Corporate entrepreneurship is the future of businesses, emphasizing the importance of recognizing the value in both employment and entrepreneurship.
Actuarial Science Expert Joseph Omae challenges the prevailing notion of demonizing traditional 9-5 jobs and urges individuals to view their current employment as a growth opportunity.
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In a society where many aspire to break free from the constraints of regular employment and start their own ventures, Omae acknowledges this ambition but highlights the reality that entrepreneurship comes with its own set of challenges.
He cautions against solely focusing on the success stories often portrayed in the media, reminding aspiring entrepreneurs of the long hours, financial uncertainties, rejection, and mental health issues that can accompany the journey.
Omae emphasizes that once individuals successfully establish their own businesses, they will inevitably need employees. He questions whether entrepreneurs should expect their employees to have a fundamentally different perspective than they did when they were employed.
By recognizing the shared experiences and challenges, Omae encourages a more holistic approach to employment and entrepreneurship.
“Instead of pitting employment against entrepreneurship, both should coexist and be treated as complementary. Individuals should focus on what they excel at and leverage their strengths in their respective roles,” he explains.
He believes that a person who may struggle as an employee could thrive as an entrepreneur, just as a highly educated individual could fail to deliver in a business venture. Each path has its own unique challenges and rewards.
Omae also highlights the potential benefits of corporate entrepreneurship, wherein individuals can utilize their current jobs to network, enhance their skills, and even secure seed funding for their future endeavours.
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He emphasizes the importance of viewing one’s job as an opportunity for personal growth and professional development, as colleagues and employers may become clients or supporters when launching a business.
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