good way to wait. A better way to wait is to step up the job hunting. If you can get another interview during your waiting time you will not be so desperate for the phone call. If you can drum up another job offer during your waiting time, be sure to tell everyone, because you will be more appealing to the employer you really want.

How to wait for a meeting
If you don't know the person you are meeting, assume each person who goes through the lobby is your person. Look occupied and thoughtful but not busy, and be ready to stand up and shake hands. This means, for example, that you cannot have a stack of waiting room magazines on your lap. One is fine. The same is true if it's a meeting with your co-workers and you're the first person there — try writing on a notepad, or checking your Blackberry. Don't stare into space. Not that staring into space isn't productive, but it's like sex, just because it is good for you doesn't mean you look good doing it.

How to wait for a better boss
Assume your boss is never leaving, and change your boss by changing yourself. Become better at managing up. Key factors in being good at this task are: understanding your boss' fears so that you don't play into them; understanding your boss's preferences so you can be easy to deal with; understanding your boss's goals so you can help her to meet them. Difficult bosses are usually scared and overwhelmed. Develop better people skills so you can sooth her worries where possible, and ignore her the rest of the time, so she doesn't derail your career.

How to wait for a better opportunity
Forget it. Create your own opportunities. You can only find opportunity behind a door if you knock. So, knock on a lot of doors — you have no time for waiting.

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Interviewing idiots

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In case you've never noticed, I rarely interview anyone for this column. Most of my sources are family and unsuspecting friends who complain that I make everyone look bad. But it is not true. It is true that they THINK I make them look bad, but in fact, I could rip them apart in my column, and I do not, in the spirit of being invited back for Thanksgiving and Birthdays.

Recently, I have taken up columnist tasks that require me to interview strangers. And, like the courtesy I give to my family, I do not trash the people I interview. But I am at my breaking point. Some people are so incredibly stupid about their career that I actually struggle to make them seem intelligent during the interview.

So here are two interviews from smart people who are career idiots. (But first, a caveat: I am making the people anonymous. Many readers generously send stories from the field. And really, I love to hear from readers. I learn a lot. So you should know that if I think you're an idiot and decide to write about it, I will at least disguise your identity.)

Career idiot number one: The Apprentice. Not all of them. Just the unlucky one I interviewed. He really did not have a career, which was, undoubtedly, the cause of his ridiculous antics on the TV show that eventually got him fired. But he decided to make a career out of getting fired by becoming a public speaker.

Here are things you need to become a public speaker:
1. Something to say. This guy had nothing. Except to tell me that he was available for speaking.
2. You need an ability to answer questions from the press so that your name gets in the paper and people recognize you and hire you as a speaker. He did not answer my questions, which were all softballs. And he even asked to see the notes I was writing so he could edit them. I laughed.

The lesson from this career idiot is that if you must be a poser, pose carefully. When you first start being something new, (for him, a public speaker) you need to pretend you are that person so people hire you as that person. But do some research before you start pretending. At least learn the basics of how to conduct yourself, and what people will ask of you.

Career idiot number two: The painter whose identity I probably don't even need to hide because you don't know him because he's never sold a painting.

He makes a lot of money as VP of Something Big at his tech company and he gave notice six months before his wife quit work to have a baby. He is starting a career as a painter. He has no idea how to get his art to the market, or how many pieces he'll have to sell to support his family. But he says he has to be true to himself, and painting is his dream.

He says he feels trapped at his current job. This is the picture he paints of trapped: He wanted to move across country, so his large and generous company let him set up remote office in his new home. He hates the long hours of his lucrative job, and his company would let him go part time, but he doesn't ask for that because he doesn't want to like his job. He fears that if he liked his job he wouldn't quit to do his art.

Here is the lesson from career idiot number two: Take a big-picture look at what you have. It might be a lot better than you realize. Remember the first time you woke up next to the love of your life, and up close, in the morning, their face looked splotched and scruffy and gross? Well jobs are like people; they never look great up close so you need to pay attention to the big picture. This guy's big picture is that he has a great job for supporting his new family and painting on the side, and if he's really an artistic genius then he can make a bundle painting and quit his job.

