Is it a good idea to start a company soon after graduation

[safibaig]

As every one know there has been hiring freeze going on everywhere around the world. Leave aside those experienced people. Lets think about freshers. Look at Google, Facebook and many other big corporations. They too started their respective companies when they were still in college. So is it a good idea for young graduates to start their own start up in these difficult times.

[neoac]

IMO, some experience is required to start your own business; however, if one have some guidance or support from experienced people, one can plan. Also, in which area you are planning to enter, for instance, service sector or manufacturing, what core competency is needed, what are the CSF to survive in the that particular segment.

[gurpreetsingh]

Well i think starting a company is always a good idea but the thing which you need for that is first of all a good and unique business idea and strong support of resources. In India at present 1000s of companies are operating in different areas but only few make their name in the market, and reason for that is their different way of working, good strategies, innovative and new ideas. Yes you can go for lauching a company but before that try to point out some new areas of operations which in the past are never being explored or very less utilized.

[abinowbhat]

Based on my practical experience, I feel that even if you have your own established business, one should work for others ( 2-3 years ), gain experience an then manage your own business or start a new venture.

[gaurav.phatak]

i totally agree with abinowbhat....
Working under some1 would give you the feel as to how it feels to be an employee which actually could help in being a good employer which in turns would assure a good team for the better business management.:SugarwareZ-141:

[Vidya Vajapeya]

nopes,..its not at all a good idea to start a company after graduation, because even if you try to manage funds or invest some money for your business, you will need experience to run your business, its risky, and it involves a very go through of the market strategies and responsibilities. so it would be better if you know something before you step into it or take bigger decisions.

[vedikabhatia]

It is a good idea to start a company but not immediately after graduation... since it is a time for you to take the experience how businesses are run and become multi geographical. So it is important to first have a great understanding and experience in the business line you want to be.

[apulstya]

I think, it very much depends on an individual's capacity to take risk...if you think you've what it takes to the hit in case you dont succeed and you have a very strong belief in your idea..by this i mean that you can run with it for years without being demotivated by what happens then go for it...its rare that a business grows manifold in a couple of years..one has to keep running with it..keep believing in it!..on the other hand if you're not confident then dont start a company at any point...your passion is the only thing that will show you success...job has its advantages for sure..but it has its disadvantages...i personally believe that working for a big company will teach you processes but it will also limit your thinking to those processes...you will not innovate...wont be creative and just accept that an already established company is following those processes so they must be right...

anyways..in short..there is no right or wrong time to start a business..it is the right person with the right mindset/passion that will make you successful...Cheers!

[shaileshkarnani]

bt isnt it too early to start w/o any experience..
its better to take experience bfore enterin into ny venture,,....

[k.ramya]

well coming to the point whether it is good or not to start a company after graduation means its a good one because we will become the entrepreneur and have our own business and will also be able to give employment for many people but the point here is that in order to start and run a business we should have thorough knowledge of what kind of business to start, how to start, when to start, what planning should be done, what are the steps to be taken and what i should do for the continuous success of my organization and the most important thing to start a business is money if we are set with all this things and if we have confidence enough to take and handle risk then starting a company is a good idea.

[priyanka.87]

well...i think starting a company soon after graduation involves a lot of risk ..as we are quite fresh and are not much aware of the market which is extremely mandatory to get on with a new business or a company...instead gaining some experience in the concerned field will involve lesser risk and will be quite motivating .

[akshay_21]

i dont think its a good option to start a business straight away after the college..... cause we can only see few big companies, in my opinion they have luck ,thatsy they became that much success full..... but there are many more companies which are not so succesfull beacuse they dont have luck.... so in the absence of luck we need to have some experience so that we can start our own business.....

[div.chaturvedi]

i think before starting a company of his own, one should first gain some corporate work experiance to understand the challenges of managing a business, also understand the risks involved. Apart from that it is always a good idea to be financially sound before venturing into a new business.

