Five Risks For College Students To Start Their Businesses

Entrepreneurship is an opportunity for college students, but there are also many risks.

Whether college students have the ability of risk awareness and risk aversion will directly affect the success or failure of entrepreneurship.

To sum up the entrepreneurial experience of the surrounding people, there are five risks that college students need to avoid in their entrepreneurial process.

Risk 1: project choice is too blind. At present, the choice of College Students' entrepreneurship projects focuses on high-tech and intellectual services, such as software development, network services, tutoring agencies, design studios, etc.

In addition, fast-food chains and retail chains are also popular among college students.

However, college students often do not understand the market. Most of them decide their investment direction based on their interests and imagination.

In the early stage of entrepreneurship, college graduates must make good market research, and can also entrust professional organizations to carry out feasibility studies and start businesses on the basis of understanding the market.

Generally speaking, the financial strength of college students entrepreneurs is weak, so it is more appropriate to start small businesses from projects with little start-up capital and low staffing requirements.

Risk two: the lack of entrepreneurial skills. Many entrepreneurs have high expectations. They do not know the relevant policies and regulations of entrepreneurship, nor do they have any experience or experience in related enterprises. They lack the ability and experience, but their expectations for entrepreneurship are very high.

It is suggested that risk prevention can only be done by itself.

On the one hand, go to the enterprise to work or practice, accumulate relevant management and marketing experience; on the other hand, actively participate in entrepreneurship training, accumulate entrepreneurial knowledge, receive professional guidance, and improve the success rate of entrepreneurship.

The risk is three: financing channels are single, funds are hard to raise, and almost every college student creates difficulties.

Bank loan application is difficult and complicated. If there is no wider financing channel, the business plan can only be a mere empty talk.

It is recommended that the wide open channels, in addition to traditional ways such as bank loans, self financing and private lending, can also make full use of venture capital, angel investment and venture capital financing channels.

The risk is four: the poor social resources. Because of the long standing in the campus, the social resources that college students master is very limited, and enterprises need to mobilize social resources in the fields of enterprise creation, market development, product promotion and so on.

I suggest that you should take part in various social activities and expand the scope of your interpersonal communication.

Before starting a business, you can work in related industries for a period of time. Through this platform, you can accumulate contacts for your future business.

Risk five: the management is too casual. Because of the long-term acceptance of exam oriented education and unfamiliarity with the "rules of the game", some college entrepreneurs are outstanding in technology, but their abilities in financial management, marketing, communication and management are generally inadequate.

In order to succeed in business, college students entrepreneurs must grasp both technology and management and formulate a scientific and standardized management system.

Starting from partnership ventures, family businesses or low cost virtual shops, they can exercise entrepreneurial capabilities and hire professional managers to take charge of the daily operation of enterprises.