Entrepreneurship is a process of mining and mining!

The first big pitfall is about focus!

 

If we focus on this matter, almost everyone is reluctant to admit that they are not focused. This is because we often focus too narrowly and concretely. Few people say that they do not concentrate on their work when writing solutions or meeting meetings. If so, you cannot focus on them. This is basically a waste of people.

 

For entrepreneurs, the focus should be more macro-level, for example, focusing on one industry or field. When I started my business in, I worked on an old job, Marketing Planning in the real estate field, and earned a lot of money. One year later, I felt that I had good experience and qualifications in the marketing field. I partnered with my friends to build a brand of agricultural and sideline products. Facts have proved that this kind of thing involves both energy and delay, and cannot exert its own expertise at all. After a very painful experience, I decided to look back, but missed the best year of the industry's development.

 

Therefore, I often say to my colleagues that you should not change your business easily or give up your professional fields. At present, this society has too many temptations and too many opportunities. It is very helpful to start a business if you stick to your own industry and fields. My entrepreneurial orientation is to focus on the industry. If it has nothing to do with the industry, it will not earn any more money.

 

The second big pitfall is the partner!

 

In the early stages of my business, I was superstitious about my major. I could be a partner only if I was a professional person, or if I was more utilitarian, I could be a partner if I could help my company make money. My God, I have filled in this big pitfall for several years.

 

In the beginning, viaoxian started to invite some great gods to come over. After the honeymoon period, the great gods will inevitably look light and start to compete with each other, finally, I put all the conflicts between the great gods in my office. It is said that it is easy to give away the gods, but the true meaning is that it is easy to send out, but it requires that you do not turn your face, do not dig corners, and maintain the reputation of the industry, this is a painful experience for me young.

 

In the later stages, I learned a lot. On the one hand, I no longer believe in the so-called major and great gods. On the other hand, I don't easily define who is a partner. After a while, those who can integrate with the company in various aspects and make great contributions to the company can become partners.

 

The third challenge is equity!

 

Speaking of equity, it is definitely the most expensive. This pitfall is similar to the one above in many aspects, but I also want to remind entrepreneurs that equity is the biggest and most important asset of the entire company, do not sell shares. One feature of equity is that there are only 100 in total, not many. If you leave 5, you will lose 5 and you will never return more.

 

My previous practice was to give some equity as long as a person can do a good job in the company together. Given the offer, we find that there is not much equity in our hands. When there is really a suitable talent, it is almost impossible to get some back from other people for allocation.

 

The fourth challenge is the management mechanism!

 

When I first started my business, I thought everyone was a brother and sister, and I was in the same kind of affection. In terms of management, we should discuss things together and vote on them. But in fact, the result of this is that there is no way to make decisions for major events, and there are always people who are not satisfied with the decision-making, and no one is making decisions and pushing each other.

 

At the early stage of entrepreneurship, authority is necessary. As a major shareholder and General Manager, on the one hand, we must bear the pressure of decision-making, and on the other hand, we must never overestimate the feelings of other partners on the company. Due to incomplete information and distribution of benefits, democracy often brings about disasters in the early stages of entrepreneurship.

 

The fifth big pitfall is the face!

 

As an entrepreneur, everyone starts a company in partnership and is the general manager. Every day, there are many problems to solve and the pressure is very high. In this process, we often have the illusion that we are the General Manager and have worked very hard every day. Then we must take care of our own emotions and have a very thin face.

 

This is very dangerous. In the company, everyone will feel that, as the General Manager and major shareholder, you should be under such pressure. Outside the company, everyone does not know the pressure you are under, in addition, I am not willing to speak out in the company for my own face. Then it will accumulate until it is unbearable, and the consequences can be imagined.

 

My suggestion: in the face of huge difficulties, I need to put some mud on my face and paint my face thick. I should ask for advice. Please, please, please, identify the error. This practice is conducive to the harmony of your own body and mind, the harmonious relationship between colleagues, and the effective use of external resources.

Entrepreneurship is a process of mining and mining!