I recently spoke to Isac Fox’s MBA Entrepreneurship class at the Carlson School of Business at the U of M. I just love getting the chance to connect with students, and I’ve been reminded of how much energy I get from the classroom experience lately.
My message to them was simple:
- Now is a great time to be an entrepreneur. It is a time of great technical as well as economic creativity.
- Even if you don’t have your entrepreneurial idea yet, even if you don’t know what your company is going to be you can:
- Get good experience at established companies. Big, successful companies are big and successful because they’ve built themselves to scale in many different ways. Learn what these are. And, learn what to expect from a professional accounting, legal, human resources, marketing, sales, etc. department, because, as an entrepreneur, you’ll need to build that or buy it someday.
- Build your own network of professionals that you’ll be able to tap as peers, consultants and so forth. You need personal relationships with several of each: bankers, lawyers, accountants, investors. Start building that now.