The Key Details Of Starting A Business From Scratch

What do we need to start from scratch? Ideals, markets, resources, or unknown key points?

The so-called "self-made" is a hard fought war faced by entrepreneurs who use their limited resources and spontaneously take advantage of market opportunities. Compared with our parents, we are fortunate to live in a time of opportunity. China's economic development over the past 20 years has gone through 50 or 100 years of industrialization in the West. It has also created many entrepreneurial opportunities for many people.

Once upon a time, no matter whether a piece of cloth or a kilogram of meat had to be supplied in a limited way, it was gradually pformed from a country with extremely poor material resources to a new market with abundant supply of products and full market competition. Some people had grasped market opportunities well and started their own business territory from scratch.

China has become a paradise for ambitious people to start from scratch.

The first prerequisite for the successful development of enterprises is market opportunities. The first step of success is to objectively assess and accurately judge market opportunities.

This includes collecting the following information: (1) market size data; (2) growth potential; (3) driving factors; (4) gross margin status; (5) sustainability; (6) competitor analysis.

If an enterprise wants to grow at an unconventional pace, it must first choose a fast growing market, select a life cycle industry at a high speed growth stage, and prepare for it at the speed of developing beyond the market.

Most successful entrepreneurs who are envious of the world are actually suffering from hardships.

Their history of entrepreneurship has certain commonalities, and their experience and lessons are of great guiding value to entrepreneurs.

The everlasting success of the evergreen industry needs basically the following elements: entrepreneurs need to have the industrial ideals, passion and leadership skills, and have the ability to create higher value of the team than independent individuals; entrepreneurs need to set up a challenging but feasible vision for the enterprise; they must be able to agglomerate and motivate a group of outstanding and responsible teams; they should give the team enough space to perform their talents; the products and services provided by the enterprises must meet certain specific needs of the market and society, and successfully form the impression of value for money in the minds of the customers; the synergy between the enterprises and employees must be enough to make products and services obviously superior to other products and services that customers can choose. Start from scratch and create one.

From the above points, we can see that creating a successful and excellent enterprise is absolutely a complex and arduous systematic project.

Some of the points mentioned in this article are based on the hypothesis of the establishment of an outstanding enterprise.

There are some misunderstandings in the understanding of entrepreneurship nowadays: many people have misconceptions about entrepreneurship: first, the goal of starting a business is to get rich overnight. The story of getting rich overnight is constantly circulating. Bookstores are also full of successful entrepreneurs who seize the opportunity to get rich and analyze the case and how to teach people how to get rich in a short time.

But many people do not know how many hardships and twists that successful people have gone through before they succeed. What is the key to their success?

Many people like reading biographies of successful celebrities, hoping to get nourishment from their experience. But when Yang Bin and Zhou justice tell their success stories, who will think of stories that are completely different versions.

The so-called successful enterprises and successful entrepreneurs are often two different things about their own experience and reality. Autobiography is full of hype and propaganda ingredients.

Therefore, readers who are fully collected will often be misled.

In fact, because of the great risk, entrepreneurship is not the right path for everyone to choose.

According to statistics, there are about 200 new ventures in the United States every year, of which 700 thousand are successful in completing registration. There may be opportunities for growth. Successful registered companies only survive 50% years after eight years.

It is an arduous journey to start a business. The difficulties faced by enterprises at the beginning stage are often affected by the personal and family life of the entrepreneurs. The financial burden is enormous. In case of failure, a series of sequelae must be borne by failure.

So in fact, the so-called "self-made" is a hard fought war faced by entrepreneurs who use their limited resources to make full use of market opportunities to develop their businesses.

This hard fought battle can bring wealth, but there are many things that follow in the process of implementation, including psychological stress, anxiety, frustration, joy, helplessness, success satisfaction, pain at the cost, etc. sour, sweet, bitter and spicy are the course that every entrepreneur must go through, so some people find that they prefer to pursue a more ordinary and stable life.

Misconception: Two: entrepreneurs are people who like to gamble. In fact, entrepreneurs must be more risk conscious than anyone. They are willing to take risks but take risks that are carefully calculated and effectively controlled. After all, failure will cost them a heavy price, so they need to collect and filter enough data and facts to support their rational decisions through rigorous calculation risk.

Of course, courage is very important for people who start from scratch. It is impossible to know how to swim in the sea or to prove their true ability without going to sea.

Misunderstanding three: capital is the only resource needed to start a business. Capital is not the only resource that is needed. For some industries, it is not even the most important resource. The market is flooded with lack of funds for the way out. What is missing is the effective use of their company and business leaders.

People who start from scratch often lack the support of resources. Funds are only part of this resource. Others include the following resources: customer base; supplier support; capable staff and team support; brand and reputation; technology and service support system; production process flow.

Entrepreneurs should learn how to operate under very limited resources before they start a business, and make adequate preparations and accumulation early.

One of the best ways is to simulate as much as possible in the current work before adapting to the future, so that we can adapt ourselves to the similar environment that we need to face in the future. The accumulation of these resources needs a process. The maturity of entrepreneurs needs to pay a price. Everyone's growth needs to pay tuition fees.

