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themselves. However, can job be of any use to them? In this post, I am going to explain, how a job can be useful for the future (wannabe) entrepreneurs.
First Hand Work Experience
First of all, a job can be an excellent way of getting first hand work experience in the field you are planning to commence a business. Starting a business without understanding the real world challenges in the field of business is equivalent to gambling rather than business risk-taking. Risk is different in case of starting business compared with gambling. The outcome is totally uncertain for gamblers, however for the businessmen, risk is calculated and prepared for in advance. The question is not of a total gain or loss as in gambling, and hence business is generally less risky. Moreover, the risk can be minimized highly with knowledge and experience. Therefore, a work experience is crucial.
An Ideal way to Learn Business Tactics
Second, work is an ideal place to learn business tactics. For those people, who are really eager to know something, this world is a open book. In case of business, workplace is a specific book, that exposes the entrepreneur with real world scenario prior to starting their business. It provides knowledge about rivals, customers' preference, actual and potential market for the particular product or industry, and the like.
Moreover, we can learn the customers' expectations and actual experiences and thus deduce what customers want and what they are actually getting at present, i.e., customer gap. Similarly, we also get to know, what businesses are promising and what they are delivering, i.e., producers' gap. We get to learn about both the supply and demand side while doing our job.
Job as Propeller
A propeller's job is to push the rocket upward with great velocity so as to give the initial upward thrust. Job also performs the same functions for the wannabe entrepreneurs. Job often causes stresses and dissatisfaction which reminds the entrepreneurs that they have no other choice other than entrepreneurship and that they need to act it out faster. The job also provides the necessary endurance to bear what it takes to commence entrepreneurship, which is never an easy journey.
Although, job is not compulsory requirement to become an entrepreneur, it do have some benefits which can increase the chances of success for the new and aspiring entrepreneurs. Ultimately, there's no fixed rule especially on subjective matters like entrepreneurship and success and therefore, it is important for entrepreneurs to keep their mind open to everything. If entrepreneurship requires you to get work experience from a job, I suggest you not to step backward.