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Dr. Hallowell's Blog

Do You Know an “At-Risk Entrepreneur?”

by Rebecca Shafir, M.A.CCC Personal Development and Executive Functioning coach at the Hallowell Center MetroWest 

It is midterm. This is the time of year, between December and February, when many college students drop out. Depending on your sources, the annual dropout rate ranges from 10-35%. Many of these students are very bright and aspire to entrepreneurship, but they don’t fit into the square boxes of academia. I call them my “at-risk entrepreneurs.” Despite their high IQs and creative gifts, they do not succeed in college because they exhibit one or more of the following:

  • Task Procrastination
  • Lack of control over social media and electronics
  • Disorganization
  • Poor time management
  • Irregular sleep patterns*
  • Untreated ADHD*

During a probationary period they can learn core skills and routines via coaching, or if necessary, get medical consultation.*  They can return to school better equipped. College is more tolerable; they can graduate and eventually start their own ventures.

If these At-Risk Entrepreneurs do not take charge of these weaknesses as young adults , they become the 50% or more of founders or wantrepreneurs aged 30-60 who drop out of entrepreneurship. Many of them either denied or tried to push past the need to develop better habits, core skills and routines. Anxiety, depression and deep financial woes ensue. But, they too can “go on probation,” and get the coaching or medical help needed to re-engage with their passion more psychologically and cognitively equipped.

Do you know an At-Risk Entrepreneur? If they are a dropout, tell them they can drop back in! Read about my CollegeCore for students and my CoreFour coaching for entrepreneurs. Write me at Rebecca@mindfulcommunication.com.   

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