If a person is new to entrepreneurship, is it good to be exploit or/ and taken advantage of in its the first venture?
First Answer:
You may over simplify your answer…
My answer is yes. It’s better to learn these lessons early with $2k projects than multi-million dollar projects. The ones not suitable to be entrepreneurs will realize this early, and move on to something else. The ones who stick with it will have learned valuable lessons.
Ken’s Answer:
In general, with no past experience in this area of business, expect that things will go a bit different than expected. You don’t need to be pulled over the table and loose your shirt at your first venture, that would be most unlucky.
Prepare as good as you can, get yourself up to speed, gather information, ask for advice and help, know what you want out of the first venture, be confident, flexible and open minded.
If possible, enlist someone who has experience and whom you trust to help with the first venture.
If everything fails, well make sure you don’t loose to much, if any money and count it as your personal training toward the next venture.
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December 1, 2009 at 10:12 am
You don’t need to be punched in the face to know that you need to learn how to box. You should be able to learn most things second hand without the need for failure.
December 1, 2009 at 12:26 pm
“Truth be told, I like getting my *** kicked because it makes me angry, motivated and focused. If I look back on the couple of moments of success I’ve been lucky enough to have in my life, they all seem to come after a good ***-kicking.
The darkest hour is–in fact–right before the dawn.”
Taken from http://calacanis.com/. Jason Calacanis is CEO of Mahalo.com. Previously the co-founder of Weblogs, Inc. with Brian Alvey, and the GM of Netscape.
This type of mentality, and willingness to be daring and make mistakes is typical of entrepreneurs. When a person jumps from one discipline to another (eg. Software Development to Entrepreneur), they’re likely to make newbie mistakes. Some immediately return to being a senior architect for companies, others get their *** kicked a few more times before returning to being a senior architect, and then finally, there are those who succeed.
honestly, if you have the choice to do business, and you’re exploited time and time again, then you’re likely to move onto something else. Not many people are dumb enough to stay being a loser.
December 1, 2009 at 12:50 pm
If you get burned by somebody over $2,000 that is a small fry that burned you. As you deal with multi million dollar projects, you will be dealing with multi million dollar con artists who are much smarter than the first little fish who burned you so they may outsmart you again and burn you even worse.
December 1, 2009 at 10:22 pm
I agree I think it is better to go through a deal and get ripped off, than to not explore your deal, in fear that you may get ripped off. do whatever it takes to see your idea through and if you get ripped off, at least you will know what to look for the next time.
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Thanks and Regards
Noel for Nopun.com
a graphic design studio
December 1, 2009 at 5:09 pm
i don’t think the first venture is that big a deal… at this point in life it’s more important to gain experience than anything else. of course it’s ideal if u can get experience AND make $$ at the same time
but as long as u get valuable experience out of your venture, so what if u get exploited ONCE… it will serve as a painful and effective reminder for you not to get ripped off again the future