To everybody out there building a business or starting a new venture, here’s my candid advice to you: step up your game because the hustle is real. The “no-job-out-there” story has forced most of us into entrepreneurs and because of the pressure to make ends meet financially without well-paying jobs to back up our expenses, a lot of us hurry into the entrepreneurship game unprepared, untrained and half-baked. That is why most times we find ourselves struggling.
Some even get frustrated and quit their businesses altogether and go back into their archives, dust their CVs and resume their job hunt. I did exactly that at some point in my entrepreneurship journey.
Before I finished NYSC in 2015 I had started my online fashion store on a small scale. I served in the big, commercial city of Aba, Abia State where a lot of these fashion items (clothes, shoes, fabrics, bags etc.) were manufactured so they come very cheap at production price and the profit margin looked high and attractive. All my savings into it, I even borrowed some money to add up to pay an initial deposit for the large orders I was going to make but guess what? I lost everything, capital plus profit and was back to square one.
By this time, NYSC was just wrapping up and the loss threw me off balance for a while. Discouraged, I had to look for a job. After a long search, I got a teaching job in a private secondary school that offered to pay me 25k. as low as the salary was, we were still being owed month after month.
I had to go pick up my entrepreneurship race all over again and this time around with a fresh wave of determination. I tried a couple of other businesses and a majority of them didn’t turn out well. After a couple of years of struggling and battling frustrations, I finally got a secret that changed everything about the way I approached business and of curse my results.
Here’s what I discovered:
We don’t rush into entrepreneurship unprepared, we grow into it.
How to grow into entrepreneurship?
Get a job and learn! I knew that attacks your entrepreneurship ego but hey! There are people and companies who are already doing perfectly, every day what you hope to do someday. It’s great wisdom for you to find them and tap from their wealth of knowledge, while also contributing your quota and perfecting your skills.
Whether you’re getting a full time, paid job, a volunteering position, internship or apprenticeship. Make sure you find yourself working in an organization you that does what you find yourself doing, sit down there and learn all the things you need to learn. You can now consider starting your business as the while you keep learning until you can stand on your own. That’s wisdom!
However, there is no hard and fast rule of starting a business. Some of us will work first and start our business later, while some of us won’t! Either way, the lesson is constant, we grow into entrepreneurship. Period.
Here are 5 things you’re bound to benefit from getting a job first and growing into entrepreneurship.
1. You learn how to build a team
What better way is there to learn team building than to first be a team player in a forward-thinking organization. Trust me, learning how to build a great team makes all the difference in your business. This is because great teams are what make great organizations and differentiate them from a multitude of others.
2. You learn the “behind-the-scenes” operational activities of your business.
My first business failed because I underestimated the expenses needed and didn’t put enough logistics in place to get the business running successfully. I was excited about starting the business, I didn’t have any experience on running that kind of business and I sure didn’t count the cost well.
3. You Acquire Funds
Pretty obvious, right? Starting a business requires funds, especially at the startup phase, ask any entrepreneur. Worst still, statistics have it that 90% of businesses that fail, fail because of unavailable or insufficient funds at startup. Getting a job will help you gain financial stability so that even when you start your business, you won’t be relying heavily on your business finances and you can even fund the business until it can stand on its two feet.
4. You grow your network.
People say it a lot and I’ve found it to be true over time that “your network is your net worth. True that. Your job gives you that platform to build solid relationships with colleagues, mentors and employers thereby preparing you for what is ahead and giving you an edge ahead of someone who is starting from the scratch. And when it comes to running a business, relationships are everything.
5. You gain experience.
Experience they say is the best teacher. This is not an experiment, this is real life. So you can’t afford to run business haphazardly and eventually pull down what you built with your whole strength. Stay in your job, learn everything you need to learn, hone your skills and growww! You’d turn out way better at the end.