Monday, December 06, 2004

Entrepreneurship, followup!

So, I did finish the entrepreneurship course after all. Must say that it was really interesting and exciting in a way. It was really "unorganized" in the sense that there was no rigid structure to the way it went (evolved would'nt be the right word, since Im not so sure there was a definite increase in the quality of the course, though it maintained a certain level of it all along). There was a lot of material to read, and a lot of "stories" told by the prof about his first hand experiences, which was nice, maintained a good interest amongs us. Textbook was by Robert Hisrich called, you guessed it, "Entrepreneurship".

It is interesting to see the various dimensions of an entreprenuer and Im sure that anyone with a sense of adventure, can find traits in her which are suitable to take up some venture or another. There IS some risk involved, especially if you dont have a precedent or some similar experience before you, but the entire idea of doing something on your own, starting with a new idea, developing around it, playing with it, trying to see how it can really create some business, analysing the market for opportunities, making up a product or service idea, hooking up the resources, arranging for financing, making the marketing plan, organization plan, financial projections, estimating business potential and future, thinking about risks, and actually planning and doing it on your own, its something everyone Must do atleast once in her life! The course has given me an idea of what it might mean to be an entrepreneur, and we heard a few successful ones share their experiences including the Indian starups like PharmArc, and StrandGenomics.

I do hope that one day, not too far away, I do gather the courage to strike out for a venture, maybe a temporary one, maybe a success or maybe a failure, but just to feel the excitement of it, lest I forget what it all meant later!

Will close on that note of hope! And expect to write some more stuff, more often!

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First, I applaud you in your excitement. My feeling is that the economy of the US has in fact already fundamentally shifted from that of employer who hires employees for an undetermined duration to that of SMB's and contractors or more correctly microbusinesses. I know I have the "free agent" mentality and make decisions on how to manage my families limited resources as if we were a micro.
You mention that you want to strike it on your own one day but I don't think you necessarily have to do this in order to see the value of your course. Wouldn't any corporation interested in new markets need energetic and capable people who know how to develop a product and channels? I don't know, it's just a thought...
I hope to follow in your footsteps one day and have added you to my aggregator. I dream of teaching young adults on how to think like a business even if they never choose to hang out a shingle.

 
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