Main Factors Of Entrepreneurial Failure

Is there any company that is doomed to fail from the beginning?

Yes, because these companies are built on a solid foundation.

The following 10 reasons for the failure of the company, if unavoidable, do not start the company.

If you only need to be safe and secure, continue to do your work and stop thinking about starting a company.

Two, mix interest and expertise. If you just like driving or reading, it doesn't mean that you must open a car repair shop or bookstore. Interest is just the first step for you to start a company.

If you want to succeed, there are still many things you need to do. You have to master all the procedures for starting a company.

Three, are not good at dealing with messy scenes. Every company is chaotic at the beginning of its establishment. There are many accidents happening every day. You are not sure about anything. Things are not as developed as people expected. To cope with the constant changes, people need strong abilities.

Four, lack of funds, generally speaking, every company should prepare a fund that can last half a year in the bank. It is far from enough to rely on enthusiasm and sympathy. The shortage of funds can easily drive you to a dead end.

Five, just tired of your current job, tired of the current work is often an important driving force for people to start a company, but that is a wrong reason. Enthusiasm can at best serve as a lubricant for the car you run.

Six, think that you have a brand new creativity. This is probably a dangerous idea.

It is not impossible to invent a unique product or service, but in most cases, you should know that you are only improving the existing product or service.

Seven, your family is putting pressure on you. There are many family business owners who urge their next generation to start their own businesses, but family pressure is a wrong driving force.

Unless you really want to do it and are willing to devote yourself to it, you don't need to pay attention to the pressure from outside, you know, the real motivation comes from the bottom of your heart.

Eight, it is absolutely not a reason to start a new company. It is true that some things in the business process are fun, but at the beginning of their founding, fatigue, stress and fear are far greater than fun.

Nine, just don't want to obey orders. You don't have to report directly to your superiors, but you have to report to many other people, such as distributors, suppliers and investors, which is not your boss's boss: customers.

Ten, only to earn a lot of money is not to say that making money is not important, but to make money as the purpose is wrong.

Successful entrepreneurs will tell you that money is only a reward for your particular product or service.

Loving your product or service and adapting to market demand should be your most important motivation.