Tuesday, July 1, 2008

Why start a business instead of working for an established company?

I am currently completing a Bachelor of Arts in Business Administration Degree at Benedictine College.

For most University students, the logical first step after graduating is "finding a job". That is certainly one option for me, but another option that far few graduate students consider is "starting a business".

There are many reasons why most Hong Kong students look for employment with established companies when graduating. These include:

  • the prospect and security offered by an immediate salary and the benefits of the knowledge and experience that one can get from working for an established company.
  • On a resume, a person's past employment experiences will obviously be taken into account by future employers, and in Hong Kong, working for a reputable company (preferably a foreign company) will reflect positively on the employee.


I have already had a number of interview with prospective employers. One position in particular, with Nvidia based in Hong Kong, interested me. But after giving it a lot of thought, I decided to give starting my own business a try.

In terms of getting an immediate salary, I am lucky that I still live at home with my parents. I also have a number of part-time jobs, which include teaching students on Lamma Island. And with regard to the benefits of the knowledge and experience that one can get from working for an established company, I really think that I will get a wider range of knowledge and experiences by being involved in starting a business. And as for how this will look on my resume to a prospective employer, I am hopeful that any future employer would be quite impressed with how I have spent my time, and the knowledge and experience I have acquired. Also, I am still very young. Many of colleagues will not graduate from University until they are 22 or 23, so I think at my current age, its entirely fine to give running a business a try!

3 comments:

Grace T. said...

I like this post. I want to run my own business soon, so I'll have to keep this in mind. I can use all the help I can get during these tough times. Lately I've been thinking about buying a business instead of starting one from scratch. It's tentative, but I'm strongly considering it. Do you have any suggestions or advice? Thanks.

Alyssa Jones said...

@Grace,
Yeah, it'll be tough, especially right now, but if you can ride out this economy, then it's definitely a good sign. If you're thinking about buying a business, don't forget to do your due diligence. Also, check what's even available in your area. I know there's this site called BizTrader.com, which is an online global marketplace where you can buy or sell a business. You can also use it barter for services or find a lender. I also suggest looking into any small business groups in your area. They should be able to direct you do businesses for sale and should be helpful in general.

Good luck!

Anonymous said...

My friend told me about Wayan (I hope I spelled name right?) who was one of the ones who stated Admart.Aisa site.

What she did is just went ahead and got started a business at the very young age out of University. How many of us also wish that!! But how many do it??? :(

We get train to work for anothers, but then the boss push us hard and we get stuck there in a torture. And unhappy and not respected. And paid very poorly for long hours that make our spine break.

The big problem for me is getting business capital. How was Admart funded?

I know Admart.Asia is successfull now, but its like chicken and egg. How can you start a biz without the funding, escpecilly if you have no real prior experience, and you are not big enough to do IPO, and no bank will give you loans.

Wayan, if you need a partner, or an humble hard working and educated employee in India then let me know.

Ashish

I will not put my last name in case my boss reads this but you can contact to reply me anytime.