Entrepreneurs Need To Start Low And Aim High.

Zhang Tingting, general manager of Taiwan SOHO business management consultant, said that many white-collar workers were forced to start business when they were caught off guard.

The fog area is the area you think you see clearly, but the fog has not been pushed aside. What fog areas should entrepreneurs avoid?

Start low and aim high

Nowadays young people often choose to start a business with a low threshold. "Starting a business low is OK, but your vision and ambition are high." The chairman of Taiwan medical equipment business and chairman of the association of young entrepreneurs, Zhu Youyi, senior advisor of youth entrepreneurship Association, pointed out that young people nowadays lack depth and vision in their businesses, and there is a big difference between creating an enterprise and opening a small shop and stall. "To create a career, please study the global market first, instead of going to the night market."

Careful assessment of "three books"

Zhu Canran, general manager of Taiwan talent management consulting company, believes that after deciding to start a business, entrepreneurs must do a series of homework, such as selecting industries, knowing their abilities and interests. Gui Shiping, Secretary General of the enterprise lecturers Association, said that people who slept up to three days wanted to open breakfast shops, but those who did not pay attention to dressing wanted to sell fashionable ornaments. These entrepreneurs are doomed to failure.

Wang Qintang, CEO, Harvard Health Center in Taiwan, pointed out that entrepreneurship has "three books" - capital, instinct, and skills. Young people choose low tech fields because they have low requirements for capital and lack of consideration for the two elements of instinct and ability.

"If you choose a job that you are not interested in, you will give up faster than others. If you are interested, you will persist even if you encounter difficulties. Entrepreneurship is most afraid of going with the tide and knowing what you like is the best way to start! "Said Xie Yousheng, founder of Taiwan fashion website FashionGuide.

Do capital planning and set "stop point"

In the "three books" of entrepreneurship, "capital" is one of the most easily misjudged entrepreneurs, requiring careful financial planning and risk assessment. Qiu Jianhua, director of Taiwan's "startups" magazine, said that entrepreneurs should reserve 3 months to half a year's turnover fund in addition to the cost of decoration, purchase, store rental, and so on, so that they can survive the starting period without any income.

"If the capital is exhausted, if it does not reach 7 of the profit and loss balance, it should be closed," said Zhu Yi, a senior consultant of the youth entrepreneurship Association. Assuming that the monthly revenue of 1 million yuan can make the profit and loss balance, if the revenue has already been 700 thousand yuan, "it means that we can only balance the profits and losses at the same time. We can lend money to support it!" or we will get away quickly.

Entrepreneurs must make capital planning, control risks and set up stop points, even if they fail to start businesses.

Put down the headmaster and the crash bell.

Many entrepreneurs can only choose "micro entrepreneurship" because of limited funds and so on. Zhang Tingting, general manager of SOHO venture management consultant, thinks that people who choose "micro entrepreneurs" must lay down their positions. "Headmasters and clocking bells" do not have to be proficient in everything, but they all need to know something about fur.

Zhang Tingting said that a senior executive of a big company was laid off last year, choosing "micro entrepreneurship" but reluctant to command the general officers. The small business employed 10 employees, and the funds ran out quickly. The little boss asked Zhang Tingting to recommend part-time planners. "I recommend it at once. It's you! You have to learn!" Zhang Tingting let the entrepreneur know the reality.

Signing an investment agreement with a partnership

Entrepreneurs with insufficient funds tend to venture together. Zhang Tingting emphasized that the values of partners should be consistent. "Professional, personality and role should be complementary to each other. Otherwise, partnership entrepreneurship will be a disaster."

Zhu Yi, senior consultant of youth entrepreneurship Association, suggested that partners should sign investment agreements to determine their rights and obligations. For example, it can be stated in the agreement that a company shall not employ any shareholder's relatives or shareholders as suppliers of the company. In addition, when you start a business, you have the money to make money and make a lot of effort. The money you earn is only an investor. It is easy to cause investment and business team confrontation. "When a company starts to make money, it is often time to split up. It will take a long time to gain profits and share partnership."