In episode #695, Eric and Neil discuss why you should work for someone else before you start your own company. Tune in to hear why you should learn the ropes from someone else.

TIME-STAMPED SHOW NOTES:

• [00:27] Today’s Topic: You Shouldn’t be an Entrepreneur First, You Should be an Employee
• [00:38] Neil hasn’t been an employee since he was 18 or 19 when he worked at Hollywood Video.
• [01:02] Eric found the structure about being an employee was helpful to understanding what makes a company work.
• [01:35] He switched jobs often, because he was chasing the next opportunity. Each time, he learned something new about what makes a successful company.
• [02:15] You should start out as an employee, because you need to try things out to see what you like.
• [02:35] Bill Ackman, successful hedge funder, thinks you shouldn’t start your own company until you’ve worked in the industry for some time.
• [03:15] You need to learn from others before you go out and make your own mistakes.
• [03:40] If you learn from other’s good examples first, you are more likely to succeed in the future.
• [04:18] The Ali Baba CEO, Jack Ma, made a video about this very topic and he agrees with Eric and Neil.
• [04:48] You don’t have to make all your money when you’re young.
• [05:05] Be prepared to fail before you succeed.
• [05:17] That’s it for today!
• [05:20] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

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