Career for Entrepreneurship
What is the best job/role in finance to initially work in to eventually transition to entrepreneurship
What is the best job/role in finance to initially work in to eventually transition to entrepreneurship
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VC / PE? Really though any role where you’re looking at the financial operations of a company will give you good training. Valuation could also be helpful.
OP here. Was just wandering whether consulting may actually be a better path for entrepreneurship and it provides such breadth?
Consulting is useful as well, depending if you’re looking at the financials of companies. Some parts of consulting are really niche, so it depends.
There isn't one, you need to get direct experience in a domain. If you want to start your own consulting company then sure consulting is good. Maybe these types of finance jobs will help in terms of intangibles such as developing disciple but they aren't gonna make you good at starting your own company, that's just my opinion.
The key is knowing the financial operations behind a business. Then you find the company’s core competency and also how to maximize revenues and profits.
Just jump in…
:-)
TWSS
depends what business you'd like to start really. search fund if you want to buy or build a blue collar business?
Actually being an entrepreneur is by far the most direct. You don’t really understand how hard it is scaling a company until you’ve done it. Imo the easiest way to get experience is spending time at a unicorn or high-growth company in some sort of biz ops, sales, or strategic finance position - since those roles usually interact with every business function.
IB/PE/VC only gives you basic financial modeling and accounting skills. I turned down a FT IB offer at a BB for a Strategic Finance role at a hyper-growth company and the learning differential has been pretty big. I’ve completed projects that IB/PE folks only get exposure to late in their careers
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