The risk- reward equation is completely in favour of the entrepreneur. There is no way you will be economically rewarded lesser for being an entrepreneur than by taking up a job.
Recently, Educomp invested in an online tutoring company. This company, Three Bricks E-Services, was started by three very young IIMA entrepreneurs. In a short period of two years, each of these people, if you value their 24% stake in the company, would be worth at least Rs. 15-20 crores each. There is no way you can do that if you are doing a job. Impossible!
So if a 24 years old entrepreneur came to me, I would say choose anything that you want, that interests you, the internal passion you have.
You don’t need capital to start, you can start with zero capital. If you have capital, great. If you don’t, it doesn’t mean you can’t start.
Entrepreneurs are smart people, they manage the risk-reward equation very well. With an IIM Ahmedabad degree, the risk is not much. You can always go and start something. If it doesn’t work out, somebody will give you a job…
It’s all about being an eternal, insane optimist. I never had the dilemma: Am I doing the right thing? Should I just shut this down and go take up a job? Never!
Being an entrepreneur is the art and science of creating value.
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