I hate to be a buzz kill here. I'm not saying that I don't like dreamers. I do. I like people who reach for careers that are fulfilling but difficult. But just because the odds of success are low doesn't mean you have to make them lower with poor planning.

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Winter is the time to look for internships

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Students who want a job or internship in June need to start looking in the winter. Those who wait until spring to search set themselves up to be bottom feeders in the job market. The hardest part of a search is starting. Here is a guide to help you start sooner.

Internships
Companies that are popular and prestigious offer internships that are snapped up by spring. An intern offers free or underpaid labor in exchange for a line on a resume. It's a raw deal, but don't underestimate that line.

At the end of college, students with great summer internships are in a separate category than everyone else. Most companies hire full-time staff from their pool of summer interns. Of course, an internship is not a sure bet to success, but it's a sure bet that you have a chance to prove yourself in an industry where you think you'll be happy.

Real-Life Jobs
Look, I don't want to be the one spreading this news, but someone's got to do it: Unless you're planning to go to grad school, or planning to camp out at your parents' home indefinitely, running an effective job hunt is as important as getting good grades during your last year in college. Hunting for a job is a full-time job. You need to send resumes out regularly, scour job listings and company listings, conduct regular soul-searching missions, and you need to leave time and energy to stress about your lack of success in all these areas.

You can take time now, during school to do this, or you can wait until June. In June, all the good jobs will be taken because the students obsessed with getting a great job start hunting in the winter, and top companies accommodate those students. You're going to have to suffer through a job hunt sooner or later, so why not do it when there are still great entry-level jobs to be had?

Your Strategy
Find companies you'd like to work for. Some companies have very structured application processes on their web site. Others will have very little. For the latter, find the name of the human resource manager and send a cover letter and resume asking for a summer internship or a job. If you get a job from a mere 40 resumes, you will be beating all the odds. You should send out 100, but I don't want to overwhelm you. And hey, don't forget all your parents' friends and your friends' parents' friends.

Most colleges have a career center. Use it.
My 21-year-old brother wrote a letter to his roommate's dad asking for an internship at his pharmaceutical company. My brother ended the letter with, “I look forward to your speedy reply.” Quick quiz: What is wrong with his ending? Answer: This is the way you sign a letter to someone who reports to you and is in trouble and needs pushing around. If you did not know that answer you should never send a letter out without a trained counselor reading it first.

If you did know the answer you should still go to your career center. The first rule of successes in business is to know how to leverage available help. The real world is not filled with career centers waiting for your visit. So go there now, while you can.

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How to choose between passion and pay

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Everyone wants to feel passion about their job, but passion and pay do not always go hand in hand, and often they are inversely related. The trick for many of us is to figure out how to balance the love of our life with the food on our table.

Bill Hewett is the bass player for the band, the Modeles, but he does not consider himself a big risk taker when it comes to putting food on the table. So he knew he was in trouble when fire was banned from street performances on his favorite street for performing. Before that, he had been making $500 in a weekend juggling flaming rings.

“It wasn’t easy work,” he says. “I’d have to stake out my spot at 8 a.m. even though I didn’t start juggling until 6 p.m. I used to let other performers have my spot until my show began. The best juggling spot was a place a few jugglers have held for forever, and if you don’t get a big enough crowd, they hassle you for wasting their space. So my spot was at a newsstand.”

After the fire ban, his income fell and he had to supplement it by working at a grocery store. But when the juggling season ended in the fall, the salary of a bagger didn’t cut it. So he took a computer job at the New England Foundation for the Arts. Bill didn’t really have all the skills the company needed, but the company didn’t have the money to pay for the skills they needed, so it worked out well for everyone.

Barbara Reinhold, a psychologist and the head of the Career and Executive Development Program at Smith College, encounters people with the passion-pay dilemma at all levels of the workforce.

