The Best time to be an Entrepreneur
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Transcript of The Best time to be an Entrepreneur
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The best time to be an
entrepreneur
- Sudhanshu Ahuja, CEO, IdeatoryPresentation to students of Entrepreneurship – 30 Sep 2014, HSS, NTU, Singapore
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Never!Let’s look at 6 reasons.
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You have a lot to lose
Starting a business is super risky. Most jobs you will apply for are all lucrative after 5 years.
If this doesn’t convince you, make sure you don’t start too late.
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You will completely exhaust savings
You will need savings to last you for at least 6 months to a year. You will end up spending up to the last cent.
You will go in to debt.
If this doesn’t convince you,save some before you start.
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You will never know what to do
You will struggle to define what is right and wrong and what to execute.
If this doesn’t convince you,at least spend some years on a job to learn to be professional.
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A job is probably right for you
Jobs are great. Many of them make you happy and fulfilled. Entrepreneurship is probably not for you.
If this doesn’t convince you,give at least one job a fair chance.
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You are constantly mortified
You never have money. You are always splitting the dinner bill with your date. People think you probably didn’t get a job.
If this doesn’t convince you,at least get a respectable employer on your CV first.
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You will probably need to go back to school
It’s hard to make your start-up work. Most of them don’t work out. Finding a job after a failed start-up is difficult.
If this doesn’t convince you, start early enough so you can go back to schoolwithout being too old.
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If ALL OF THAT didn’t convince you to NOT be an entrepreneur, get ready for fame and fortune!
Elon Musk
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Best time to be an entrepreneur is after 2 – 3 years of working.
• You have less to lose – low salary• You have some savings• You become more
professional and efficient• You will know for sure whether a job is
the right thing for you
• You are respected more
• If you need to go back to school, you won’t get left too far behind in your career
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Be successful, be remarkable, be
happy!
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Unlike this ;)