<p>I'm considering doing entrepreneurship but I realize that this may not be the best decision for the short-term out of college. </p>
<p>I have the typical asian parents, they will want to see me bring in the bank right when I graduate. Is there any type of job security? Please realize that I'm asking this question to save my parents from giving me tons of crap when I graduate. :)</p>
<p>Btw if you want to say: why don't you just do something else then?</p>
<p>My passion is in entrepreneurship... I know I'd work 10x harder if I worked for myself. I just realize that it could possibly take years for be to become successful. The only reason I'm asking this question is because of my parents.</p>
<p>Owning your own business with no business administration experience is quite risky. You need tons of money to start one, and work 100x as hard as if you were to work for somebody.
(Corporate and Investment) Banking, on the other hand, has a little more security. You make tons of money too. However, if something like 9/11 EVER, EVER happens again, you'll end up unemployed before you can say "You're fired." It's also really competitive, so there's a lot of office politics involved.</p>
<p>Entrepreneurship by nature is not a secure career. Owning your own business isn't easy. I would say you should work for a consulting firm or a venture capital firm before you start your own business. I can't say consultants will make lots of money, but their jobs are pretty secure. Venture capitalists can make tons of money or no money depending on how the projects they invested in do. But the job's pretty secure.</p>
<p>well this whole decision pretty much decides where I go... if i decide to do banking or any of that sort, I'd go to UCLA (if I get in as biz/econ). Although USC Marshall is pretty awesome as well.</p>
<p>You say that I should work for a consulting firm or a VC before I start up my own business... there lies the problem. I want a solid foundation in entrepreneurship which Marshall would easily provide yet it offers no security what-so-ever after graduation... what a tough decision.</p>
<p>No Moss, I don't think a degree can give you any solid business experience. The fact of the matter is, what you learn in school usually doesn't apply much to the real world. You may learn some basic skills, but that's it. I know someone who wants to be an entrepreneuer and so they've been initially just moving around in different industries that give good skill sets, by doing this they're learning froum experience and prepping for when they go out on their own.
(The person graduated as an accounting major, worked a year or so at a Big 4 Accounting firm, then did a 1 year stint at Goldman Sachs, and is now working at UBS for a while)</p>
<p>Most entreprenuers don't even have degrees. It's not really something you even learn. It's all a matter of you having the right ideas and working hard to achieve them. You'd be better off at UCLA because you'd have a back up in case things didn't work out with your entrepreneuer ventures, and you'd have the ability to work in some other fields initially if you wanted extra experience before going out on your own.</p>
<p>My uncle and alll of his friends are really accomplished entreprenuers some building businesses that bring in over 10 million a year. most of them have little education atall. What i have learned so far from and from some business classes i have taken while in HS from a local community college is that you should get your feet into something and then open it up for yourself. For example if you want to own a hotel get a job there as a janitor if you have to but learn everything. Move up the ranks and a couple years later when you have saved enough and feel you are ready go out and do it. I intern now while in HS but college internships are helpful for this big time. Once you invest your money into something for yourself you better know it will work. entreprenuers are a bunch of people who analyse risk. High risk high reward. I am going to try to get an education in marketing as a backdrop. You don't want to have all of your marbles on the table. If you lose all your money on your first business it won't be easy to start another business till you make some money.</p>
<p>like DC said. You don't exactly learn to be an entreprenuer. Pick up your skills but i would say go to UCLA and get you accounting degree. Your dreams of being an entreprenuer isn't over if you major in accounting.</p>
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like DC said. You don't exactly learn to be an entreprenuer. Pick up your skills but i would say go to UCLA and get you accounting degree. Your dreams of being an entreprenuer isn't over if you major in accounting.
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<p>Totally agree with this. Which is why I put very, very little stock in the so-called "Entrepreneur rankings" you'll find. The "unquantifiable stuff" needed to be a successful entrepreneur cannot be taught. Sure, you may learn some of the simple mechanics needed to run your business once its off the ground but you can easily hire people to do that for you as well.</p>