“There’s no escaping the need to do what you love as part of your paid or unpaid work,” she says. “But like so much of life, the secret is in the timing.”

And Reinhold recommends that people make money first and then follow their dreams, “as long as you’ve been careful not to grow your tastes with your income. Many people spend and spend to try to forget that the lucrative work they’re doing doesn’t really fit them. This unfortunate condition usually results in a bad case of the golden handcuffs.

“Young people who make a deal with themselves about eventually going where their hearts would lead them and live frugally can have a much easier time of it than those who forget the frugality, or those who don’t develop the skills and discipline required to make money until later in life.”

I ask Bill about the possibility of postponing his dreams of being a musician, and he says he can’t imagine not making music. “I’d do it anyway,” he says, “for myself. So I want to see where I can take it.” But it’s clear that his dream has limits.

He makes $34,000 a year as a computer guy, and I ask him if he’d leave the job if he could make $40,000 a year touring with his band. He says no. He is certain he could make a lot more money as a computer technician in the future. And he sees it as a job he could keep his whole life, and grow with it.

He sees the creativity required to solve computer problems as similar to the creativity involved in music. And he is more skeptical of life on the road: “I couldn’t live off that $40,000 a year for more than a few years. Right now, I don’t worry about food, but sometimes I worry about strings for my bass.”

It is no small feat to get band members to talk to a career columnist. A bass player explained that it would be death to her image to talk about her job to the press. And Bill himself cited a friend who has actually worked for years as a consultant to save a truckload of money and is now spending six months focusing on his band. “Don’t mention his band, though. He’d be embarrassed if people knew he owned a condo.”
Meanwhile, the Modeles continue to make headway in the hyper-competitive world of almost-breaking bands. Bill is a modest guy. When I ask him how he knows his band isn’t a dud, he says, “When we play in upstate New York, people get excited to see us.”

Of course, the music industry is not known for signing a band to a label after hearing them in Utica, but one guitar player (who said his band is gaining traction in the underground and therefore cannot be mentioned in an above-ground career column) reports that the Modeles are well-liked by people who have jobs.

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You only need $40,000 to be happy

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Looking for happiness through financial success? Wondering what the magic number is? It's $40,000 according to Harvard psychologist Daniel Gilbert. Really. So technically, most of you should be happy. And if you're working for the next big raise, forget it. You're better off working on teaching yourself how to look at your money with a different eye.

I remember when I passed the $100K mark. My boss loved my work and gave me a raise that put me at $125,000. But a competitor offered me $140,000 and my boss told me he wouldn't match it. At that point, I had no kids, no mortgage and no car payments, so I didn't need the money. But I recognized salary as a gauge of prominence in my field, and although I was making $125,000 I felt under appreciated.

Eventually, I left that job for one that paid more than $200,000 a year, and I lived the aphorism that you have to spend money to make money. I couldn't take high-end clients out to dinner in my refurbished wreck of a car, so I leased a BMW. Dressing as well as my clients cost an arm and a leg. And I hired an assistant to manage my personal life since my new position left no time for that.

You might scoff at my choices, but I was not unique among those whose salaries hit six figures: My expenses rose with my salary, and my desires expanded with my bank account. You might think, “That won't happen to me,” but how foolish you would be to assume you would be the exception to the rule.

In fact, the rule is well established in research: The first 40 thousand makes a big difference in one's level of happiness. Happiness is dependent on being able to meet basic needs for food, shelter, and clothing. After meeting those needs you need to turn to something other than consumerism. Because additional money has negligible impact on how happy you are. Your level of happiness is largely dependent on your outlook.

Maybe you're thinking there's another magic threshold beyond forty thousand. Like maybe 40 million. But you're wrong. When I ran in circles of venture capitalists, there was a common phrase, “It's not jet money.” Which was a way of saying, it was a good deal, but it won't earn enough money to pay for a private jet. No matter what size the pile of money is, there's always a way to see it as small.

