April 28th, 2007
First Generation Entrepreneurs Blog About the Lessons They have Learnt
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Mechanical Engineer turned Java Programmer turned Software Salesman turned Ship Chandler turned Stock Market Investor turned Transport Fleet Operator Chenthil shares the lessons he has learnt as a first generation entrepreneur -
Dream big, but make sure that there is some arrangement for running your day to day life. If your dad has left you a fortune, good for you. Another option is to have one spouse working full time while the other is chasing his/her dreams. All my risk taking is possible only because of the solid support of my wife, who takes more than her share of the family burden.
Techie turned restaurateur Madman offers similar advice to wannabe entrepreneurs -
It is good to dream, but not to day-dream. You need hope, but not delusion. That said, you should realise that to boldly go where no one has gone before (please pardon my Star Trek geek cliche) does indeed require a leap of faith and a hope for a market that may not even exist yet (certainly true in my case.) Just be sure that your decision is an informed one and based on solid research, not solely on an impulsive moment. We have to deal with the constraints of the world we live in, and one of those is earning a livelihood.