These costs are usually paid, so if you don't pay enough tuition before the start of your business (similar lessons learned in your work and the insights you get from them), you will probably get a start in the early stages of your business, or you will probably have a preliminary success in Waterloo.

Misunderstanding four: money is the sole goal of entrepreneurs. People who start from scratch are those who possess certain values. First of all, they have the values of entrepreneurs. They are idealists and realists.

The way entrepreneurs achieve their self-worth is by finding a specific opportunity in the market, then building an organization to achieve it, and by introducing new products and services to meet the specific needs of the society or the market.

They are a group of people who are unwilling to be ordinary and willing to pay for their pursuit of ideals. The ideal is not money itself, but because entrepreneurs are engaged in business activities, money is their pcript and milestone.

Money is not the sole goal of an enterprise. It is difficult for enterprises to simply pursue profits, especially short-term profits.

Misunderstanding five: pursuit of short-term success, quick money, success and failure requires success in time, geography, people and luck.

Don't underestimate luck. If fortune is not good enough, a good entrepreneur must also struggle with difficulties.

The road of entrepreneurship is like walking a dark tunnel. It will be dark before seeing the dawn.

It is an important factor in determining success or failure to see the psychological endurance before and after the light.

The real entrepreneurial story is not smooth sailing. You must accumulate enough resources before you start your business, so that you can succeed to that day.

Many people complain about being tied up by the contributions of their houses and cars, and the family can not afford the risk of starting a business.

In fact, when buying a car and buying a house, you should consider the impact on the future. Starting a business is a life goal that should be considered very early. Other family decisions should match it. Entrepreneurship is a systematic project.

There are too many topics on entrepreneurship.

In the United States, entrepreneurship is a discipline in business management. It can take a bachelor's degree and a master's degree. This shows that starting from scratch is a science, which can improve success rate through effective planning and training.

Here are some of the entrepreneurial ideas summed up by some self-made entrepreneurs.

The insight of insight is sometimes natural, but more developed.

Most great leaders have sharp eyes.

Before the success of an enterprise, people around it or even employees do not understand it. Perhaps the most important reason is that other people often fail or unwilling to invest the same time and pay the same price to understand things and truths that others can not see.

Entrepreneurship is a sacrifice, because entrepreneurs must abandon some things in exchange for the realization of long-term goals.

About 20 years ago, Steven Jobs, Apple's current president, realized that their personal computers assembled in the garage would change the world, Jobs said.

He gave up his college career to pursue his dream, thus creating the global personal computer industry and the second largest computer company in the world. After the success of apple computer, Jobs was forced to sell shares to leave Apple due to clashes with the board of directors in the vision of the company's development. But he did not give up his vision, and supported himself for ten years with his own strength. He spent almost all his savings. At last, he created a series of new computer technology platforms and business models, and succeeded in saving the apple computer which was on the verge of bankruptcy in ten years.

Although Jobs is not the most successful entrepreneur, he is the most insightful entrepreneur in the world.

The concept of "stakeholders" in enterprise management refers to that if enterprises want to survive and develop for a long time, they must fully take care of and consider the interests of customers, employees, governments, suppliers, shareholders and other stakeholders, which is an integral part of society.

Their strength is a strong sense of responsibility and mission. Outstanding leaders are often visionary. They can foresee the trend of market and things development very early, and prepare and accumulate very early.

It is very important for us to seize opportunities and seize opportunities. Any success can not be separated from opportunities. Therefore, we should make preparations as early as possible when opportunities do not come.

British Prime Minister Churchill once said: "everyone will have one or more opportunities that he dreamed of coming into his life, but sadly, when this opportunity comes, you find yourself unable to catch him."

Just like athletes on the field, people only know their glory and brilliance in the moment of winning the championship, but ignore the countless hard training in the field.

The hardest part is to make the first pot of gold from scratch. The hardest part is to earn the first barrel of gold and complete the primitive capital accumulation.

The difficulty of earning the first pot of gold lies in two aspects: (1) if the enterprise can accomplish the accumulation of the original capital, it shows that the business mode and operation system of the enterprise have been tested by the market and begun to mature, so it is rather difficult to reach this level; (2) in the absence of sufficient capital support, the development of the enterprise is much more difficult than the former, because it requires enterprises to do well in all aspects.

In fact, many self startups have been more or less dependent on the special resources of marriage and family.

To make good use of your resources to make it your business is a shortcut to success.

In recent years, a group of professional managers who have been baptized by the modern enterprise system and corporate culture have embarked on the road of entrepreneurship because of different opportunities and motives.

The success rate of professional managers who have been trained and nurtured by foreign-funded enterprises is not high. They can really expand their horizons and create a lot of fields. Most of them are re professional managers after setbacks.

Although professional managers have received a complete training in enterprise management, their knowledge and experience are indispensable for entrepreneurs. But professional managers and entrepreneurs are originally two kinds of different values. (especially in China, because the whole society advocates entrepreneurial culture, this difference will be smaller). Professional managers are more inclined to function as good housekeepers as a part of enterprises, but entrepreneurs tend to open up new fields.