How to choose the startup Industry

Source: Internet
Author: User

A person who wants to start a business often asks: Which industry should I engage in?
For many people who have a small entrepreneurial ideal, it is not a lack of funds, but a lack of a professional.
There is often a conflict. Those who are engaged in upper-and middle-level jobs in major institutions have fixed income, and usually have an educational foundation. They are more familiar with money-related investment techniques. Generally, such people are relatively idle and can start their own businesses. However, such people do not have enough money to start large companies, but they usually lack practical experience for small-sized businesses.
Another type of people has a small business experience, such as fast food restaurants and fashion stores. However, such people usually lack funds and may not be able to deal with many financial problems.
Therefore, the two groups can usually cooperate. For example, if the other person wants to be the boss of the bank, he can win shares from idle people through the relationship between his friends and friends.
Generally, there are more people who have leisure resources and lack the knowledge of entrepreneurship in specialized industries than those who have the skills, entrepreneurial ideas, but have no capital to start a business, because the latter can choose to start from a small business, however, the former may suffer from difficulties and will never be able to carry out personal business.
A person has a skill. For example, knowing how to unlock a lock does not mean that he should sell a lock. He may not be surprised to create a fashion store. As long as he can make money, he can develop.
Therefore, it is dangerous for some entrepreneurs to take the initiative to join another industry in order to become entrepreneurs.
As a company starts a business, it will have expenses, no matter whether it can make money or not. The initial venture capital may not be able to cope with this long term. Many small startups announce their completion in the case that they are not fully engaged in a professional business.
Therefore, if you really want to start a business and want to be more confident, you must become more familiar with a certain industry and do not do things with imagination, impulse, or ideas. If you wish to devote yourself to a career, you may wish to resign from your own job. You have been working in this industry for a year and a half, and it is not too late to start the business after knowing what you are familiar. Although it takes more time, it is better than spending money after the opening.
Ideally, of course, because a major is familiar, the idea of self-reliance arises. However, it should be noted that not every industry can start a small business, nor is it the right time for every industry to start a business. If there is a career in mind that can be developed, it should be put into practice. The implementation step is not to start the business immediately, but to first collect data and make preparations.
If entrepreneurs are well prepared, their confidence and strength are naturally high; otherwise, they are easy to get discouraged.

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