Back in 2021, I went to put in my notice at my full-time job and came out with "entrepreneurial leave". While you may not have heard of this benefit, if you're seeking creative ways to retain top talent, this is the underrated benefit you've been searching for. It gives ambitious employees the chance to explore new ideas without severing ties with your company, and builds lasting loyalty in the process. Here’s how it worked, why it mattered, and what other employers can learn from it. Read this on the web | Subscribe Why I Was Ready to Quit (Even Though I Loved My Job)From 2018-2021, I successfully juggled my full-time leadership role at a tech company with growing Remote Work Prep, my business dedicated to helping remote teams work better. Balancing both wasn’t easy, but I chose this path intentionally:
But as my business grew, so did the demands on my time. I was preparing to launch a live course on mastering remote leadership, and I realized I simply couldn’t do it all. I wasn’t burned out. I was out of bandwidth. And I knew that if I kept trying to do both, something (or someone) would eventually suffer. That’s when I made the tough decision to put in my notice. The Unexpected Offer: Entrepreneurial LeaveWhen I sat down with my CEO to resign, I expected a straightforward conversation. Instead, he surprised me with an alternative: “You’ve been a valuable leader here. Instead of leaving permanently, why don’t you take two months of entrepreneurial leave? Your position will be here if you want to come back in September.” I was stunned. I had never heard of entrepreneurial leave before, but it was the perfect solution: ✅ More time – I could fully focus on my business without feeling torn between two demanding roles In that moment, I realized how rare this kind of flexibility and support was, and how much of a difference it makes in employee loyalty. The Power of Flexible LeadershipMy CEO didn’t have to offer me this. He could have just accepted my resignation and moved on. But great leaders think long-term. By creating an environment where employees feel valued, supported, and trusted, he built a team with high retention and strong loyalty. I’d seen him do this time and time again, and it’s a lesson I’ve tried to carry into my own leadership style. When September rolled around, I switched from an employer to client relationship with that company until they sold. As for the CEO, we still talk regularly, and I’ve had the opportunity to support him in return over the years. Even four years later, I would still drop everything to help this leader if they ever needed it. Leaders who want to retain top talent recognize that supporting growth isn’t optional. It’s a competitive advantage. How Companies Can Benefit from Entrepreneurial LeaveMost employers couldn't fathom offering entrepreneurial leave, but forward-thinking companies should consider it. Offering this kind of flexibility benefits organizations by:
Companies that embrace entrepreneurial leave don’t just support their employees, they future-proof their workforce. By giving employees space to grow, companies gain a more skilled, loyal, and motivated workforce that’s better equipped to solve future challenges. Entrepreneurial leave is more than a benefit. It’s a vote of confidence in your people. When you show you believe in their growth, they’ll show up for your company in ways that matter most. If you’ve ever taken (or offered) entrepreneurial leave, I’d love to hear your story. Hit reply and share your experience. Quote of the WeekHe who wishes to secure the good of others, has already secured his own. - Confucius In Other News
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Hey there, Just three things this week: 1. Amazon Prime Sale Looking to upgrade your WFH setup during the Prime Day sale? Check out my WFH Amazon Favorites and WFH Gift Guide. Years later, I still use and love everything on those lists. 2. Cooking with AI (Live!) - Happening Today Join me today for our monthly Cooking with AI (Live!) demo event. If you’ve been meaning to catch up on the latest AI features, this is the easiest way. I’ll walk you through 4 quick, no-code recipes: ✅ Make a...
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