What Are The Common Risks Of College Students' Entrepreneurship?

The entrepreneurial trend swept the land of Shenzhou and set off a shock in the quiet campus.

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Entrepreneurs should seriously analyze what risks they may encounter in their entrepreneurial process, which are controllable and which are not controllable and which are to be avoided and what are fatal or not manageable.

Once these risks arise, how should you deal with them and resolve them?

It is especially important to understand what the greatest risk is, how much the biggest loss may be, and whether or not it can afford to ride out the storm.

The risks of College Students' Entrepreneurship mainly include the following seven aspects.

Management risk

The failure of entrepreneurs is basically a matter of management, including: arbitrary decisions, inaccessible information, unclear ideas, worries about gains and losses, improper use of personnel, neglect of innovation, quick success and instant benefit, blindly following the trend, weak will and so on.

In particular, the lack of knowledge, lack of experience, financial strength and psychological quality of college students will increase the risk of management.

Capital risk

Capital risk will always be accompanied by entrepreneurs in the early stage of entrepreneurship.

Whether there is enough capital to start an enterprise is the first problem for entrepreneurs.

When an enterprise is established, it must consider whether there is enough capital to support the daily operation of an enterprise.

For startups, if the cash flow is interrupted for several consecutive months or because of other reasons, it will pose a great threat to enterprises.

Quite a lot of enterprises will have to close down due to the shortage of funds and seriously affecting the expansion of business and even missing business opportunities.

Competitive risk

Finding blue ocean is a good start for entrepreneurship, but not all new ventures can find blue ocean.

Moreover, the blue ocean is only temporary, so competition is inevitable.

How to face competition is a matter for every enterprise to consider at any time, especially for new ventures.

If the industry chosen by entrepreneurs is a highly competitive field, it is very likely to be strongly pushed out by peers at the beginning of their business.

In order to swallow or crush small businesses, some large enterprises often use low price sales.

For large enterprises, due to scale efficiency or strength, short term price cuts will not cause fatal harm to them, but for start-ups, it may mean the danger of total destruction.

Therefore, considering how to deal with the brutal competition from peers is a necessary preparation for the survival of entrepreneurial enterprises.

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Risk of team differences

Modern enterprises pay more and more attention to team strength.

The most important source of power for start-ups in their birth or growth is entrepreneurial teams. A good entrepreneurial team can make start-ups develop rapidly.

But at the same time, the risk lies in it. The greater the strength of the team, the greater the risk.

Once the core members of the entrepreneurial team do not agree on certain issues, they are likely to have a strong impact on the enterprise.

In fact, teamwork is not easy.

Especially when it comes to equity and interest, many of our buddy partners will be in a bad mood.

The risk of lacking core competitiveness

For entrepreneurs who have long-term development goals, their goal is to continuously expand their enterprises. Therefore, whether enterprises have their own core competitiveness is the most important risk.

An enterprise that relies on others' products or markets to fight the world will never grow into an excellent enterprise.

Core competitiveness may not be the most important issue at the beginning of entrepreneurship, but it is the most important problem to seek long-term development.

Enterprises without core competitiveness will be eliminated after all.

Risk of human resource loss

Some R & D, production or business enterprises need to face the market, and a large number of high-quality professionals or business teams are the important foundation for the growth of such enterprises.

To prevent the loss of professional talents and business backbone should be a problem that entrepreneurs always pay attention to. In those enterprises that rely on a certain technology or patent business, the loss of business backbone who owns or master this key technology is the main source of venture failure.

Perceived risk

Perceived risk is the most inherent risk of entrepreneurial teams.

This risk comes from invisible but powerful destructive power.

The bigger risks are: speculative mentality, fluke psychology, trial mentality, over reliance on others and return to the original mentality.

Finally, it reminds us that the obstacles encountered in the process of College Students' entrepreneurship are not only those seven points, but also in the course of the development of enterprises.

Keep a positive attitude, learn more and learn more.