Cactus Chords

Recently, I was surfing through a few write ups and stumbled upon the comment/question above? It was targeted towards entrepreneurs majorly. The reason why I decided to write about this is because;

1) I have my own blog
2) I, myself, am an entrepreneur
3) I have asked myself, this question a lot of times on facing certain challenges (will elaborate later in another post)
4) Its something, I feel, all should know about and comment on, if any

But the most important of all the reasons is because

5) It made me think
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My comments are strictly restricted to my personal experiences and from others, I have perceived.

Every event has majorities, minorities and exceptions. The very same way, this event also has a majority, a minority and an exception. The answer to the title question is YES. There is a direct co-relation between age and number of years of work experience. After a lot of thought, it occurred to me that, it is pretty simple.

On an average, a person decides to venture into entrepreneurship post 4-5 years of industry experience and a minority while in college or university. The success rate of those with industry experience, is around 80% as when compared to those right out of college. This is because as you work in the industry, you learn to wrap your head around the dos and donts of business. For instance, I have met a lot of youngsters who start a company and aspire to be successful. You know, media coverage, successful business plan, investors, fame yada yada. Of the whole lot of youngsters that have tried to be enterprising, 9 out of 10 start-ups, go to the dogs.

There are various reasons to the above, predominantly it is due to immaturity and lack of professional experience. When I say professional, I am referring to all the qualities one gains from an organization from, punctuality, character, capacity to filter projects, delegation, project de-risking, leadership and many more. Prove me wrong otherwise, which if you do, I would be more than glad for the knowledge and amend this post of mine. Please note that, I am not talking about the age, but referring to the years of work experience.

There are youngsters who have been into family business since they were young and by the time they pass out of high school, they have mastered and witnessed most of the scenarios in the business world.

It is imperative that, unless you are exceptional, you have at least a couple of years of professional experience before you set out to set-up a start-up. If you founded a start-up and failed, then either learn from your mistakes and work your way up again or get some professional experience and re-try. Either way it will help you.

I would be glad if this post helps you…

Cheers!!!

image reference : www.youngentrepreneur.com, www.sekpress.net, customersrock.files.wordpress.com