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The Heart of Business Education

Excerpt from a speech on working for yourself versus working for someone else by Digital founder Kenneth Olsen.
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"I used to tell people, 'Don't start your own business until you first learn to work for someone else.'...Now I say just the opposite. There are many things in business you can't learn until you run a small business....

"The reason...is that knowledge in one's mind is not knowledge in one's heart....Knowing what cash is, and what it means to be short of cash, is something you never learn on paper, you never learn at a big company.

"I saw a number of my friends at Digital be told to leave their jobs. This worried me a lot because they were good people. To my surprise, after they went into business, they were completely different human beings. Learning how things fit together, learning the whole story of business, learning the things they never could [learn] in a big company changed their personalities and made them much more pleasant, interesting people...."

-- From a speech by Kenneth H. Olsen, founder of Digital Equipment Corp.

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Last updated: Oct 1, 1993




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