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In the third installment of Career Pick, Orissa POST talks to experts in the management sector and gets their views and experiences relating to a career in startups. Management graduates who have ventured into this profession share their experiences
Bhubaneswar, Sept 19: With more career options now available in the market, every stream is getting diversified with time. Buoyed by the success of many young entrepreneurs in the last decade, many budding management students are now opting to start their own ventures.
Experts from the city, however, warn that a number of challenges await the budding minds who want to choose a different track to success and decide to opt out of the conventional methods of career in the management sector.
Saveeta Mohanty, placement-in-charge of Xavier Institute of Management, Bhubaneswar, thinks it is always better to gain some real time experience in industry to understand business before venturing into the world of business.
“It is always a good idea to gain some industry experience after working in the sector. This exposes them to the industry and gives them a good amount of real time experience and teaches them valuable lessons. It also inculcates in them confidence to proceed with their plans. We have seen a few ventures started by beginners soon shutting down due to dearth of experience,” said Saveeta.
She, however, added that there were a few cases where few people have succeeded in their maiden attempts. Still the risks are many.
Many who have attempted to start their own startups said there are many challenges for people keen to start something on their own.
Deepti Ranjan Sahoo, founder of digital marketing firm derive-e-farm, said, “There are challenges galore when it comes to starting your own startup. Problems relating to management of funds, employees and logistics need to be well tackled. A thorough research on the subject is very important to minimise risk. People need to keep themselves updated regularly about markets to know the risk factors.”
Experts, meanwhile, say that although there are challenges strong will power and dedication pave the way to a successful future.
Satyabrat Ratho, director of Prelude, said, “Entrepreneurship doesn’t seem to offer security but I feel an entrepreneur is more secure than a job-holder, even if he or she is not making money in the beginning. A career in this field is a great differentiating idea and has a relevant market.”
However, there are many who are starting their ventures to get a feel of management studies. Srijeet Mishra who started dhobiwaale.com after starting his venture joined a premier management college to get in-depth knowledge of management studies.
He said, “I am from an engineering background but started my venture to experiment with my business skills. Later to know more about management and business I decided to go for an executive MBA degree to know more about management and it helped me a lot. Incubation centres, meeting with other successful entrepreneurs helped me know more about management. Now I am planning to open new ventures,” says Srijeet.