So for those of you looking for more happiness, realize that a new job or a new home won't be nearly as rewarding as a new outlook. Optimism makes people happy. Raising your standing on the optimism scale will impact your happiness more than raising your worth on the pay scale.

Here's a ten-second test to figure out how optimistic you are:

Think of something really bad that has happened to you. Do you think:
1. It has made me a better person.
2. I made some mistakes, but bad things happen to everyone sometimes.
3. Nothing ever goes right for me.

Think of something really good that happened to you. Do you think:
1. I am good at creating my own success.
2. I got lucky.
3. In the end it didn't turn out to be that great a thing.

If you chose the first answer both times, then you probably already feel pretty happy regardless of your income. If you didn't answer one both times, then a shift in the way you think could dramatically improve your happiness.

The good news is that you can train yourself to think positively. Watch how happy people behave. The cliche about gaining strength through adversity might annoy you, but happy people live by those words.

If you took the test above and picked the third answer both times, you probably blame your life on external things so that you don’t have to take responsibility for your plight. Happy people take responsibility for their success and consider failure a temporary fluke. To change your thinking, start assuming responsibility for your emotions.

If you chose the number two answers, you probably tell yourself, “I’m not happy but I don’t know why.” Start believing that if you take action, good things will happen. Tell yourself good things happen because you expect good things and bad things happen to make you stronger.

Maybe you’re thinking, “Forget it. I don’t believe any of this works. And I can’t do it anyway.” But that’s part of your problem, isn’t it?

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Checklist for career change

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My husband recently changed careers. Well, not really recently — actually two years ago. But for those of you who have never endured a career change, two years is nothing. It still feels like the beginning because salary-wise, you *are* at the beginning.

For the most part, his switch has been going well. He went from management positions in the entertainment industry to field research in a social justice think tank. Basically, he spends his days in prisons, trying to get the government to implement new programs.

He made the change exactly the way a career advisor would recommend — not surprising since he has to eat dinner with one every night. For those of you considering a change, here is the plan he followed:

Step 1. Soul search. Consider all aspect of change including, lifestyle, pay and any education you’ll need. Be realistic about what you value in life and work.

Step 2.Downsize. Get rid of huge car payments, huge mortgage payments, and huge expectations for dinners, vacations and clothes.

Step 3. Network. Headhunters and help wanted ads are geared toward people who have skills in a certain area. People who change jobs do not have skills in the new area, so networking is the best way to get someone to give you a chance.

Step 4. Try it out. You'll never know if you fit into the career environment until you try it. A baby step, like volunteering, or taking a part-time job will allow you to go back to your originally career if need be.

After step four, there is nothing but taking the leap. So my husband did. His mentor at his new job is ten years younger than he is. His boss makes 25% less than what my husband's paycheck used to be. The people below my husband in pecking order are college interns. And this is two years after he made the switch. Not that any of this is a surprise. Of course, this is what happens when you change careers.

By all measures, my husband is flourishing in his new career. He is at a top non-profit agency, he is writing significant papers, he is working with geniuses. But he is making no money. I keep telling myself that this is what we knew would happen. That we traded money for career happiness. I assure myself that my husband will make more money later, when his is not swimming in the ranks of college interns.

But there is so much pressure to be happy. Pressure from me, that is, on my husband. Every night I check in with him — look for signs that he is elated with his new career choice. And, big surprise, with a new career and a young child, most nights he is exhausted, not elated. Which makes me say, “Why are we making all these financial sacrifices if you're not happy?!!?!”

My husband doesn't answer. It's hard when he doesn't answer. But I know it's because he feels guilty because he really, really, really, doesn't want to go back to the entertainment industry. And I can't stop thinking, “If you're unhappy in both careers, why not be unhappy in the one that pays more?”

I know you're thinking, “Gosh, Penelope, can you be a little more supportive?” But don't say that until you've had a spouse throw away a lucrative career. And anyway, I'm trying; I see there is one more step on the career change checklist that we probably should have done:

Step 5: Set spousal expectations. I should have gone through the process with my husband. I should have evaluated with him what sacrifices I can make, what lifestyle expectations I had, even how happy I expected him to be. I was so determined to let him make his own decisions that I'm finding now that I'm the one who is floundering.

