Do I need to work in the same industry I start a company in?

by LankyBasket. Posted on Sep 12, 2020    1    5


Felix Dennis’s book on “How to Get Rich” talks about working as an apprentice in an industry you’d like to start a business in.

However, what happens if I don’t know what business I’d like to start and end up working a job, a well-paying one, that isn’t aligned with that business?

I’m planning on working in technology sales and have yet to know what type of business I’d ever start in the future.

Irrationally, I’m worried if I’ll ever find a highly profitable and scalable business in the first place.

So am I screwed if the occupation of my business and industry do not match?

Thanks


Comments

realmagsnus 1

B2B startups are generally the most likely to succeed. It is easier to find a problem to solve if you have experience in an industry. It is also easier to leverage a network in the industry for B2B sales. Your not screwed if you don't go that way but going that way increases your chances of success.

danksauuuce 2

Nope. The path of least resistance is always going to be leveraging your skill set and your network, but there are plenty of skills and networks that can transfer to other industries. So it’s easier to start a business in your industry; but not by any means the only way.

Often pivoting is the right choice.

  LankyBasket 1

My skill is sales I’ll be getting a job in sales after I graduate. Preferably I’d like to work for a technology company doing that.

I know I have a general vague idea that I’d like to create a startup in the tech industry, but don’t know what.

I’m worried... what if I’m my sales roles I don’t see any problems in the industry or perhaps I can’t find any business ideas in the first place?

Do you think I’m on the right track and should wait for things to happen?

danksauuuce 1

Sales would be one of the most beneficial skills you can build for entrepreneurship (selling your product, obtaining investors, gathering talent, etc)

Pay wise, being the closest to the money transaction is generally the most lucrative (sales is more lucrative than say working in R&D) - and having more capital may be important to you when you’re ready. So tech sales sounds like the right move for you, but doesn’t mean you’re stuck there.

I think you’re over thinking it. Instead of thinking negatively, look at the positive - if you switch industries your bringing a unique experience to that new industry. Because if you’re dug into a very specific niche, it’s easy to keep doing things the way they’re done. You may not see the problems to solve; because you have the same perspective as your colleagues. Now, let’s say you don’t pivot, well then you’re building your skill set and the right connections for when you do have the right idea. Win win.

I don’t think building a successful career in technology sales is going to hurt you.

“Tech” is pretty broad as well.

  LankyBasket 1

Yes, “tech” is very broad. Honestly, anything technology related is something I’d like to start. Sometimes software related, perhaps including AI in it.

Because I don’t know what I’d create in the first place, I thought getting a sales job with any technology would be helpful.

Would you agree? I’m just worried I won’t EVER find problems to solve that would allow me to create a potentially globally big, scalable business.