Entrepreneurship

Alright, in the last few posts I have beat this MBA admissions process thing dead. I cant think of anything more to write about the admission process anymore. I always have to pick up a new adventure to focus my energy on; otherwise life gets boring. So the new thing I am going to try and get a grip on is entrepreneurship. I am going to try and start a company. I am definitly joining the E&I track at MIT. E&I stands for Entrepreneurship and Innovation, its a certificate program in the same. Maybe this will be good education.

So here is where I am right now.

1. I dont have any experience in starting companies

2. I dont have a business idea; nor do I have a patent; nor do I have any cool technological innovation;

3. I am not rich; nor do I have any rich friends or relatives.

Here is what I do have right now.

1. I am 26, that gives me a lot of time to come up with something

2. I am going to join MIT Sloan, which gives me a awesome playing field. Boston is a great place for startups, MIT has plenty of neat technology brewing in various labs.

3. I know what I want to do. There is clarity and a strong sense of purpose. I am not afraid of risks.

OK, so where do I start? I think the first step is to find some mentors. People who have started successful companies and ask them how they did it. I should also probably start reading up about entrepreneurship and small businesses. Eventually I will have to find some awesome technology and come up with a business plan to address a specific market need. I probably also will need some rich friends or atleast associates, but I guess that can come later.

Ill write about what I learn and end up doing. I guess I also need to figure out if I want to build a self sustaining company or just set up a business with a vision and then figure out the best exit strategy.