“I have great respect for anyone who is willing to go straight from school to launching his own business.” Richard Branson said in a blog post. He also added that “budding entrepreneurs often have to get a steady job in order to support themselves before they have the resources to go off and start their own business. And there are many advantages in working a job you like, while still planning to leave one day and run your own company,” You’re likely to agree with the British Billionaire, founder of the Virgin Group. Here is how full-time jobs prepare you to become successful at building your own business.
Full-time jobs provide you with steady stream of income at the end of each month, or week. This is an opportunity for people who have plans of starting their own business to begin saving towards it. Not every business can be started with zero capital. Some require quite a sizeable minimum capital to take off from mere plans on paper (or on your laptop) to a real business. Save enough money towards building your own, whilst you’re still actively employed.
In carrying out our duties at work, we come into contact with many people we did not know before our first day at work; colleagues, customers, suppliers, partners and even competitors. All these people we come into contact with become part of our network, if we make conscious efforts to add them. A professional network is a valuable asset you can use even when you change jobs or quit to start your own. You know who to call when you need help and when you want to get to someone. They also help you to sell your product/service and give free advice.
Leadership and Management
Whether you meet the CEO everyday or once a year or have never met him before, you still get to see how they run the business, if you pay attention. Whilst in employment, you start from the bottom, taking orders from both your immediate boss and your bosses’ boss. You learn how business leaders/managers manage business; how they play in the market, encourage innovation, manage risk, strategize, manage staff, procure and deploy assets, institute and manage change, among many other things. These skills you acquire are the same skills you need to build your own business, and often you pay nothing to learn them –unlike formal classroom education.
Many entrepreneurs work for other people before they launch their own business. That’s normal, but make sure you choose the right employer in an industry that interests you and where the work culture offers freedom and responsibility, Richard Branson’s post mentioned. These would prepare you for the long path of entrepreneurship.