Wednesday, October 04, 2006

The Purpose Of Building A Business In Learning

The population of students starting their own businesses after graduation and even while studying is showing an increasing trend. I can't prove this fact with statistics and studies conducted, but it seems to be pretty prevalent in our culture today. With stories of more and more young millionaires born every minute, I dare say more and more people are in their golden years during their roaring twenties.

To start with, the idea of attaining financial freedom early in life is indeed romantic, which explains why it is easily embraced. Also, the fact that one has lots of opportunities in their early years to make mistakes and explore new ground and to pick themselves up again after failure is an encouraging situation for budding entrepreneurs.

My senior coursemate who spent a year in Silicon Valley on a special internship-study programme shared with me the culture there. He said something with the following effect: "Young enterprising graduates/students there are excited and are ready to use the opportunities to grow themselves. A team of friends doing a start-up and running a business are driven by elements beyound profits. What more, they are not afraid of failure and loss. Venture capitalists are more willing to invest in someone who have done a start-up and have failed than to invest in someone who has a successful and smooth-sailing business. They are not afraid to go bankrupt, because they go through bankruptcy and start again from the beginning with the new found lessons and experiences."

They grow themselves through their business. A business as a vehicle for income, and a vehicle of learning. "Learn to build your business and build a business for your learning".

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