You think, at some point, that you know for sure a career change was good. But that's not true for everyone. Or, maybe it's true for everyone, but not in the first few years. Yes, you can be sure that the new job is more fun or more rewarding than the old job, but how much more fun do you need to be having in order to justify the financial sacrifice?

I'm not sure. So we keep going on the career change path, hoping to find the answer buried beneath the indignities.

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Don’t be a generalist — Typecast yourself

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During the Internet’s go-go days in the late 1990s, I thought the term generalist meant “she's doing two jobs and pays herself double.” Now it seems the word generalist means “good at nothing and unemployed.” In either case, generalist is the label for a career that will die.

Think cars: You never hear an advertiser say, “Buy my car, it's good for everything!” Volvos are safe. BMWs are fun. Saturns are easy to buy. Just as successfully branded products offer specific benefits, successfully branded careerists offer specific talents. You get to the top by being the best, and you can't be the best at everything.

Ezra Zuckerman, a professor at MIT’s Sloan School of Management, agrees — and has the research to prove it. In his study of typecasting in Hollywood entitled “Robust Identities or Nonentities,” Zuckerman found that specialization leads to longer, more productive careers. Contrary to conventional Hollywood wisdom, big bucks come most often to people who become known for a certain type of role. Zuckerman finds that typecasting, as this practice is called, is also a moneymaker in the business world, where the hiring system is set up to reward those who differentiate themselves. “Headhunters are specialized,” he says, “and they look for something they can package and sell.”

Generalist is a good moniker during the first few years of your career. For example, if you're a standout college grad, you may win a place in a general-management rotational training program, such as General Electric Co. and other well-known consumer products companies offer. But the point of such training programs is to figure out what you're good at and then seek an internal role in that department.

So take a gamble. Figure out what you're best at and start making your mark. Then hope for good timing — that someone needs that particular talent when you have become expert at it.

Carly Fiorina, for example, is an outstanding marketer in the technology sector. She got to be chair and chief executive officer of Hewlett-Packard by being the best — and having a little luck: the company badly needed marketing expertise when it was conducting a search for a CEO. If it had needed an engineering genius, Fiorina would not have been considered. By the same token, if a food-products company needed a marketing-oriented CEO, Fiorina would not have been a candidate because her background is in technology. People who define themselves clearly are clearly wrong for certain positions, but super-achievers take that risk.

Many professionals hesitate to define themselves because it limits where you can go. But top players must have clear definition. Most have enough confidence in their abilities to risk specialization. Very simply, they believe that adequate opportunities will be available as they progress up the ladder.

To specialize, think discipline (marketing, sales, operations, etc) and sector (media, technology, fashion, etc.) Become known for your extremes. If you aren’t extremely good at something, you won’t get to the top.

Still not convinced of the benefits of typecasting? Then consider the current job market. Hundreds of applicants vie for most jobs, and many are more than qualified. This means hiring managers can demand a perfect fit — and specialists rather than generalists typically offer a perfect fit.

Figure out what your strengths are and hone them. Sure, take varied positions in the company, and learn a range of skills, but make sure people know where your talents lie. People at the top need to see you as someone who is extremely good at something, and no one is extremely good at everything, so don’t sell yourself that way to upper management.

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A Valentine for my husband

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In honor of Valentine’s Day, this is a love letter to my husband. But apparently, he is too busy to read my column, so he won’t see the letter.

The last time I complained about his disinterest, he said, “Okay, fine, read me your columns.”

So I read a column out loud to him. And in the middle of it, he fall asleep.

To test him, I said, “So, what do you think?”

He jerked his head up, like a college kid in an 8 am class, and he said, “Uh. It got slow after the first couple of paragraphs.”

