Entrepreneurship is a journey to the land of the unknown. It needs all your time and attention to nurture and evolve, need you to leave your that 9 - 5 day job to focus more on it. The outcome - uncertain. When you have just started with the job, it’s not so easy to let go of it. Knowingly or unknowing you have that expectation that your bank account will be refilled with a certain amount of money at the end of every month. You see your entire career path as you’re young and just got into the job; you see a promising career and more importantly highly paying secure prospects. So, when the feeling of leaving all that to start something that’s uncertain and unpredictable comes in, people often don’t do that at the earlier stage of their career.
However as time fly by and you hit that stage of your career when there’s no further growth, you’re doing the same thing day in day out. You start to have that feeling of doing something that you were really passionate about (Hyytinen & Maliranta, 2008). You now with having some secure finances, a secondary source of family income from other members and the new generation of your family starting to earn, you get that sense that there’s nothing to lose by going into entrepreneurship journey. I’ve seen this first hand with one of my supervisor who always had that fire in the belly to start something of his own. He actually tried while doing the job which didn’t give much fruit as he was never able to dedicate much time to it. Some year back, he left his 9 - 5 job to start his own business, he left the job which was paying him a package of 40 lakhs annually after having worked for over 18 yrs. in the company. That would certainly have been a hard decision regardless but a much easier one to make during the later stage of the career than it was at the start of it.
For someone working in an organizational setting, you can learn about how things work, what are the requisites for a successful project and much more. You see a lot of other people living by the dreams that you had. You see their role model, their friends succeed and progress in their life living the dreams you have (Zozimo, Jack & Hamilton, 2017). Whenever you’ve your own business, you’re often put into hard situations, you need to make an instant decision which might be hard ones but with some experience in the organization you worked for, you can develop this skills. You will certainly also be able to deal with a certain level of unknown. During this phase, you will have to tinker with the business idea, the viability and even when everything works, you can’t be certain that it’ll sell out like you thought of. One starting off, later on, would obviously have observed several other people following that path and their different decision makings to make an informed decision for oneself. One would also have realized that the struggle involved to start it and thus chances are high that he/she won’t be frustrated too much during the journey.
References
Hyytinen, A., & Maliranta, M. (2008). When Do Employees Leave Their Job for Entrepreneurship?. Scandinavian Journal Of Economics , 110 (1), 1-21.
Zozimo, R., Jack, S., & Hamilton, E. (2017). Entrepreneurial learning from observing role models. Entrepreneurship & Regional Development , 29 (9), 889-890.
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Entrepreneurship is a journey to the land of the unknown. It needs all your time and attention to nurture and evolve, need you to leave your that 9 - 5 day job to focus more on it. The outcome - uncertain. When you have just started with the job, it’s not so easy to let go of it. Knowingly or unknowing you have that expectation that your bank account will be refilled with a certain amount of money at the end of every month. You see your entire career path as you’re young and just got into the job; you see a promising career and more importantly highly paying secure prospects. So, when the feeling of leaving all that to start something that’s uncertain and unpredictable comes in, people often don’t do that at the earlier stage of their career.
However as time fly by and you hit that stage of your career when there’s no further growth, you’re doing the same thing day in day out. You start to have that feeling of doing something that you were really passionate about (Hyytinen & Maliranta, 2008). You now with having some secure finances, a secondary source of family income from other members and the new generation of your family starting to earn, you get that sense that there’s nothing to lose by going into entrepreneurship journey. I’ve seen this first hand with one of my supervisor who always had that fire in the belly to start something of his own. He actually tried while doing the job which didn’t give much fruit as he was never able to dedicate much time to it. Some year back, he left his 9 - 5 job to start his own business, he left the job which was paying him a package of 40 lakhs annually after having worked for over 18 yrs. in the company. That would certainly have been a hard decision regardless but a much easier one to make during the later stage of the career than it was at the start of it.
For someone working in an organizational setting, you can learn about how things work, what are the requisites for a successful project and much more. You see a lot of other people living by the dreams that you had. You see their role model, their friends succeed and progress in their life living the dreams you have (Zozimo, Jack & Hamilton, 2017). Whenever you’ve your own business, you’re often put into hard situations, you need to make an instant decision which might be hard ones but with some experience in the organization you worked for, you can develop this skills. You will certainly also be able to deal with a certain level of unknown. During this phase, you will have to tinker with the business idea, the viability and even when everything works, you can’t be certain that it’ll sell out like you thought of. One starting off, later on, would obviously have observed several other people following that path and their different decision makings to make an informed decision for oneself. One would also have realized that the struggle involved to start it and thus chances are high that he/she won’t be frustrated too much during the journey.
References
Hyytinen, A., & Maliranta, M. (2008). When Do Employees Leave Their Job for Entrepreneurship?. Scandinavian Journal Of Economics , 110 (1), 1-21.
Zozimo, R., Jack, S., & Hamilton, E. (2017). Entrepreneurial learning from observing role models. Entrepreneurship & Regional Development , 29 (9), 889-890.