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wanna be a entrepreneur....

manikandan341

Hello every one i'm manikandan . i have completed B.E(ECE). Any one please give some idea to startup a small scale in embedded.

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    I agree with Michael: go work for a company for several years to learn what can go wrong and how best to avoid it.  I did this myself back in the 90s.  I was considering the possibility of doing something entrepreneurial at some point and I had the opportunity to join a medium-size company of about 100 people.  The great thing was that all aspects of a small manufacturing company were present: engineering, manufacturing, sales, marketing, customer service, and human resources.  Yet it was small enough that you could see how all these parts of the company functioned -- and malfunctioned.  In a large company you only see a small part and you can't get the big picture.

     

    In about 3 years I knew I would never want to do this myself.  It was great being paid to learn this instead of losing my own money.

     

    I don't know what the actual numbers are, but I believe I've heard that 90% of new businesses fail.  Given that there are so many things that have to go right, this 10% success rate sounds about right.  Now, if you have a sure-fire can't-miss crackerjack product you can increase the odds of success to maybe 20%.  You read about successful companies like Facebook but the media doesn't cover the myriad companies that don't make it.

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    I agree with Michael: go work for a company for several years to learn what can go wrong and how best to avoid it.  I did this myself back in the 90s.  I was considering the possibility of doing something entrepreneurial at some point and I had the opportunity to join a medium-size company of about 100 people.  The great thing was that all aspects of a small manufacturing company were present: engineering, manufacturing, sales, marketing, customer service, and human resources.  Yet it was small enough that you could see how all these parts of the company functioned -- and malfunctioned.  In a large company you only see a small part and you can't get the big picture.

     

    In about 3 years I knew I would never want to do this myself.  It was great being paid to learn this instead of losing my own money.

     

    I don't know what the actual numbers are, but I believe I've heard that 90% of new businesses fail.  Given that there are so many things that have to go right, this 10% success rate sounds about right.  Now, if you have a sure-fire can't-miss crackerjack product you can increase the odds of success to maybe 20%.  You read about successful companies like Facebook but the media doesn't cover the myriad companies that don't make it.

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