Fortunately, my affection for my husband isn't based on his listening skills. I love him for other reasons, including his fearlessness when it comes to changing careers. He isn't afraid to reinvent himself professionally so that he always does something he finds interesting. His excitement about his work makes our life together more fun.

My husband's first job was as a composer. When he was ten. For most kids this wouldn't be a job, but his parents couldn't afford a private school in Los Angeles, so my husband got a scholarship to a top-tier school for his musical talents.

In college, he decided that to be a great composer you need to have something very new to say, and he did not have something that new to say about music. So he quit music.

He went to film school and earned spending money by editing soft-core porn: “The Magic Blanket Bikini.” (He says it was very, very, soft because the star announced midway through filming that she wouldn't take her clothes off.) He made video art for his master's thesis, and his work became so well known that it is part of the curricula at UCLA's film school.

But he grew tired of the film industry after one too many Magic Blankets. So when he graduated, he took a job designing video games. He learned to say Ka-pow! and Ouch! in four languages, and he got to wheel and deal with big budgets from major gaming companies.

I married a game designer with a penchant for piano and a portfolio of films that featured ex-girlfriends being constrained. (“The director,” he explained, “always dates the actress.”)

On September 11, my husband found himself looking over me, dust-covered and shaken in a hospital bed. Suddenly, he wanted to save the world. He became an unpaid volunteer for nonprofits until one hired him. Now he helps prisoners establish safe, fulfilling lives when their sentence is up. His job would stretch my patience (admittedly, thin) to its limits.

My husband drives his parents nuts: “We drove to all those music lessons and then you go to film school! We paid for five years of film school and you make video games!” He drives my parents nuts, too: “What is his job? Video is not a job! Volunteering is not a job!” But my husband’s approach to work makes me excited; Members of my family picked a career and stuck with it forever, even when they stopped being fun.

Our careers are not who we are. But what we choose to do with our days reflects our values. I picked a partner who tolerate being bored or uninspired, and his standards for life encourage me to raise my own. His career choices also reveal a bigger heart than I saw when I married him — except when it comes to reading my columns.

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Improve your performance by lying to yourself

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Maybe it's time to set aside all those “know yourself” advice books, and try lying to yourself about who you are. You are a finance wiz. You are a sales guru. You are a genius writer.

Any successful careerist needs to be these things. But most of us are not really all of these things. The skills are too diverse even for the mind of an overachiever like you. But why not try telling yourself you are all these things and see what happens? After all, the first step to being great at something is to believe that you're great at it. Then you will attack the task at hand expecting yourself to succeed.

Sales
You can say you don't like selling. You can say you're above it. But you may never get the chance to know, because people who can't sell themselves can't get jobs. So, okay, you don't have to sell cars (though you should study the people who do — the best are incredible sales people and could sell anything to anyone.) But you do have to sell yourself to get a job, and you have to sell your ideas in order to keep your job interesting. (Singles, take note: Dating is, in fact, the most important sales game of your life.)

The hardest thing about sales is taking the time to understand what the person you're selling to cares about, and under which scenario that person is a good listener. People who say, “I'm bad at sales,” are people who, for the most part, refuse to take the time to understand people. How embarrassing. So even if you are bad at understanding people, don't announce it to the world by saying you can't sell. Call yourself a salesperson and practice all the time.

Finance
I first learned the importance of faking it when I had to present financials to my angel investors. I had to pretend that I did not score in the bottom 20% of the math section of the GRE. I had to say confidently, “Oh, I have everything explained in an Excel spreadsheet.” And then I had to hire someone to teach me to use Excel.

Today, I don't run numbers as fast as a real finance wiz, but I have confidence because I told my investors I knew what I was doing thereby forcing myself to learn. Thank goodness, because each of us needs to be a finance wiz.

You need to understand broad corporate financial goals in order to place your own projects in context. You need to understand how to manage a dynamic budget without tripping on the question, “How did you get to the number on line six?” Most CEOs did not move up the ladder via financial positions, but you never hear a CEO say he's bad at finance. In an ambitious career there is no room for financial weaknesses. So don't ever say you don't do numbers.

