MIT Lecturer Bill Aulet Says The Only Way To Forge Your Own Path Is To Become An Entrepreneur

Image via CNBC video screenshot

It’s no surprise that the most recent crop of budding entrepreneurs is in their 20s to early 30s. And there are many reasons for this. The obvious one being, the younger an individual is, the less responsibility they have to outside obligations, such as a mortgage and family. Like Facebook founder Mark Zuckerberg, dorm room startups are prevalent because students are able to focus the majority of their attention on a single product or service. They have the resources and the time to see that idea from its conception stages to execution.

In an interview with Knoow.It TV, Bill Aulet, MIT lecturer and author of the upcoming book, “Disciplined Entrepreneurship: 24 Steps To A Successful Startup,” believes that the only way people can create their own destiny is by choosing to go down the entrepreneurial path.

You can create your own job,” he said. “You can work for the people and work with the people you really like and you can work on the problem you want. And you can go wherever you want in the world when you’re a great entrepreneur. You can create your own job as opposed to going to for someone else.”

In another interview with CNBC, he dispelled the myth that entrepreneurs are born entrepreneurs, saying that people can be taught how to become one.

The key thing is you can learn entrepreneurship,” he said. “It is something that you can be taught … we have looked for the entrepreneurship gene and there is no entrepreneurship gene. There is not.  It is disciplined execution that makes people successful entrepreneurs.”

People tend to hold people like Mark Zuckerberg and Steve Jobs high on the entrepreneurial totem pole, believing that they can emulate the type of success that they, and others like them, have had. But they are the exceptions to the rule. Aulet says that most people don’t even see success until their first venture has failed; the second try is usually the turnaround.

The outlier of Steve Jobs or Mark Zuckerberg is like saying, ‘Look at Lebron James. Everyone should be like Lebron James, go from high school to the pros.’ These are not — his is not the statistically valid set. Not the norm.”

And according to the author, entrepreneurship doesn’t just give an individual the ability to shape their own lives, but the lives of others.

Entrepreneurship is something that society needs because it solves the world’s most critical problems, such as clean energy, medical healthcare, jobs. Entrepreneurship is responsible for creating all the net new jobs in the U.S between 1980 and 2005. This came from new entrepreneurial companies that were embracing innovation.”