[just.swati]

i think you should gain some experience before starting a company

[sikandar_gtk]

Well that depends : track down this topics and qualify yourself to start business:

1) Introduction of the proposed project
2) Your qualifications and accessibility and eligiblity to handle such proposal
3) Do you have any sound idea abou the market of the product your proposal and future market for the same
4) Do you know the financial requiremenst of the proposal , i:e; Capital invvestment(plant and machinery & MFA's), working capital requirements for such proposal for such units minimum 3 months cycle , other overheads and options of finance available and the most suited form
5) Management & Man power requirement
6) Technologival requirement
and few others to be consulted with the expert , if you know the answers for this a rough sketch of it , than you are good to go , say you are committed otherwise find a suitable job gather experience and then go for self entrepreneurships

[cool_123]

According to me one should start his own business when he is confident abt himself.
It should not matter how much experience he has as long as he is ready to run his own business and fully prepared.

Discipline could a key factor in running a business. If one thinks that by gaining some Work exp he will b better equipped then he should go and work in some co.

[hrithik_fan]

Starting a company is almost like nuturing a baby. You cannot fully learn everything and then start. But there are certain basic elements of business that one must know so that the process of learning and implementing would be easier.
First of all one must know what is takes to start a company, manage a company and run profitably with a longer vision in mind.

Try to get your answers clear about these before starting any business.

Like any work you need to know about what you are doing- know about the business by doing proper industry and business research. Then just take action and move on...
regards,
Dileep.

[pleasant_raj]

I think it depends on how much clarity you have on what you want to do. If you only have a dream to open a company and have not worked out on the details part it is better to spend some time firming up your plan and then launching your company.

[neeteshsalian]

It depends on the desire and drive of the individual. It also is dependent on the individual's traits. If entrepreneurhip traits are missing then inspite of adequate capital and trained & experienced manpower, the individual may not survive for long in the market considering the stiff competition and market dynamics

[Mohangera]

thats very true and one should always look forward to start a new venture just after graduation
there might be some hickups in the beginning but with time and expericene things get right
and in 99% times its true

[sahnipdm]

bro its as gr8 as it cud be . be a job creator than a seeker

[vvishal]

no.
you need some field experience.
work for couple of years at least in the sector you intend to start a company.

[rahulba13]

new ideas are generated most by someone who is fresh and not beaten down by the corporate world. So i really think it is a great idea..

[manthassv]

As every one know there has been hiring freeze going on everywhere around the world. Leave aside those experienced people. Lets think about freshers. Look at Google, Facebook and many other big corporations. They too started their respective companies when they were still in college. So is it a good idea for young graduates to start their own start up in these difficult times.

Personally for me, there is no particular timing to start a business...but to make it sustainable, to build the business and establish as a good brand in the market - it takes years of effort and whole lot of things

your commitment to the idea/business - staying focused
good core team with passion and expertise
right resources at right time and
stay connected with right people at right time (this makes major difference in business)

these are just few thoughts

cheers
Shyam S. Mantha
Entrepreneurial Coach

[subscriptionsxyz]

Not a bad idea though.. You should make sure you have enough metal in you though..

[Suvin_jv]

Well considering the present economic melt down and the fact that most of the companies follow strict measures in laying off their employees, it would be a wise idea to start an organization! However, is it wise to form an organization soon after one's graduation? I personally opine that experience backed up with knowledge (Education/Graduation) will help an individual to succeed in any business. The actual concern is not about starting an organization but to sustain one's business in this competitive market!

[rajanlove]

Well considering the present economic melt down and the fact that most of the companies follow strict measures
So, are you happy? Are you truly content? Or are there many things that you wish you could change? Do you wish you had a better job? A better girlfriend or boyfriend, wife or husband? A better place to live? A nicer car? Are there other changes you anticipate in your life which should give you happiness after having accomplished or achieved them?

