Motivations for Starting a Business
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Work Options for Life Scientists Include Entrepreneurship
Starting a business is a potentially exciting and rewarding career choice alternative for life scientists instead of working in an academic setting or for others in an industry job. Few tenure-track university positions are available, and only a minority of scientists hired achieve tenure (Wosen, 2022; Boone, 2022). Drawbacks of some industry jobs include pressure to achieve high quotas, repetitious work, and not being able to follow your own vision. Keep in mind that you have a third option of starting a business.
Many scientists find startups to be a rewarding career path although it typically involves a lot of hard work, especially at the outset. They describe an exciting work environment—from working closely with a team that feels passionate about the work and from making a difference in people’s lives through their discoveries. Other advantages include the potential for. . .
- More autonomy in decision-making
- Your ideas having more impact
- Higher income eventually
Steps to a Startup will help you explore the possibilities!
Wosen J. ‘The tipping point is coming’: Unprecedented exodus of young life scientists is shaking up academia. STAT. November 10, 2022.
When thinking about your career goals, consider what impacts you would like your work to have.
Take advantage of the many opportunities available to women-owned businesses, such as government contract money set aside for businesses owned by women, tax incentives, loan guarantees, and training and mentoring opportunities.