Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

Should everyone try entrepreneurship? #shorts

22 Apr 2024 · 1 min

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Tim Draper says everyone should try starting a business once to learn how to delight customers, scale distribution, and manage payroll. He argues it makes you a better citizen who votes more wisely, though he warns that actual success is rare and requires both vision and opportunity.

Chapters

Why do you think everyone should try to be an entrepreneur at least one time in their life? I think everybody should try to be an entrepreneur one time in their life just because they learn so much from it. They learn how to delight their customer, how to try to spread a product around the world. They learn what it costs to set up a product, how they have to make a payroll of people who they hire. They learn so much. And then if you've learned that much, if you've done all those things, I think you end up being a better citizen. You vote better, you understand more about the world. I think It's a really healthy thing to go out there and start something. And do it when you feel like you got a little extra time, or maybe you've got enough money to keep yourself alive for a little while. Or do it because you have to. Not everyone will become a successful entrepreneur. That is very rare. And to become a successful entrepreneur, you have to have the vision, the opportunity just bursting out of your chest.