Let's face it, if you are still hoping for happiness, it means you don't have it. Sure, sure, maybe things are OK and not too bad. Maybe you need to appreciate what you have more than you do. We all need to do that. Yet, maybe you are still hoping for improvements, substantial changes. However, just trying to be satisfied with what we already have doesn't mean we have to stagnate, or merely act like everything is just fine. And if you haven't found the spontaneous or self-sufficient happiness that you would like by now, maybe you do not know where to find it. So where are we supposed to look?
or there

[deepakraam]

Friend,
First and foremost - starting a business is a gr8 idea-give urself a pat on ur back.There are only few ppl who think about starting a new venture and only handful who make their dreams a reality. There is no hard and fast rule that you have to start ur business only after graduation.Today graduation doesn't teach u anyting. But very confident about ur business - how it can make a difference to ur customers and what will be the practical value it can create to tomorrow's world.Most importantly u must be patient and should be determinant to reap the benefits of ur venture.So I would suggest if u r clear in ur pursuit then the world is there to help you.

Wish u gud Luck

-Deepak.

[prashant1911]

well its good to start the company after graduation but truly speaking to run it successfully the ability one gets only after doing master degree. but at the same time its not generalise one who is born in business class family may get it inherent in him to run business

[sirang_chuck]

I think it will be very hard for a fresh graduate to start on his/her own company during this economic crisis for the following reasons: 1.) It is difficult to gather resources since there is crisis 2.) Lack of experience of managing and engaging in a company or corporate responsibilities, because of that it might lead to early bankruptcy or down of the company.

[project specialist]

Okay I am graduating in the summer so I’m going to start applying for work soon. I am presently working as an intern with the department of treasury and I have been here 6 years (since I was a junior in high school). Once I graduate I will not be allowed to work here anymore (something about they have to hire another intern even though they love my work and do not want me to leave) that’s straight BS but what can I do about it. Anyways I have experience as a financial clerk, support staff, as well as examining 2 national banks. Right now, my g.p.a is 2.60. Most companies ask for a 3.0 g.p.a for their undergrad graduates program. Should I just apply for experienced hires, the undergrad graduates program, or both?
Thanks.......

[diksha_d]

actually no,,exposure needed bfr to start up wid sumthng

[banty]

THINKING PROCESS IS NOT DEPEND ON EDUCATION.
if person think that he/she is capable to start a company then why not.

[project specialist]

It is really very good Idea to start a business after complete graduation.I struck with the same problem which is done.

Lot of Thanks.

[rajeshdhaulakhandi]

yesgood idea. but etablishing yourself without experience is dfficult

[velo]

emm i think this is interesting thread...n my opinion i think if the fresh one have skill and their idea of a business, they can try it...but in this case they must sure their business is unique, not the usual one...and they must plan it properly,if not that business will not maintain longer...

[paditi]

Starting a company right after graduation is not a good idea.
1. You can work for some time and earn enough capital for your venture.
2. You also gain insight into how businesses are run

[meghab]

hey if u belong to business family where all of them have huge amt of experience than only you should start a company.ur idea for selling a product should be unique as well as substitue to other keeping in mind various features.

[MRK466]

its not good idea,atleast we should get practical knowledge by working some where.

[anand2110]

Its not a talk abt what's r8 or wrong,but its wat u need to have somethin in mind bfore...to make use of the idea..u need to find proper time and luck

[HARSHA6183]

its not good idea to start a company soon after graduation

[sanjib.jena]

well someone can do business if they got family businesss or else they should work gain some experience and then go for business.

[mks121287]

i think starting a new business any time is not at all a problem provided you have a good business plan and sufficient capital but it is always better that you work under some body for a few months in the similar business you have planned for and then start your biz....

[nupursingh08]

Well starting a company is always a good idea but one needs to have ample resources or a unique business idea. As a starter it is always advisable to do a bit of research and then go about investing both time and money in such an option.

[anand10]

It is a bad idea to start a business immediately after graduation. MBA teaches us the theoratical management and when we enter in to practical life, its really hard to manage it. eg: one of my friends started business without any knowledge about the business and he shuts down without making profit.

[liveup2life]

yes.. it is a good idea to start a company if you have a strong and unique business idea..MBA provides learning.. and joining a company may limit the applicationof your knowledge as you will have someone to report to..

[diaz]

its never a good idea to start company to start as soon as u complet graduation.. its nt college its experience teaches