What A Founder At Simran Nath LLC Wishes They Had Known Before Entering The Entrepreneurship Industry
Simran didn't intentionally enter their industry, but rather "found [themself] in this industry," a common entrepreneurial experience. A key piece of advice is to work and save at least a year's worth of basic salary and needs before fully committing to entrepreneurship, emphasizing that "your twenties are for learning" and taking calculated risks to achieve financial stability.
Entrepreneurship, Self-Reflection, Financial Stability, Risk-Taking, Career Planning
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Simran Nath
Founder/President
Simran Nath LLC
California State University, Long Beach
Communications
Technology
Consulting
Immigrant
Video Highlights
1. Many entrepreneurs find themselves in the industry rather than intentionally entering it, and they make it work through adaptability and resourcefulness.
2. Self-reflection is crucial for aligning your career with your interests, values, and skills, enabling you to pursue fulfilling work while still making a living.
3. For aspiring entrepreneurs without a financial safety net, it's advisable to maintain employment while building their company or save at least a year's worth of living expenses to ensure financial stability during the initial risky phase; furthermore, take risks in your twenties to learn and grow, as your thirties are for earning.
Transcript
What have you learned about this role that you wish someone would have told you before you entered the industry?
I don't think I entered this industry. I think I found myself in this industry. I think that's probably how most entrepreneurs are, right? They just find themselves somewhere and they make it work. My career route has not been traditional by any means.
I've figured out a way to make it work. If there's a piece of advice I could give somebody else, it's this: if something sounds cool, sounds fun, and sounds like something you'd want to do, pursue it. I've come to this point through a lot of self-reflection.
I'm choosing to live and guide my life by doing things that are in alignment with my interests, my values, and what I'm good at. We all have to make a living, that's simply it. I believe everything can exist at the same time, but it's not going to happen easily.
If you are trying to be an entrepreneur or a founder, and you're similar to me where you don't have a safety net or money to fall back on, continue to work while you're building your company. Save up money for at least a year's worth of your basic salary and needs, and then go into what you want to do.
Make sure you're a little more financially stable as you continue to take these risks. Also, take your risks in your twenties. Your twenties are for learning. Your thirties are for earning. Take all the risks you can in your twenties.
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