This is a not so talked about aspect of management. You can’t really run a business satisfactorily if you don’t have an aspect of experience or have not paid for guidance, analysts or consultants.
If you are a fresh graduate, I highly recommend getting a 9-5 job.
The obvious reasons are that you need the money and network and technical know-how.
But another less-talked-about reason is that it’s good for you to actually experience how an organization works.
You learn hierarchy of command, decorum, standard operating procedures, how to investigate failures, how to react to a dynamic environment, how to communicate, how to reward/punish, and so on.
For better or worse, 95% of the way I approach business is copied from Shell.
I simply don’t know how else to run a company. So I do what I’ve seen work for 12 years.
Of course, my business is different from Shell’s so I adjust as needed but the principle and the philosophy carry through.
Some people got born into a family with a long rich history of business/entrepreneurship and maybe even went straight to get an MBA. These folks may start a business fresh out of school and reasonably be expected to succeed.
But if you are like most of us, then I recommend working for someone else for a while.
@AskMichaelTaiwo Let’s be really frank, neither is easy. Inexperience for a business is disastrous, getting a 9-5 as a GT can also be difficult, the competition is high and loud.