Things I will tell my kids if they become entrepreneurs [slides]
Ask what they want out of it. They should be honest. Like really really honest.<p>If it&#x27;s for money, then my advice is - don&#x27;t do it. Especially if you have an option to get a 5 figure salary comfortably in a successful company. Successful entrepreneurship is like a lottery. News covers only the successes(lottery wins). No one covers the losses which is way larger. You can easily get lured by seeing the news of successes. And if they are still don&#x27;t get convinced, it&#x27;s their destiny to experience it :). If they do not have an option for getting a comfortable salary, it&#x27;s fine. The hunger will eventually get you money.<p>If it&#x27;s for passion, ask them to do it as side hobby&#x2F;business. After all they are not in it for money. And if they are really lucky they will reach a point where they can make it a full time work.<p>p.s. I am into my third startup. This is exactly what I would tell my kids, that is if they care to ask.