The Big Leap
Not the youth to dream again, an entrepreneur? You have an idea, a problem to be solved and who believe they can make money? It was perhaps unthinkable in the golden age of the machine rotation steam engines and machinery, but also in the economy of the Internet and mobile phones federleichte, it is not only true, but a pretty Pre-College career option. Make sure that Google, founded by a patriarch of 60 years in business!
Both Larry and Sergey was 25 when she started, which would become synonymous with Web search, but the age of entry to start businesses. Increasingly strong ideas from the professors, who are often from abroad, but also from time to time from India. Intrépidité, had talks thinking and self-confidence - all the ingredients of youth - more and more active. Teenage shoots offer a unique, if you are successful, you can notice.
If you should fail, you are wiser by experience, that higher education is not granted. Never was time for the country, in a style to this association, Youth and entrepreneurship.
But the successes are often restless, and failures, more numerous, are ignored. The track the success of an enterprise is difficult and unpredictable, even for veterans, and can be very daunting for a young person. There are so many things that we must from the outset and when to take Venture, a professional step forward. Here are a few tips that may prove, light, but the road is all of you.
Further studies or business?
So, your parents have said at the end of college and do what you want later. The good news is that the Internet has a lot of business functions, in a start-up engraving business in your spare time. If the brothers Aggarwal, and Abhinav Raghav, exampapersonline.com launched in college, and the other at school.
Season hits on its website, has hit 10000 in the month, but the operation is not affected their education. They plan their studies and to better qualify for companies, but they also have plans for the extension of the site and new services. With a little more time, it is possible to mount the horses.
However, a large training is not a condition for the success of autonomy. An MBA, for example, is gewähnt children from seeking a career in the economy, but business experts say you can not take the art of entrepreneurship of the degrees. “He holds an MBA, of themselves, give very little skills that are really valuable in a start-up situation,” said Alok Mittal, with a risk of speculators Canaan Partners.
“The precarious and the non-linearity of start-up companies is something that most MBA courses feared. What it offers is a loan from a theoretical standpoint on the way companies operate, but It is not too difficult to choose, as in every case. “Do you want to hear what Professor IIM company has to say, if the question of whether it is preferable to have an MBA, before creating a new store? “Of course not. MBA Students represents less risk,” says Anil K Gupta of the Indian Institute of Management, Ahmedabad.
Everyone says it will not work
The biggest obstacle that young entrepreneurs, this report is that the former do not take seriously, at least initially. Do we want, adults grow, that the attitude of the news on the differences of more than blows, but by then you will have to learn to live with the comments of rejection. Likewise, friends may be skeptical. “People tend to have this natural tendency to want to put an idea how it is. We have seen some of our colleagues, this, and sometimes, they even throw the train,” says Abhinav 17 years. But then: “If you are convinced, that’s all that matters.”
Canaan’s Mittal compares to entrepreneurship a new world exploration. “I would be an analogy with an explorer, has a vision that is rarely shared by others.” The passenger must have the courage to unexpected obstacles and find their way in an unknown country.
A deep knowledge of what you are doing, a professional attitude and focus on finding solutions to the problems of your customers, you will receive in due course to recognition.
Do I need work experience?
There are those who think that it would be helpful if some professional experience, and others, who feel that such experiences can really frightened man. But barely a work of the expert recommends an essential qualification for entrepreneurship. “It is a myth that experience is a must for the success of a company,” says R Satyanarayan, founder of the career start, the training of 55000 Business School applicants this year.
TechEnclave, an online discussion forum for computer hardware problems, appreciates the auspices of 20000 users today. Its founder, and Sumit Datta Ajay Chaudhary, were young want Engineering College and informal agitation some experience in the work of his friends’ websites. ” Professional experience is not necessary. If you only have a good idea, that’s all, “says Datta.
It is important to recognize the importance of operational activity, finance, sales and trading capabilities and these can be picked up at the workplace for someone else. It is a personal decision of whether it should work, before setting up a business or simply dare. “When you have an entrepreneurial spirit, he / she will also be opportunities,” says Manish Vij, co-founder of Quasa Media.
Do I need a partner or a mentor?
A partner who brings complementary skills, experience or money may be valid, but of the utmost importance, “the harmonization of objectives and the high level of confidence in the other,” says Mittal. One startup guide would have its own value. It would be easier to negotiate on the development and vision business. But if you are a partner, choose someone you know and respect Abhijeet Virmani said, the founder of Positron Advisory Services.
The same goes for a mentor. Young people benefit tremendously from mentors, which reduces the learning curve and help in decision-making in the decisive turning points. However, with a mentor is not an alternative for the hard work required to pass an enterprise. “A mentor is not necessary to solve a problem, as far as the company to resolve a dilemma in the head,” says Satyanarayan. The user guide, you can decide if and when you need for money for rent or to human cooperation. They should not be up to date for the mentor-day problems.
If something goes wrong?
Two hours of sleep, we must give the head, “says Satyanarayan. All businesses, large and small, hit weaknesses. The ability to stay calm and logical decisions of such a phase is crucial. “I remember that this is a hole, I need to climb and I sleep. Familiarize yourself never a decision at the beginning or the end of the game, most “.
The first problem can actually learn valuable lessons from an entrepreneur in the economy. Exam paper online, headed by the brothers Aggarwal, has seen a decline in the number of students during visits on its website immediately after the annual audits. They say they were forced to give in this way of thinking that the figures for access to the entire year. They always have new ideas for the website for periods more tests. They plan now offers startup stage, the campus of the employment relationship and forums.
My idea requires a set amount of money
An idea can be costly still too great if they return, said Mittal. “As entrepreneurs, for the first time, to understand how they capital of phase a key role in the process. Step by step, like you an opportunity to better the risks and the economy, more capital and fund expansion.