Entrepreneurship needs to avoid 10 Mistakes
in recent years, more and more entrepreneurs, but in reality, many entrepreneurs have ended in failure, many entrepreneurs want to be able to find the problem as soon as possible, to avoid missing. So, how can entrepreneurs improve the probability of success? What mistakes should be avoided? The following is a summary of 10 entrepreneurs need to avoid mistakes.
1, a small or non scalable creative. Investors tend to be biased against those who have a narrow set of potential customers. They prefer to face a company like Google, because everyone will appeal to Google’s products, and anyone can be satisfied. This is not a small business, is not a very narrow market.
2, the wrong market positioning. In many cases, entrepreneurs want to do what they think is a good idea, but they never take the time to properly study the market. For example, investors certainly do not want to invest in the same area of the top tenth companies, they prefer to invest in the first enterprise.
3, there is no marketing strategy can be implemented. Entrepreneurs are usually very focused on building their own products, because they are not thinking about how to market marketing strategy is not long enough. They do not realize that a clear and effective marketing concept can help them to raise more funds.
4, the business does not focus. If you can try to launch a variety of business alone, then do not only work on a single business. Don’t try to be applicable to all kinds of socket plug, or you will find yourself without originality in which business.
5, do not know when to stop. If you are trying to strive for the best, but no matter how hard you paddle, to ensure no delay. Entrepreneurs need to support their own business line where, whenever the need to ensure adequate funding and enough time to change the original plan. Hind leg
6, no passion and persistence. If an entrepreneur does not reveal the dedication and enthusiasm of their products, they will never really love their own start-up companies, will not always pay attention to the success or failure of entrepreneurship. You need to have a persistent spirit, no matter what obstacles encountered in the business, will not give up, but to find a viable solution.
7, lacking spirit of cooperation. The management team of the company should have the same entrepreneurial ideas as the founders, and should encourage 15% to 20% employees. Instill loyalty to them.
8, no revenue model. I understand that many startups may not have a specific daily income model. However, it is best to clear the realization of the income model. The model requires a lot of data gathering, make credible assumptions, so as to attract investors, so that they are excited, and to prove your current valuation.
9, lack of funds. First, the beginning of entrepreneurship