Guide To Entrepreneurship: Five Basic Principles For Young People To Start Their Own Business

Many aspiring young people want to succeed in their careers through their own businesses, but few entrepreneurs succeed. At least 50% of new start-ups fail every year. The main reason for the failure is the failure to grasp the basic rules of entrepreneurship.

First, we must have enough resources to start businesses. Many people lack resources when they first start business.

Insufficient resources will reduce the probability of success, but it is impossible to have sufficient resources.

In terms of resources, generally speaking, we must meet two conditions: first, we must have the least resources to enter an industry, and the other is to have differentiated resources.

If all conditions are not available, the chances of success are small.

The resource conditions of venture capital include several aspects: business resources: the mode of making money; customer resources: who will buy; technology resources: how to win customers' trust?

The resources of management and management: how to manage the business; the financial resources of the financial resources: whether there is enough start-up capital; the resources of the industry experience: accumulation of information and common sense in the industry; the entry conditions of the industry: some industries are subject to some policy protection and restrictions, and need to enter qualification;

The above resources entrepreneurs do not need 100% of them, but at least they should have some important conditions. Other conditions can be obtained through marketization.

If an entrepreneur has enough financial resources, he can make up for the lack of other resources. If sufficient customer resources are available, the lack of other resources will also change easily.

The conditions for entrepreneurship are: enough capital?

Industry experience?

Customer resources?

Technological innovation?

Business operation capability?

Are there any obvious advantages compared with the competitors to be faced?

Two, before you start your business, think carefully. Before you start your business, you must think carefully, evaluate it repeatedly, consider mature and act again.

In addition to adequate resources preparation, psychological preparation is the most important.

The following aspects are worth considering.

Why do I want to start a business?

Are you determined enough to take risks?

Are the interests of the past willing to give up?

Second, do I have the ability and quality of entrepreneurs, whether they can withstand setbacks, whether they have comprehensive quality or special technical expertise?

Third, what is the core resource advantage of my entrepreneurial success?

My condition is: enough capital?

Industry experience?

Customer resources?

Technological innovation?

Business operation capability?

Are there any obvious advantages compared with the competitors to be faced?

Fourth, do you have enough patience and stamina to spend the start-up period? How long do you plan to go through the bottleneck stage?

Fifth, what is the biggest risk of starting a business? What is the worst result? Can I bear it?

Don't just think about the optimistic side. You must be psychologically prepared for the risk. Otherwise, once the reality and imagination are different, confidence will be shaken.

After answering the above questions, we will decide whether to start a business or not.

Many entrepreneurs fail because they are not prepared mentally enough before starting a business, and are rushing to start their own businesses. In the end, they fail in a mess. If they are not prepared enough, the conditions will not be enough.

Three, first of all, start business, then enter the industry to work for others, accumulate experience and resources through the experience of working.

Then tuition fees are naturally paid by other bosses.

Many people start their own businesses under the pressure of survival. They hope to earn more money and lead a better life.

Therefore, at the beginning of the business, it is indifferent to the cause. The entrepreneurial choice is very blind. It is a business to start a business. Before entering the industry, what kind of industry will enter and what will be the profit model?

Many entrepreneurs first register the company, then consider the scope of business.

Before starting a business, entrepreneurs must have a clear direction for entrepreneurship and decide to start a business.

If you choose an industry, you must accumulate some experience in the industry before you start your business, and collect relevant information. If possible, you can first consider entering the industry to work for others, and accumulate experience and resources through the experience of working.

Then the tuition fee is paid by other bosses, and you don't need to start your own business to pay tuition fees. The industry knowledge, customer resources channels, and profit models are all available.

Four, business ability is the most important. The ability to make money is the most important. If you have a very good business capability, you will find investors. Many investors are looking for good investments every day.

Many young people start to emphasize the influence of financial factors when they start their own businesses. In fact, though funds are very important in entrepreneurial conditions, the most important thing is the business ability of entrepreneurs, especially their professional capabilities.

If money is a fundamental factor, well, I will invest 10 million of what you do. What do you have to make sure that you make money?

I think many people are afraid that they can not guarantee and do not know what to invest, so the fund factor is not the only one.

The ability to make money is the most important. If you have a very good business capability, you will naturally find investors. Many investors are looking for good investments every day.

In the early stage of entrepreneurship, entrepreneurs' personal ability is very important. They must do their own things in a small way. Starting a business is not a very easy thing.

In the entrepreneur's personal ability, the professional ability, the ability to develop customers and the comprehensive ability to respond are very important.

In fact, entrepreneurs are often a business manager who can do everything well if they can get the order.

Many successful entrepreneurs are born in business.

With customers and orders, things become easier.

For the aspiring entrepreneurs, it is very important for them to constantly build their own business capability.

Learning from business is a good way to start business. When capacity is available, entrepreneurial opportunities are naturally many. Especially today, when entering the era of earning money by ability, business capability is the most important.

Five, internal entrepreneurship is easier to achieve. There are several successful types among entrepreneurs. They are independent entrepreneurs who start from scratch, have successful cooperation with others, and succeed in business ventures.

A better choice for an entrepreneur is to plan [FS:PAGE] strategy and enter a successful company. First get the trust of the boss, then look for the right opportunity to suggest that the boss invest in new projects from the perspective of company development, so that the opportunity to start a business is available. As the proponent of the project, it will naturally be entrusted to the boss by the boss.

Many enterprises will have the need to develop new projects. If they venture to invest in people, there will not be many opportunities for cooperation. The key is a sense of trust. Why do people trust each other?

Domestic enterprises are weak in management control. When they employ people, they even care more about their loyalty than their ability.

There are many advantages for enterprises to start their own businesses: strong capital strength support, management guidance, comprehensive resource sharing, business resource utilization, brand image aid, etc. if the business of the start-up company has continuity or relevance with the business of the parent company, it will be easier to succeed.

When I was more than 20 years old when I started my business, there was no money, so I did a good project plan.

Looking for investment partners everywhere, but it is difficult to find. Later, I changed strategies, advanced a strong company to work, won the trust of the boss, find the opportunity to support.