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Employee Vs Entrepreneur: Choosing your Career Path

MBA requirements,iilm

Some of the best business schools in India prepare you for being a qualified manager. Whether you want to work for a company or start one on your own, depends completely on your own personal goals. It also depends heavily on multiple factors that are defining your industry and your peer group.

If you feel that the industry is ripe for innovation and disruption, then you should choose the entrepreneurial route. If you feel that you are going to get better projects working for a company, then you should pursue that role.

 

Professional Goals: The correct path to choose depends heavily on what your professional goals are. Whether you want your goals to be about building a brand or expanding an existing one, you need to start mapping your career early on. You don’t want to switch mid-way as you might end up losing the momentum you’ve gained all this while.

You also want to create 2-3-5 year goals for yourself in terms of revenue, professional accomplishments and projects/goals achieved. When you can form that path early on, you’ll have a greater shot at success.

Career Opportunities: If you are receiving offers from companies that are providing some great career opportunities, then you should take it. A BBA admission in some of the best schools in India, like UBS of IILM, will provide you with many career opportunities post graduating. You can obtain multiple levels of roles and projects if you’re proficient in your approach and skill level.

When the opportunities appear to be brighter in the entrepreneurial stage, you can opt for that as well. The career opportunities have to line up with what entrepreneurship offers, otherwise, it may be time wasted under no-scope.

Blended Approach: Many students, after graduating take a blended approach towards employment and entrepreneurship. It’s the preferred path for many first-generation entrepreneurs who decide to take up a job so that they can learn the ropes first. After they feel like they’ve understood the industry and its requirements, they switch over to entrepreneurship and focus on creating value-based solutions for that space.

It might have some overlap, especially if you’re working on something that needs you to dedicate your time and effort. But, in the long run, you can decide what path to take via a blended approach.

Conclusion:

When considering whether to opt for entrepreneurship or employment, you must take into account multiple factors like industry trends, personal goals and growth of the company and most importantly, yourself. Decisions should be made on the basis of these factors and you must work hard to pursue either route.

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