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Members joined us for a fascinating IVY Ideas Night on How to Be an Entrepreneur While Keeping Your Day Job, featuring renowned entrepreneur, investor, and internationally-bestselling author Patrick McGinnis! Thanks to a sustained tech boom and the falling cost of launching new ventures, entrepreneurship has never been more embedded in the cultural zeitgeist. Yet the harsh reality remains that 75% of startups fail, and most successful ventures take years to establish their ability to survive. Given these endemic pitfalls, full-time entrepreneurship is not a sustainable path for most people, especially young people. In this compelling discussion, Patrick revealed how aspiring entrepreneurs can choose to start companies part-time, dedicating at least 10% of their time and capital to advise, invest in, or form companies. Part-time entrepreneurs can enjoy the benefits of entrepreneurship – autonomy and ownership – to diversify their income and increase their wealth without giving up on their ambitions and opting for the trap of perma-freelancing or the increasingly volatile corporate sector.
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