Should you quit your job to start a business?

It is common to hear success stories of entrepreneurs becoming millionaires overnight. But what people don’t tell you is the tireless nights, multiple failures and huge risks they took.

It is very rare to find successful entrepreneurs who suddenly decided to quit their job and start a business next day. Working for yourself requires a significant change in mindset from working as an employee to working as an entrepreneur.

What to Do When You Fail?

I don’t know how many times have you failed? But I have failed many times badly. Am I a failure? Should I stop doing the things that I have failed?

Is there any way to avoid failure? Yes, there is only one way – Stop doing anything new or different!

Does failure take you back? No matter how many mistakes you make, you are always ahead of everyone who isn’t trying.

Startups or Big Companies: Which Is Better for Your Career?

I had a friend from NIT Jamshedpur. He was working in a reputed analytics firm in Gurugram. He was offered a fixed growth plan for next 5 years.

No doubt, he had a competitive pay of a corporate and perks of a startup. But he left the company in 15 months! Everyone wondered why?

Later on, I found that the company was not bad but he could not fit into that environment!

When is the best time to switch jobs?

I recently met Ankur, a senior vice-president in a reputed MNC at Gurugram. After graduating from prestigious IIT Kharagpur in 2002, he joined XYZ, an analytics firm started by some IITians. After 6 years, XYZ was acquired by ABC. It has been 16 years and he is still working in his first company.

I also know Nikhil who graduated from a normal college, but he kept switching jobs after each 3-4 years. Today he has more than 15 years of experience. In his 6th job, he has reached till VP-level.