Comments on: Entrepreneur Life vs Corporate Life

By: Neto

Neto — Thu, 22 Dec 2011 13:07:25 +0000

in the 6 years I worked for a fortune 50 company, I’d say the key takeway was that you need to be great at something and find people who are great at the things that you’re not great at. This is what makes corporations so successful - they have people who at great in each function of a business. Of course you don’t have the capital to pay for most resources but that’s when the magic of being a successful entrepreneur comes in. Use your network to help you, negotiate favors, influence people to do the work for you… trying to wear all hats and say to yourself you can do it all will only wear you out. At corporations they call it leadership.

By: Neto

Neto — Thu, 22 Dec 2011 12:58:33 +0000

That’s a good point but it depends what group you are in within the Corporation, the overall culture of the Corporate in accepting suggestions for innovation and of course your manager and leadership. It also takes influencing skills to prove to people your idea is worth a try.

As an entrepreneur, you do whatever you want with your idea.

Good post btw.

By: Rakesh Gupta

Rakesh Gupta — Thu, 21 Jul 2011 15:13:11 +0000

Great posting Jun. About 3 years back, I got to know that I am born to to only business though, currently I am in corporate life. In these 3 years, I kept trying to build something. Sometimes failed and sometimes surpassed my expectation. I am married, have my newly born baby but my wife keeps pressing me for what I wanted to do. I am in early phase of web2.0 startup plan and I must say these 3 years taught me many things while working in corporate. Stay tuned, I will come back to you guys.

Again great post!!!

By: Laura

Laura — Wed, 28 Jul 2010 02:18:23 +0000

Enjoyed visiting your site. I’ve been exploring different options so that I can work from home in the near future.

By: Chris Hughes

Chris Hughes — Sun, 08 Nov 2009 20:03:42 +0000

Jun, great post.

Right now I am a senior in college and have been working on building my brand/business throughout the past 2 years of school. My family has been telling me that I need to focus on finding an internship and go to work in corporate america if I am to ever have the success I want.

I’m a Business major with a concentration in Management and have found that I have learned more reading blogs and books about business success and entrepreneurship than I have ever learned in any of my classes. The classes aren’t really challenging any way of thinking or innovating for business as it is just textbook examples and I feel that if I pursue corporate life, I will end up bored out of my mind and end up so unhappy that the constant paycheck won’t make up for the unhappiness.

I am an Entrepreneur and love fixing problems that arise and identifying new ways to make money for businesses. I am not going to lie, I am nervous about pursuing my passion and am doing an internship next semester so that I can gain some experience in corporate america. Thank you for this post and do you have any advice for me?

-Chris Hughes

By: Mark Essel

Mark Essel — Sun, 07 Jun 2009 21:57:52 +0000

Great way to breakdown the differences you’ve experienced between a corporate job and entrepreneurship. Might I add that every entrepreneur’s experience will be different. There are so many factors that go into the experience of building a business: industry, current market, instability (can be a big plus), ongoing trends.

I reviewed possible ventures back in November last year but ended up opting for starting with brand building and networking first, and product selection later. Building a potential customer base before having a product may some pretty backwards but it makes sense to me. It only costs me 20hours per week to right a few well thought blog posts, and I’m doing the research/reading already out of interest. I’m very excited about the potential of social/collaboritive project design tools using Google wave.

Thanks for sharing your experiences Jun.

By: Comparing Life Paths - The Corporate Life vs. The Entrepreneurial & Startup Life « Entrepreneurial Activism

Wed, 06 May 2009 07:54:27 +0000

[...] http://www.junloayza.com/entrepreneurship/entrepreneur-life-vs-corporate-life/ [...]

By: Jun Loayza

Jun Loayza — Mon, 01 Dec 2008 09:53:01 +0000

Michael, thanks for reaching out.

The top three consulting firms are extremely tough to get into. I have seen many of my friends prepare for the case interviews night and day for 4 weeks straight and still not get in.

The startup life will be an extremely educational experience. I feel you’ll learn much more while running a startup than at any consulting firm; however, you have to be proactive about learning. You have to be the go-getter. Get mentors who will guide you along the way. At every step, make sure you are building your personal brand so that people know the hard work that you are doing and that people know the lessons you are learning.

It will be tough to get back into top-tier consulting from entrepreneurship. They are actually very different.

The best bet to get back in is to get your MBA from a top 10 school. From there, you can leverage your startup experience and MBA to get any consulting job.

Hope this helps and lets definitely chat sometime on Skype.

- Jun

Jun Loayza’s last blog post..Check out my recent guest posts

By: Michael

Michael — Mon, 01 Dec 2008 09:35:10 +0000

Jun,

I just found your blog and have been loving the lessons you’ve been sharing. I am a student who, after completing internships in the field, strongly believed that the best path for me was in landing a career with a top consultancy and then moving on to my own entrepreneurial endeavor after gaining a stronger network, problem-solving mindset, and time to find a great idea. It seems less and less likely now that I will be able to land one of those few coveted spots at McKinsey, Bain, or Boston Consulting Group, (and the above-mentioned positives) despite my work ethic and passion.

My main concern with graduating in 09 and starting my own business is managing the risk of entrepreneurship by making sure I can reenter that top consulting firm track if the start-up life doesn’t work right out of college. What advice would you give to someone like me?

Regards,
Michael

By: Chris

Chris — Wed, 13 Aug 2008 03:28:32 +0000

As a person who is constitutionally unemployable - running my own business is by far the best thing I have ever done. Since 2001, I have not worked a day in my life.

Don’t get me wrong… I put in a lot of hours. But the hours I put in are because I want to - not because I have to.

Running your own business is not for everyone. If you do not like risk - not for you. If you do not like long hours - not for you. If you do not have support in your family (if you are married) - not for you.

However… If you are looking for the ability to CONTROL YOUR DESTINY - then having your own business is the way to go.