fbpx
Connect with us
Apply Now

Business

Entering The World Of Hybrid Entrepreneurship

American mythology is filled with stories of some of the greatest entrepreneurs the world has ever seen, from John D. Rockefeller to Elon Musk. What often gets lost in these tales is a very special kind of entrepreneur: the hybrid entrepreneurs such as Steve Wozniak, who founded Apple, Henry Ford, who founded Ford, and Sarah Blakely, founder of Spanx, all of whom founded their businesses while working a regular job.

Entrepreneurship is an engine of growth, jobs, and innovation, and yet, it is also an extremely risky undertaking. New businesses operating in traditional sectors have a failure rate of 20% within the first year, 30% in the second, 50% in the fifth and 70% in the 10th year of business. For innovative firms, or startups, that number is likely much higher, and in that decade-long span, could be as high or higher than 90%, with Startup Genome believing that just 1 in 12 entrepreneurs succeed.

So for people who already have jobs, becoming an entrepreneur may offer the promise of so much, but it is an extremely high risk endeavour. Indeed, success isn’t just a matter of being talented, getting funding, or having a great product. Without product-market fit, that is, a market that is hungry for your product, a startup can have a great product nobody wants.

It makes sense, then, to take a more conservative approach and, rather than quitting work to embark on an endeavour with a 70% plus risk of failure over a decade, starting a business while working. In this way, an entrepreneur can continue to earn an income while iterating their business and seeing if there are signs of life. At the point in which that business starts to earn more money than the day job, an entrepreneur can start to think about leaving their job.

Many hybrid entrepreneurs work nights and weekends, utilising the power of the internet to build their businesses from their homes, their favourite steak restaurant, or a park, while building skills that they would otherwise not have while working their day job. Being a hybrid entrepreneur also gives a person a sense of happiness that comes from injecting a passion project into their lives. Indeed, thanks to the internet, it is possible to build a business through niche services to just 1000 to even 100 true fans.

This conservative strategy means that the risk of failure doesn’t weigh heavily on you. Freed from fears of failure, an entrepreneur’s decision making will be smarter. Although it’s tempting to think that the smell of failure would inspire the best decisions, in reality, we require calm and serenity to think better. Furthermore, hybrid entrepreneurship also gives entrepreneurs a sense of freedom in their day jobs, because if things are going well, they know that they have a business to fall back on. If things don’t work out, that experience with entrepreneurship can still be leveraged to advance your corporate career, because the lessons of entrepreneurship can be used within a corporate setting. 

Continue Reading


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.