Dr. Steve Gedeon of Ryerson University talks about Entrepreneurship and the Entrepreneur.
Duration : 0:1:50
When Sunil Bharti Mittal started in business more than 30 years ago in Ludhiana in Northern India, he borrowed $1,500 to make bicycle crankshafts. Today, he heads the $5 billion Bharti Group, whose flagship company, Bharti Airtel, is India’s largest mobile phone operator. Forbes magazine, which estimates Mittal’s net worth at some $11 billion, ranks him among Asia’s self-made millionaires. Mittal spoke with India Knowledge@Wharton at the U.S.-India Business Council’s 33rd annual meeting in Washington, D.C., about the leadership and entrepreneurial lessons he has learned during his career. Among them: When faced with a choice between perfection and speed, choose speed; perfection will follow.
Duration : 0:15:50
This year is my last year at high school im a senior graduating in the class of 2010. I have just started to think about ideas and things i want to do in the future as well as looking up schools and finding whats best for me. My main goal for the future is to open up my own store and being an apparel business owner. When i look around places i see that Entrepreneurship and business management have a lot of similarities. So whats the best thing for me to study because im confused.
Being that you are just about to begin college, I see no reason why you wouldn’t study both. Regardless of what you want to sell, you have indicated that you would like to open your own business. Opening your own business is entrepreneurship. Managing and running that business is business management. You could also manage a business that someone else owns, this is still business management and would give you the experience in business management without the added responsibilities of owning the actual business you are managing.
Regardless, the internet is now providing the ability to "open a store" without the traditional overhead associated with a "brick and mortar" type of store; therefore, you should not only study business management and entrepreneurship, but also study the different sales channels that could make your business profitable.
Bottom line is; you have some time. Study and absorb as much as you can and diversify what you study in college. This will broaden your perspective and level of experience when you finally decide to take action on your business ambitions.
Best of luck!