Should You Start a Company or Work in One?

Summary

• I recommend starting your career by working in a company rather than jumping directly into a startup. It allows you to gain valuable experience and learn from the mistakes while on someone else's dollar, not yours.

• Working in a company first means you don't have to face enormous stakes right away, as the owners bear the biggest risks and consequences of any mistakes.

• Take the opportunity to learn from others in the company, as it can prepare you well when you're ready to start your own business.

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How To Take Action

I would suggest starting your career by working in a company before diving into a startup. Being part of a team means you can learn a lot without taking huge personal risks. Observe how the decision-makers work, and see the real-world consequences of their actions. This way, you gain valuable experience on someone else's dime, not your own.

A good way to make the most of your time in a company is to find a mentor. Look for someone whose career path you admire and learn from their successes and challenges. Ask questions, and don't be afraid to make mistakes because mistakes are great teachers when the stakes aren't sky-high for you.

Focus on understanding the key functions of the business—marketing, finance, operations—and see how they work together. This knowledge will be crucial when you're ready to run your own business. Also, take note of the company culture and leadership styles that you either appreciate or do not. This will help you shape your own business culture one day.

Finally, even if you're planning for future entrepreneurial ventures, start building your network now. Connect with colleagues, attend industry events, and join professional groups. These connections can become invaluable resources when you're ready to start your own journey.