This is a debate i have had with most venture capitalist that and generally outcome has been VC’s resoluting that entreprenuers should wait for the right idea before they take the plunge…..i still beg to differ…
Recently was having a conversation with recent proffesional turned entreprenuer and his words are still stuck in my head. “Their are 2 ways to do business one you have a great idea and a dream you follow and try to build the other way is you take the plunge now going with the flow…trying to make money from whatever opportunity which comes your way till the time you are able to find again that great idea and dream you would like to go with 300%.”
Well most of the people may like to conclude that VC’s were rite in first place you need to have great idea…but what part of the statement i didnt agree was taking the plunge once you come accross one.
After talking t him yesterday i was going through my “ARCHIVED collection of Business cards”, it started to hit me that 80% of entreprenuers from the technology industry dont do what they started out with. After couple of phone calls another realization came forward 60% are more sucessful in their new choosen line. The 60% of them are those entreprenuers which have re-invented their business to always stay ahead of the curve. Some of them went from hardware business to selling Internet connections to IT infrastructure management. Some went from running cyber cafe to running an IT training institute to being successful as Search Optimization Firm. Industry has evolved people have evolved this is a sign of encouragement for entreprenuers. They are not the infosys or TCS of the industry but people who are proud to be in proffesion of running enterprises and taking call to challenges in dynamically changing enviornment.
For them wealth creation is not the only objective for being in business but its about sense of ownership and pride in achieving milestones their own way. In india its often said “those people are successful who dont work for money but make money work for them” same goes for business just jump in the bandwagon with an opportunity use your entreprenuer skills to make it happen take it to the next level where you can jump boats to other new opportunity. Again remember VC wont think its a bad thing for you to have on your resume : stint of 2 wins and 3 loses. As they invest in people not businesses and from every loss you learn to do 2 things better than with 1 win.
So dont wait for the right idea but jump on board with the right opportunity..the right IDEA will follow its way to you!!!