The first element: funds.
It is only natural to make profits from this. You cannot make a silk purse out of a sow's ear. Entrepreneurship must have capital. Capital is the necessary foundation and the first element of entrepreneurial success.
It can't be said that money makes the mare go, but it's true that a penny is worth a penny. The so-called capital-free operation only means that you have no money or don't want to pay. Doesn't mean you can succeed in starting a business without money. You can take advantage of your advantages and use all means to raise money. Therefore, no matter who invests in venture capital, there must be funds.
The second element: resources.
Capital is also an important resource, but besides capital, there are some available resources: tangible assets and intangible assets, which are all kinds of resources that can be used without ownership, such as houses, equipment, processes, patents, formulas, technical know-how, registered trademarks, brands, copyrights, etc. , and other unique commercial resources.
The third element: connections.
The relationship between people is complex, simple and simple, and it is a trusting and exchangeable interpersonal relationship. To put it bluntly, it is a mutual exchange relationship, but the value exchange based on trust relationship is not an equivalent exchange or instant exchange relationship of barter exchange.
Just as we pay taxes as taxpayers, and the government exercises certain disposal rights on behalf of the state and provides various public services needed by society, we also have an exchange relationship with the government.
The fourth element: thinking.
Everyone thinks, but not everyone has the idea of starting a business. The ideas here include the operation and management of entrepreneurship, and only one idea and creativity can not succeed in entrepreneurship. All roads lead to Rome. Thinking is not only the path and framework of entrepreneurship, but also the value direction and strategic goal of entrepreneurship, as well as the ways and means to achieve the goal.
It can be said that you can start a business with the four elements of entrepreneurship, and success depends on your choice. The so-called choice is included in the idea of starting a business, with the aim of maximizing the interests of entrepreneurs.
It can be said that many people can succeed in starting a business, but the benefits are not great. The reason is mostly in the choice. The choice is to foster strengths and avoid weaknesses and do something different. Therefore, the idea of starting a business cannot be understood in a simple sentence, and it must be analyzed in combination with its own conditions.