Writing
Here's a scenario: you write an e-mail that consists one, 25-line paragraph with no breaks. No one reads it. At best it looks unintelligible because it's too long a paragraph for email. At worst, it *is* unintelligible. But still, in this case you are a writer, you are just a terrible writer.

The list of scary scenarios is endless: If you send a disorganized report to your boss, she won't understand it; If you have typos in your resume you'll lose interviews. Everyone's career is dependent on their talent for communication. And in the age of email everyone's a writer.

So take responsibility for your own communications and function like you are a top-tier writer. This means outlining first so that you are organized, writing to the point, and proofreading. A few of you will need to take a grammar class. Some of you, who have made some of my past projects miserable, will need to take ten grammar classes.

So lie to yourself. Tell yourself you are great at sales, writing and finance, and you might not be great, but you will get a lot better. And even a small improvement in each of these skills will add up to a large improvement in your career trajectory.

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Advice for starting your own business

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Feeling stuck? Uninspired? As though your New Year's resolutions have no spark? Maybe it's time to start your own business. It’s likely you intuitively know if you're actually an entrepreneur stuffed in a corporate cubicle. The entrepreneurship bug isn’t something that hits in middle age. It’s something that's inside you from day one — a part of who you are. So don't be stifled by your age or lack of experience. Just make sure you have the right personality for success and the right attitude toward failure.

Get a good idea
Starting a business is very high-risk. Most entrepreneurs fail. So minimize your risk by honestly evaluating if your concept is valid and marketable. Remember, just because you like your idea doesn't mean there’s a market full of buyers for it, so do your research. Tip: your mom’s opinion doesn’t count because she’s biased, so find a small business mentor and ask her.

Assess your personality
You also need the right personality to run your own business. You must like people and people must like you — so you can get them to do what you want. You need to be able to make fast, confident decisions, and you need to be organized so that you can give clear direction to others. If your product launch flops, you are the one who has to tell everyone why the company is still on the road to success. If you can’t rally the troops, you need a business partner.

You also need boundless energy. When you own the company, you set the pace and the standards. Remember the day at the office last month when you were upset and tired from worrying about your personal life the night before, so you surfed the Internet all day? Relaxing, wasn’t it? You can’t do this when you own the company. Most small business owners work 80-hour weeks and wish they needed less sleep.

I have these traits. And I started a business. I raised funds and hired employees, and, surprise, the company was successful and I eventually cashed out. But I paid a high price. I worked almost every waking minute. When cash flow was poor, I worried not only about my own paycheck, but about the paychecks of my employees. When cash flow was good, deal flow was heavy and my workload doubled even though I was already maxed out. While I was negotiating the sale of my shares, my hair started falling out. I didn't know this happened to women, but apparently it does, usually from intense stress.
Fortunately, most small business owners are optimistic. And I am, too. I bought some Nioxin to make my hair grow back. And once I regained my former full mane, I started another business.

It failed. And I lost a lot of the money I made from the first business. There were many reasons for the failure: Bad timing, bad economy, and maybe, in hindsight, bad idea. If you think you have the personality to succeed as a small business owner, make sure you have the right approach to failure as well.

Minimize risk to your checkbook and your career
I invested only the money I could afford to lose. I had no kids and no mortgage. I lost my loot from my first company, but I didn't lose my shirt: I kept enough to live on for a while longer.” Think of starting a business as gambling: When you go to Vegas, never bet your plane fare home. Once my company closed, I enlisted a resume-writing service to help me frame my business flop as a career hop to the next level of management.

Fail quickly and move on
Most business leaders fail once or twice before hitting it big. Think of failure as a necessary career step and move through it quickly and assuredly — recognize when things are going poorly, fail fast, learn, and get another idea.

To those of you with the right personality, I say bring it on! You will be pleased that you turned tough economic times into an opportunity for fulfillment. And even if you fail, remember that statistics indicate you are most likely to succeed when you are doing something you love.

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