Who Thrives In Business Ownership According To An IRR Investments CEO
Jessica, CEO at IRR Investments, highlights the importance of resilience ("getting up and dusting that dust off your shoulder") and adaptability ("knowing when to push that door and when to close it") in business ownership. Further, strong networking skills are crucial, emphasizing the reciprocal nature of helping others ("the more that you help others, you will get that back tenfold").
Resilience, Networking, Vision, Adaptability, Problem-Solving
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Jessica Thumati
CEO
IRR Investments
University of Arizona
N/A
Business & Related, Finance, Accounting
Consulting & Related Professional Services
Finance
None Applicable
Video Highlights
1. In business ownership, setbacks are inevitable; resilience, humility, and the ability to adapt are crucial.
2. Knowing when to persevere and when to pivot is a vital skill to master.
3. Networking is essential; helping others often leads to unexpected opportunities and reciprocal benefits for your career.
Transcript
Q8: Who thrives in industry?
How would you describe people who typically thrive in this industry? If we're talking about business ownership, I would say you're never going to knock it out of the park and do it perfectly. It's just not realistic.
I think staying humble, but getting up and dusting yourself off is key. You're constantly faced with setbacks and adversity. So if you have the ability to have thick skin and keep propelling forward, staying focused on your mission and vision, that's incredibly important.
It's also knowing when you need to recalibrate, pivot, and make a change. I truly believe that when things happen in life, you have to know when to push that door and when to say, "Okay, that door needs to be closed, and I need to move on." That's a lifelong skill.
For those who will thrive in business ownership, it's going to be people who just keep putting one foot in front of the other. That's probably the most generic answer.
Secondary to that is networking, because networking is really your net worth. You just never know who you're going to meet that is able to help you. But more importantly, who can you help? I really think the more that you help others, you will get that back tenfold.
Staying true to networking, meeting people, and never knowing how those bridges may connect or how paths will cross in the future is probably the second most important thing about business ownership.
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