Fatal Traps On Youth Entrepreneurship

In the course of starting a business, there will be problems like this or that. If faced with a problem, if it is not properly solved, it may be dragged into the abyss of failure. Here are some problems that may cause you to fail in business.

1., lack of preparation before starting a business: because entrepreneurship is a risky business, if you fail to position yourself well before starting a business, you can't make a correct judgement of the development of the enterprise and lead to failure.

This includes pre market analysis, competitor analysis and analysis of its own advantages and disadvantages.

2., there is no guarantee of adequate cash flow: many entrepreneurs, especially technology companies, are often moonlight owners. There are few liquid funds on the books, which can cause several problems.

First of all, at the initial stage of the company's establishment, it was too generous to think that the cash in the account was abundant.

Secondly, in the course of the operation of a company, it is urgent to expand with surplus, which makes the capital accumulated by instinct dissipate in the process of expansion.

These problems make enterprises do not have sufficient cash flow, and directly cause enterprises to resist risks.

3. did not engage in the most correct areas: right or not, only you know, not that others have done that industry successfully, it proves that you do this industry is correct.

At any time, we can not echo others' opinions. This is exactly what our young entrepreneurs often do.

According to their own past background, at least we must be proficient in one industry before we can start a business.

Of course, the industries chosen should be chosen according to the national policy inclination and the general market direction.

4. blind agent products: when it comes to this point, it is estimated that many people will agree that basically 80% of entrepreneurs have had the experience of agency.

Usually, the channel manager of these manufacturers will describe a very bright prospect for you. The purpose is to let you purchase and become an agent. When you become an agent, you will start to store goods. For example, if you have sales tasks, or how many goods you have, you will have discount and rebate. Until the final goods are distributed to the agents, they will not care whether you can sell them or not.

Acting is the taboo of starting a business.

5. blind expansion: this has been said before, but it should be raised separately.

Then what is not blind expansion, that is, when your cash flow is normal enough to sustain your expenditure for more than half a year, you can choose to expand, and this expansion is still no way to expand.

In other words, you have too much business, so you can only consider expansion when your current venue and personnel are unable to meet the demand.

6. sacrificing immediate interests for development: this may seem like an advantage, but in fact, excessive pursuit of long-term development can lead enterprises to die unintelligible.

Because not all entrepreneurs have a big daddy strong backing.

When you do not have enough strength, survival is often your first consideration. If you have to survive, you can go step by step to a higher place.

So unless you have or can find a strong backing, face the reality, step by step, and let your business survive.

7. blind diversification, no specificity: for the micro enterprises that just started business, blind diversification will often become the culprit of killing enterprises.

Remember at any time, when a project is stable, develop the next project, and don't easily disrupt your original project because of a new project, because you have a foundation and a foundation.

8., we must not adjust measures to local conditions and act according to circumstances. Now it is very popular to read books of management, inspirational and training, and there are endless books in the market.

However, there is a common failing in these primary and experience.

They are all right, though they are right, but they can not be customized according to your circumstances.

Therefore, according to local conditions, according to your own market and environment to analyze, act according to circumstances.

9., we have not done well in the work of outreach: in this era, it is no longer your time to succeed.

More and more cases tell us that you need to expand your personal connections, business circles and government.

What many entrepreneurs do every day is to deal with the internal affairs of the company, ignoring the handling of external relations, leading to the emergence of potential crises.

10. all problems want to be solved with money: when money is large, both internal and external problems can be solved by money.

There is a problem inside. Everyone goes to dinner to improve their morale and to give bonuses to motivate the team.

Business problems, advertising, mass recruitment sales.

In fact, using money to solve problems is a temporary solution and a paralysis.

If you have money, you can not spend money. Entrepreneurs are not afraid of money, but they are afraid of money.

Deep understanding of this sentence, you will have some insights.

Summing up the above problems, you will find that there are many pitfalls on the road of entrepreneurship. Don't be self righteous. Do not be afraid of difficulties.