CREATING YOUR CAREER GAME PLAN
Be your own boss Although it’s common for graduates to work in an industry for a few years before striking out on their own, you can think about starting your own company while you’re still in school if you have something workable. If you need advice and funding, SPRING Singapore’s entrepreneurship page is a good place to begin. There are also other useful links to organisations like the Action Community for Entrepreneurship (ACE).
Why you should go for it • You’ll have the freedom and flexibility to work at your own pace • You’ll be able to pick up and hone essential business skills, much like bookkeeping, collecting debts, marketing and filing tax returns
What you should consider Risks: All entrepreneurs face the same risks with uncertain market conditions and financial struggles, especially when working within tight budgets. As a result, a lack of funds and market volatility can make it difficult for a business to run smoothly and effectively. This drives home the importance of having a good and effective business plan, and conducting thorough research before taking the plunge to becoming an entrepreneur.
Attitude: Resilience and determination are two of the most important qualities you’ll need in the face of building your business. If you don’t have the attitude to remain upbeat and positive throughout, this may not be the path for you. Network: Before you choose to walk down this career path, it’s a good idea to understand the level of commitment needed. One way to gauge this is to get in touch with other entrepreneurs, whether they’ve succeeded or failed. Their experience and advice will give you valuable insights and context into your endeavour to become a successful business owner.
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