How can we succeed in starting a business?

Many aspiring young people hope to succeed in their careers by starting their own businesses, but after all, successful entrepreneurs are few. Every year, at least 50% of newly established enterprises close down within half a year. The main reason for bankruptcy is that they have not mastered the basic laws of starting a business. The author started his business at the age of 25, and he failed at least five or six times in more than ten years before he succeeded in starting his business today. In the nearly ten years of entrepreneurial experience, there are many successful or failed experiences. I often think that if I can learn more from the successful experience of my predecessors at the beginning of my business, I may have greater achievements than today. Some entrepreneurial experiences I have summarized may be a good reference for more friends to start businesses.

First, entrepreneurship should have sufficient resources.

Many people are very short of resources when they start their first business. The lack of resources reduces the probability of success in starting a business, but it is impossible to have completely sufficient resources. Generally speaking, two conditions need to be met in terms of resources: one is to have the least resources to enter an industry, and the other is to have different resources. If none of the conditions are met, there is little possibility of success in starting a business.

Entrepreneurial resource conditions mainly include several aspects:

Commercial resources: what is the mode of making money;

Customer resources: who will buy;

Technical resources: how to win the trust of customers?

Managing resources: how to operate;

Financial resources: whether there are enough start-up funds;

Industry experience resources: the accumulation of information and common sense in this industry;

Industry access conditions: some industries are protected and restricted by some policies and need to enter the qualification conditions;

Human resource conditions: whether there are suitable professionals.

Entrepreneurs with the above resources do not need to have 100%, but they must have at least some important conditions, and other conditions can be obtained through marketization. If entrepreneurs have enough financial resources, the shortage of other resources can also be made up; If there are enough customer resources, the lack of other resources is easy to change.

The conditions for starting a business are: sufficient funds? Industry experience? Customer resources? Technological innovation? Business operation ability? Are there any obvious advantages compared with the upcoming competitors?

Second, think twice before starting a business.

Before starting a business, you should think carefully, evaluate repeatedly, and consider maturity before acting. Besides adequate resources, psychological preparation is the most important. The following aspects are worth considering.

1. Why should I start a business? Are you determined enough to take risks? Are you willing to give up your past interests?

Second, do I have the abilities and qualities that entrepreneurs should have, can I withstand setbacks, have comprehensive qualities, or have special technical expertise?

3. What are the core resource advantages of my entrepreneurial success? What I have is: sufficient capital? Industry experience? Customer resources? Technological innovation? Business operation ability? Are there any obvious advantages compared with the upcoming competitors?

Fourth, do you have enough patience and endurance to get through the start-up period? Estimate how long it will take you to get through the start-up bottleneck stage and how long you have to prepare.

Fifth, what is the biggest risk of starting a business, what is the worst result, and can I bear it? Don't just think of the optimistic side, you must be fully prepared for the risks, otherwise, your confidence will be shaken when the actual situation is different from your imagination.

Answer the above questions clearly before deciding whether to start a business. Many entrepreneurs fail because they have not made enough psychological preparation before starting a business. They rushed to start a business and finally failed in a big mess. If they are not prepared enough and the conditions are not available, it is not too late to start a business again.

Third, start a business before starting a business.

Enter the industry to work for others, and accumulate experience and resources through work experience. Then the "tuition fee" will naturally be paid by other bosses.

Many people start businesses under the pressure of survival, hoping to earn more money and live a better life. So at the beginning of starting a business, there was no career, and the choice of starting a business was blind. Starting a business for the sake of starting a business, before starting a business, what industry to enter and what profit model to adopt are all at a loss. Many entrepreneurs register their companies with their business scope in mind.

Before starting a business, entrepreneurs must have a clear entrepreneurial direction before deciding to start a business. If you choose an industry, you must accumulate some experience in this industry and collect relevant information before starting a business. If possible, you can first consider entering this industry to work for others and accumulate experience and resources through work experience. Then the "tuition" will naturally be paid by other bosses, so you don't have to pay the tuition in your own entrepreneurial time. You have industry knowledge, customer resource channels and profit model. If you start a business again, success is just around the corner.

Fourth, business ability is the most important.

The ability to make money is the most important thing. As long as you have excellent management skills, you will naturally find investors. Many investors are looking for good project investment every day.

Many young people put too much emphasis on the influence of financial factors when starting a business. Actually, it's not. Although capital is very important in the conditions of starting a business, it is not the most important. The most important thing is the entrepreneur's personal business ability, especially business ability. If capital is the fundamental factor, well, I will give you an investment of100000. What do you run and what can you guarantee to make money? I think, I'm afraid many people can't guarantee and don't know what to invest, so financial factors are not unique.

The ability to make money is the most important thing. As long as you have excellent management skills, you will naturally find investors. Many investors are looking for good project investment every day.

In the early days of starting a business, the ability of entrepreneurs is very important, and every detail must be done by yourself. Starting a business is not an easy task. Among the personal abilities of entrepreneurs, business ability, customer development ability and comprehensive contingency ability are very important. In fact, entrepreneurs are often business managers, and it is easy to get orders. Many successful entrepreneurs come from the business world. With customers and orders, natural things become easy.

The author's personal entrepreneurial success is also based on his professional accumulation in the past ten years. When the business ability is cultivated, success will naturally come.

For aspiring entrepreneurs, it is very important to constantly build their own business capabilities. It's a good idea to start by learning to do business. When you have the ability, there are naturally many opportunities to start a business, especially in today's era of making money by ability, business ability is the most important.

Fifth, it is easier to start a business internally.

Among entrepreneurs, there are several successful types, those who start their own businesses from scratch, those who cooperate with others in technology, and those who start their own businesses within enterprises. The author thinks that the third way of starting a business is the easiest to succeed.

A better choice for an entrepreneur is to enter a successful company in a planned and strategic way, gain the trust of the boss first, and then look for suitable opportunities. It is suggested that the boss invest in new projects from the perspective of company development, so that there will be opportunities for entrepreneurship. As the initiator of the project, he will naturally be entrusted with an important task by the boss. Many enterprises will need to develop new projects. If they venture to find someone to invest, there won't be many opportunities for cooperation. The key is the question of trust. Why should people who meet by chance trust them? Domestic enterprises are weak in management and control, and enterprises value loyalty over ability.

Starting a business from within an enterprise has many advantages: strong capital strength support, management guidance, enjoyment of comprehensive resources, utilization of business resources, and help of brand image. If the business of a startup company is continuous or related to the parent company, it is easier to succeed.

When I started my business in my twenties, I made a good project plan without funds. I looked for investment partners everywhere, but it was hard to find them. Later, I changed my strategy and went to work in a powerful company, winning the trust of my boss and finding the right opportunity to support me. Later, I started my business from within the enterprise.