Look at it from the perspective that the entrepreneur is the product. And one of the things that will hold you back as you build a fast growing company is how fast the entrepreneur can adapt, and deliver. The one point when you know its time for you to step down and let someone take over, is when the demands of the startup overtake the learning capability of the founders – and trust me, it happens faster than you think. Too soon, and the startup dies.

Startup as early as you can, and it doesnt have to be the thing that scales. It doesnt even have to be an differentiated idea. But it should be something that teaches you something in every step. As a student, sometimes the basic equation you are trying to learn is a way to balance revenue and cost so that you take home something.

Almost every amazing entrepreneur that you hear of, has done that at some stage – be it a Richard Branson who ran a student magazine, and was trying to balance between generating revenue and keep costs down, or a Tony Hsieh building an earth worm business growing up.

Was that the empire that they finally built? Nope. But i bet they’ll tell you that the key lessons they took home on entrepreneurship, and the style they developed over the years, all pegged on the experience they started off with.

Contributor

Recently Published

Key Takeaway: Slavoj Žižek, a philosopher and cultural theorist, has written numerous books on various topics, including philosophy, psychoanalysis, pop culture, and commentary on recent events. He is known for his controversial debate with Jordan Peterson in 2019 about the connection between Marxism, capitalism, and happiness. Žižek’s work often critiques political ideologies, which can explain […]

Top Picks

Key Takeaway: A study examining the mental health of magicians found that they exhibited similar traits to people with mental illnesses like schizophrenia and autism. Magicians, who both create and perform their own shows, require precision and technical skills to entertain the audience. They scored lower on nearly every psychotic symptom compared to the general […]
Key Takeaway: Elon Musk, the world’s richest man, has a diverse career in space exploration, electric cars, AI, and social media. His biography, written by Walter Isaacson, covers events up to Space X’s unsuccessful Starship rocket launch in April 2023. Isaacson interviews Musk and uncovered newsworthy information, such as his Starlink satellite network’s crucial role […]

Trending

I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […]

Join our Newsletter

Get our monthly recap with the latest news, articles and resources.

Login

Welcome to Empirics

We are glad you have decided to join our mission of gathering the collective knowledge of Asia!
Join Empirics