This is a common query – details may differ, but dilemma remains same.
This is Ramesh hailing from Theni, a small town in Tamil Nadu. Actually I read your book “STAY HUNGRY STAY FOOLISH” and I want to tell you about me. My father is an agriculturist and mom is a home maker. I did my schooling in Theni and I did my engineering in Coimbatore.
My plan was do some business as I was not aware of placements after graduation. I started thinking of what can I do and decided to start a a KPO and BPO on my own. I needed about Rs 1 lakh to start but I had had only 50K so I called my friend and he said he can can invest only 25K
We signed the agreement but then he didn’t start and he took his cash back. I felt very much dissappointed and started looking for a job so I can get capital to invest in business. So I am going to work for 2 years and now I am also planning to do my MBA in some reputed bschool.
Actually even Rs 1 lakh I think would be less, we need around Rs 3 lakhs so I thought of getting one project with that Rs 1 lakh and then use the money we earn to buy more PCs, get some more projects etc But then I did nothing. So please suggest what can I do..
Ramesh R L
My response: Ramesh, you are on the right track but at the first sign of hardship what do you do? Give up. In the industry you plan to enter you can very well work from a cybercafe for first few months (saves cost of buying PCs). You can do projects based on your technical knowledge sitting at home in your pyjamas and thus generate the required capital (Rs 1 lakh is less than $2500!).
But I think it may be better for you to work a couple of years, get practical exposure, gain some confidence and then revisit the idea you have in mind. Money is only one issue; more importantly who is your client, what is your service and why should he choose to work with you??
Think about it and meanwhile keep your eyes and ears open for someone who can join you in your enterprise. Two heads which complement each other are generally better than one …!