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    Several Problems That Can Not Be Avoided In Starting An Undertaking

    2010/10/9 15:37:00 45

    Entrepreneurship Problem

    Every day

    Countless

    People dream of starting a business. Every year, many companies and businesses are springing up. However, there are few successful entrepreneurs.

    fail

    Most of them were born in some cradles.

    Why is entrepreneurship so difficult? For any entrepreneur, the three question that must be faced is: what is my goal? Is my strategy right? Do I have the ability to implement these strategies? Each of them contains several minor problems.


    First of all, there is an inextricably linked relationship between an entrepreneur's personal goals and the goals of his business. Therefore, entrepreneurs must be clear about their personal goals before determining their goals.

    If entrepreneurs stop to think about it, most of them will be able to identify some very specific goals.

    For example, they may have a chance to test a new one.

    technology

    In order to pursue a lifestyle that you like, or to build a sustainable business.

    When entrepreneurs clarify their entrepreneurial goals, they have to answer these small questions: what kind of business do I need to build? What risks and sacrifices do they have to undertake? Can I accept that risk and sacrifice?


    Second, entrepreneurs must make the right strategy.

    The purpose of many entrepreneurs is to seize opportunities in a short term without considering long-term business strategy.

    For a new company, it is more important to work out a comprehensive strategy than to solve employment problems, design control systems, establish subordinate subordinates or identify the role of founders.

    To ensure the correctness of enterprise strategy, entrepreneurs should regularly make their strategies accept the following questions: is the company's strategy clear? Can this strategy bring considerable profits and growth of enterprises? Is this strategy sustainable? Is my development objective too conservative or too ambitious?


    Finally, the ability to implement well formulated strategies is perhaps the most difficult question for entrepreneurs to answer.

    Many new start-ups die young because entrepreneurs can't effectively implement their own strategy.

    Therefore, even if the entrepreneur has a perfect strategy, there is no guarantee that the enterprise will succeed.

    If they do not invest in recruiting, financing, organizing infrastructure, and cultivate organizational culture that is strategical, entrepreneurs will not succeed.

    To correctly evaluate their ability to implement strategies, entrepreneurs must evaluate them from three aspects: resources, organizational capabilities and personal roles: do I need resources and relationships? How powerful are the organizations? Can I be competent for my role?


    Entrepreneurs should also be vigilant in times of danger and have a strong sense of crisis.

    Therefore, as a qualified entrepreneur, they must constantly "charge", learn new skills and knowledge, and constantly ask themselves: where am I going? How can I get there?

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