Posts Tagged 'YourStory.in'

Do entrepreneurs need previous experience? – YourStory Blog

Here is the article Suhani published at YourStory Blog, it has my interview also in it along with a couple of other entrepreneurs. You can find the unabridged version of the article that I wrote – here

Thanks for sending over the link, Suhani!

Does an Entrepreneur need prior work experience?

I was asked this question by Suhani who is with YourStory.in. While, she will publish an excerpt of my interview with her I could not stop my thought process from rumbling on and most of that does end up in this space…so here goes (my take, the unabridged version…). Hope it triggers a good discussion and thought process on this.

The truth is, if you are asking yourself this question, you probably do need the experience. On the other hand, the young somethings that go startup on their own don’t ask themselves this question, they are the “doers” who go get things done. Occassionally, they might reflect on the sub-optimal use of their time/efforts due to lack of “proper” training/experience, but largely, that wouldn’t deter them from pursuing their entrepreneurial dream.

Now, defering your dreams to go get some corporate experience under your belt is not bad, if you are not using that as a bait to go down the least effort path. Instead keep your eye on the end goal and keep working towards it, relentlessly. What do I mean by relentlessly? Be on the lookout for potential partners and employees who can help you achieve those entrepreneurial (Gosh! I think they made this word hard on purpose) dream, try and get relevant experience in terms of implementation, marketing, sales, technical exposure, management – anything related to your idea(s) that will help you understand the market better (enough to uncover pain points, at least!) or understand the execution aspects better or make you better at hiring people, give you better networks to rely upon once you are on your own etc. etc…

Can you be really taught entrepreneurship? Short answer is – Yes, if you were to go out and build something on your own, you might end up hours trying to figure something out that with a good training might be a cakewalk. However, Do you need prior experience before taking the plunge? Hell, No! Look at what the young entrepreneurs of the world ranging from Gates, Jobs, Yang/Filo, Bezos, Dell, Brin/Page, Zuckerberg etc. etc. have achieved. While, it might teach you how worthwhile your cause is and how underutilized you are in your job at spur you towards taking the plunge, for others it might build a comfort zone or a cushion beyond which their dreams might cease to exist.  In fact, they might even get loaded with the “large corporate” baggage so much so that they when it comes to it, they can’t operate in a startup anymore!

So, the question remains – is MBA an answer, then? Can one learn to become an entrepreneur at an MBA school. My take on that is – No. As much as a manager needs to grasp a lot of theory to get on top of the world’s learnings on management, each company, each entrepreneur is different, how they learn and what they want to learn is different. No standard school curriculum can teach you that. At best, it can help you with resources, mentorship and networks (which is great, by the way and still rare to get all the three together in one place at the same time). So, what do you do? The only way you can learn entrepreneurship is by doing it and if you can attempt it on your own through your own networks and building your own safety net, great! Else, incubators are the place to be for you…

All the best and hope it helped answer the questions of at least some of you and do ping with your share of stories…looking forward to hearing from all of you!


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