I just finished my undergrad course and I have a really good resume with two international experiences. For the past year I have been working on a business idea that I strongly believe could be very profitable. However, big companies that work on the area I graduated from are hiring and I think I have a good chance with them. What should I do? Working for a big company first worth the risk of having my idea developed by someone else? Is it a good trade off -time spent working for a big company vs experience gained-?
Being both a Consultant to Startups and an Educator to young people like yourself, I commend you first on getting international experiences of any kind. And it's great you have a good business idea!
Here's the beauty of applying to those companies - you can always say no or not pursue the job. And if you're not hired, that's the end of that anyway! Better to have an offer first before you think of this as a 'choice'.
As for someone working on your idea - odds are someone already is even if not publicly known. Let's go with that assumption. Remember that being first to market isn't important anymore (remember Ask Jeeves? Google it.)
Short answer: apply for the job(s) and simultaneously try to put a team and execution plan. See which opportunity takes root. Talk with me more, as I love working with students and young grads!
Best of luck,
I think you need to follow your gut... No one has an answer for you.
Where do you want your life to be in 3 years?
Take your vision and reverse engineer the best way to get to your vision.
You are the author of your own book, chose how you want to live it.
I have over built a multi million dollar business and also have 10 years of experience working for large companies.
I have a different take on this. You should work for startups for 2 to 3 years. In the meanwhile, try to find problems for which people are ready to pay money to get solutions to.
See if you can build a business on the side around it. You might fail many times. But dont give up. Once you go through this drill, your chances of building a successful company will be high and also at the same time, you will figure out if sarting something on your own is something you really enjoy doing.
All the best
Having an idea is the first step in a long process of getting an idea to become a viable business.
I would try to work for a smaller company where you can be closer to the business side of things. See how a business is run. Learn. With larger companies the "fulfillment" side is usually isolated from the "business" side, so you may not get to see the granular business process.
And then use that experience to help build your business.
I worked as a consultant for a small company for 5 years and not only did I learn the business side, but also learned how to be a consultant, not just an IT guy. After the 5 years, I launched my first business...
Both, come with your own informational product, or other product and work for someone else to make money and get experience.
Spend as much time as it takes to come up with answering this question..Why would I buy your product or service? This will give you your USP. From there you will develop your drive, your, passion, and your marketing voice. From this you will develop unstoppable perseverance for success.
Best of Luck,
From the Trenches to the Towers Marketing
I will be glad to help as my time permits.
I started working with startups 20 years ago in grad school and have never looked back - starting up 4 different companies. I did work for a big company part way through my career for a year between startups and couldn't wait to get back into the startup world. You'll learn so much by going ahead with your passion and starting up a business. Although, you do need to be practical. If you have a family to support at this time, then that needs to be considered.
You can always bring on a partner with big company experience if you feel you need it on your team. The challenge I always see from those who desire to start up a company but end up in a big company is that it's harder to leave that big company the longer you're there.
In the end, follow your heart ... and good luck!
Big companies will give you a sense of security and structure. They are good on giving you 1 years worth of experience for the rest of your life. A startup will give you 5-10 years of experience every year. Your choice:)
When I graduated from university, there were very few job opportunities which meant I had to 'start somewhere' with what I had, in that case, I utilised my skills. I used my challenges as an opportunity to kickstart an online business, then created an award-winning blog until I got my front in the door for the field in which I studied - which was an unpaid internship opportunity that led to a permanent position.
What I am saying is, our journeys are entirely different - so be open-minded, don't overlook opportunities and turn your challenges into opportunities, they will be a great tool for growth both as an individual and professional.
If you believe in your idea, give it a shot and invest every time in working on it. But don't dismiss other opportunities. If you get the opportunity to work full-time give it a shot and work on your business idea. Juggle both until you can make headway.
All the best!
Its really good that you have a profitable idea for your business but as a recent grad myself also , I'd like to say that your business is not going away from you but just after graduating you should join a big company as their employee so that you can learn how things go in a big firm and what things you can change or want to change once you start your own.
SO take a job for a year or two at max just to get the hang of a business and then proceed to start your own. In this way you will be able to tackle problem in your path since you already seen such problems when you were and employee.
All the best! :)