Entrepreneurship is a process in which entrepreneurs make efforts to optimize and integrate the resources they own or can own, thus creating greater economic or social value. Entrepreneurship is a way of working, which requires entrepreneurs to think, reason and judge by operating, organizing and using services, technologies and appliances. According to the definition of New Venture Creation, a classic textbook in the field of entrepreneurship education written by Jeffry A.Timmons, entrepreneurship is a way of thinking, reasoning and luck. It is driven by the opportunity brought by luck, which requires comprehensive consideration of methods and harmonious leadership.
Entrepreneurship, as a business field, is committed to understanding the opportunities for creating new things (new products, new markets, new production processes or raw materials and new methods for organizing existing technologies), how they appear and are discovered or created by specific individuals, how these people use various methods to utilize and develop them, and then produce various results.
Entrepreneurship means that a person discovers a business opportunity and takes practical actions to turn it into a specific social form, gain benefits and realize value.
Cole (1965) put forward the definition of entrepreneurship as the purposeful behavior of initiating, maintaining and developing profitable enterprises.
Entrepreneurial method
Entrepreneurship has a little secret, that is: entrepreneurship is a very painful thing, which will make entrepreneurs fidget. The bigger the entrepreneurial idea, the more it will bring lingering pain and make entrepreneurs sleepless all night. Only when the idea of starting a business is gradually clear and shaped can the pain be slightly alleviated. But the troubles, sweat and even tears that entrepreneurs have to bear will not end there. In the painful process of starting a business, entrepreneurs should know the following points in order to make the road to starting a business easier.
Learn from and steal.
Don't object in a hurry, hear me out, not all great entrepreneurial ideas are original. Twitter can be said to be a kind of Weibo, but before Twitter was founded, Facebook was already doing it. Even earlier, people added captions to pictures, which was considered as tweets at that time. Q&A website Quora is a new form of forum. Pepsi-Cola is another kind of Coca-Cola. Wendy is a new McDonald's. IPod is a new mp3 player. Know what I mean? If your entrepreneurial idea, service or product is not completely original, it is not a big problem. Your management style is the key.
directed
Many young entrepreneurs may have 10 good business ideas, but entrepreneurs should only pay attention to one of them. Don't entrepreneurs look like Jack? JackKerouac (the representative of the "Beat Generation" in America) has the same casual style, so don't easily shift your attention from one goal to another.
geographical position
Geographical location is not only important for real estate. If the entrepreneur wants the target customers to know the existence of the company soon, then the geographical location of the company should be selected in the area related to the customer base. If an entrepreneur runs an outdoor products company, it will naturally be located in Tennessee. If entrepreneurs want to compete with the big companies in the industry, they should set up their own companies in small towns that these big companies have no time to take care of.
figure
If entrepreneurs are prepared to spend a few weeks writing a business plan, then I really don't think it is necessary. A business plan should be a table with detailed data, not a manuscript piled up with words. Calculating relevant business data is far more important than stating how you will use social media, all of which will change over time. So pay attention to the data.
achieve a goal in one leap
Don't try to take shortcuts. For example, you can't hire an inexperienced graphic designer just because the salary is low. When the graphic design they submitted is in a mess, you have to find someone to do the job again, so you have to pay twice the price for a job, not to mention the wasted time.
sell
Sales are not equal to cash flow. In the case of limited funds, capital flow is a necessary condition for the company to survive.
Create value
The employees employed by startup companies should not only meet the job requirements, but also create added value for the company. In the critical initial stage of starting a business, capable entrepreneurs will not always consider saving in employing people.
Life planning
Entrepreneurs should manage personal finance and corporate finance separately. Before starting a business, make sure that there will be no problems in your personal life, otherwise it will be difficult for you to succeed. Entrepreneurs can solve the company's working capital needs through loans. Entrepreneurship is for a better life, and life is not for a better entrepreneurship.
advance and retreat
Finally, entrepreneurs should make a good exit strategy, and they can choose to transfer, sell or operate independently. Entrepreneurs must also know when to enter and when to leave.
Money may not make you happy in life, but for some reason, everyone wants to be a rich man through hard work. Starting a business may keep you awake all night, and you will feel very painful for a while, but once the company's business development improves, life will become happier and more successful.
There are many entrepreneurs who often encounter various problems on their way to starting a business. However, to become a qualified entrepreneur, you must learn to face these problems, learn to solve these problems, and learn to accumulate experience in solving these problems, so that your career can develop in an orderly way. In modern times, more and more young people choose to start businesses, including students, graduates and people who have already worked. However, in fact, the probability of successful entrepreneurship is too low. What are the so-called obstacles on the road to entrepreneurship? Here are some problems that should be paid attention to when investing and starting a business:
Pay attention to 1: entrepreneurial perseverance. As we all know, development depends on strength, and entrepreneurship depends on perseverance. There are many entrepreneurs who fail, and the main reason is lack of perseverance. Of course, there are many factors that cause the lack of perseverance. An entrepreneur's low quality, insufficient risk estimation and insufficient market knowledge are an important factor. Lack of support and understanding, lack of ideas is another factor. Impetuousness, short-sightedness and attention to immediate interests are also factors.
Precautions for investment and entrepreneurship: Although the policies related to sole proprietorship enterprises have been introduced, it is undoubtedly a boon for entrepreneurs. However, compared with limited companies, this enterprise form has not been truly recognized by the current domestic economic market. At the same time, according to the survey data, the so-called sole proprietorship enterprises with a penny for a share have different difficulties in setting up in different regions. In some areas, the industrial and commercial departments did not welcome this policy at all, mainly because it was difficult to control and the tax revenue was low, so they gave it up.
Note 3: For most entrepreneurs, capital may be the biggest problem. How many entrepreneurs dare to consider venture capital? Even if entrepreneurs dare to think about it, where is the capital? Bank loan? Although some banks have issued personal investment loans, few people can apply. Without assets and real estate, it is difficult to get bank loans. Of course, if there are patents and technologies, that is another matter.
Entrepreneurs should pay attention to the above three problems, meet the challenges on the road to entrepreneurship at any time, and dare to solve the problems they face. In the process of starting a business, they must be clear-headed and understand the situation clearly. Once they decide to pursue it to the end, this is a wise entrepreneurial mentality. Once they lack patience and perseverance, they will miss success.