MindFrenzy

Motivation and Tools for Entrepreneurs

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Entrepreneurs…Don’t Get a Job Right Out of College

January 7th, 2009 · Comments · Advice, Entrepreneur

A big question I get asked a lot – I want to start my own business or I have started my own business but should I get a job after college because I know it will take awhile to get my stuff off the ground?

Now I have experienced this exact situation so far and I have a couple ideas on what I think is a good strategy.

I have been out of school for 7months and have been working on my business but don’t have any other job yet.  I am lucky enough to have parents that let me live at home thus no rent and free food so I don’t have many expenses.

My advice is take that summer after graduation off. Spend the summer letting loose and creating. I spent basically my entire summer on a porch outside drinking beer with a friend (MattWilson.TV) until 2am. This was probably the most creative and constructive summer of my life. Almost everything I am doing right now is a product of ideas and thoughts that originated on those summer nights. So I would recommend NOT getting a job for those summer months and instead relax and layout your business ideas.  Or if you already have a business use those months to really push it over the top so you can get a better idea of where it might take you and what it will take to do that.

However as winter nears I would recommend picking up some work, personally I’m looking for part-time work. Right around November my personal funds began to dry up and I have since found myself struggling to get a few beers on a Friday night let alone go on a vacation somewhere South for a week. This has really begun to wear on me as I find it harder to get motivated to do things because the 20 degree days, dark at 5pm, cloudy skies, and sitting in front of my computer all day just begin to wear on anyone. I wish I lined up some kind of work starting maybe in November just to fund weekends and maybe even save for a trip to warmer weather. Also I think a job part or full time would help with being more social and just getting out of the house during these months.

I must say I’m not looking for a career in whatever job I end up with. But just something to help provide me with the stuff (money) that I need to do things I love (going out, trips).

So after that summer look into some kind of work. Even if you have a solid business idea the reality is it will likely take awhile to get off the ground let alone make you some money (many businesses take 2-3years to really get going). So just make sure you have the means to get out of the house and do some fun things over the long winter months.

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  • thats a fair advice and one of the biggest problems of the entrepeneurs
  • Phillip Eby
    All good insights... I have been out on my own since I was 18 (great advice Di) I graduated college two months ago, chilled out, went out, traveled, and I live close to my family. I have had a full-time job for four years, but I feel smarter than what I do there. I have researched job after job, lifestyle after lifestyle, location location location, and the only thing I really want to do is start my own business. But I have recently purchased a car, and with living and entertainment expenses I barely break even. So it seems like getting married, buying house, or starting my business is put on hold unless I find a more money NOW! So, don't wait around!
  • This is a good idea. I really like that. But i think also find the JOB while in collage. So you don't have to waste yout time to find the for after that.
  • Jared
    @Di I agree that you should start looking for a job while in school. But to many people graduate May 20th and have to be at work June 1st. Try to organize it so maybe you start Aug or Sept 1st if you want that job to fall back on. Again not always possible but if you can!
  • I've been out of college a little over 2 years now and wished I would have jumped on business. I lived 700 miles from my parents at that time and already started working while in college in a serious career... which I really do not enjoy. Good advice J. Now I have to balance a full time gig, wife, and brainstorming/launching a biz.
  • Sitting out on the front porch really was constructive--btw, sometimes 2am turned into 4am depending on how the ideas/beers were flowing.

    How's the sock modeling gig looking?
  • As a recent MBA (2003) from a top school, I have to disagree with one part - begin looking for a job now, even while you are sitting on the porch farting around with your friends and drinking beer, finding your muse and such. It is not a quick process (as the author DID point out) and the market is much worse today than it was 5 years ago. You also should not rely on your parents to fund your lifestyle (living at home after 18) either. Not really fair to them, tho I am sure they love your company when you choose to share it with them (seriously, not sarcastically), but it is a mixed blessing for them. If you do have a job and can stay at home, and still work on your ideas for the 12 hours or so when you're not working for someone else, then you can save a lot of money that you can use to invest in your business or in buying a home one day (or a car or furniture or for your own apartment even).
    You will not just walk into a job when you send your resume somewhere, and they will want to know what you did with those 3 summer months. My experience, my opinion. Ask around from all kinds of folks, especially those in your chosen field (professors of entrepreneurship, entrepreneurs themselves (associated with your school), other professors, your parents, anyone you admire and would like to be like - then in the end, follow your gut feeling.) Good luck!
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