While Corporate job is a mix of work, money, rewards, challenges, frustration, fun, layoffs, learning and more.
Entrepreneurship on the other hand is pure challenge.
Working in a corporate, feeling like a small fish in a big pond, dreaming to do BIG in life, entrepreneurship is one thought that comes to bright minds. But hold your thoughts for a moment, entrepreneurship is not the game for everyone. Very few start-ups actually make big success.
The idea of entrepreneurship is not about making it success or making money, biggest motivation is to innovate and try to excel in whatever way.
Leaving a corporate job can be the biggest or sweetest mistake in life.
The decision itself is the boldest and most-fulfilling decision, if choice is correct eventually.
7 tips to make the decision:
- First of all, pat your back if you are getting a chance, only a novel few reach this stage. Don’t get excited yet, first lesson entrepreneurship teaches is of keeping your cool.
- Second, evaluate the idea. Openly discuss with senior guys with whom you have mutual understanding and trust. If needed, sign an NDA upfront.
- Third, be prepared to negotiate with yourself, your family and your seniors at job. It is your life and your career, listen to everybody, do yours. Respect and stick to your decision.
- Fourth, look into yourself if you have the skills required for the new role. Do you have the leadership qualities, technical acumen?
- Fifth, evaluate your mental strength. Entrepreneurship is all about anxiety. You will have more bad days than good days.
- Sixth, understand your financial risk appetite, you may not make any money for initial one-two years
- Seventh, if starting along with co-founders, meet and understand the core team well. How well do you complement and supplement the core team.
7 things you are going to miss the most:
- Corporate luxury, everything happens on a call
- Night sleep (anxiety will overpower you at times)
- Salary hikes
- Last but not the least, power to say NO (there are only YES in entrepreneurship)
7 things you relish:
- Living on the edge
- Freedom from rut race
- Explore an unknown world
- Eternal satisfaction
- Realization of paramount hidden potential
- Street smartness
- Money (if you are lucky)