Time is the core resource of entrepreneurship

no dream, no sail.

When The dream awakens the enthusiasm, when the enthusiasm burns for the passion, the entrepreneur does not want to wait for a day, wants to act immediately. Do you need any special preparation before the action?

entrepreneurship needs to be prepared, but it is difficult to prepare well beforehand. The longer the journey, the harder it is to plan your trip beforehand, and the more difficult it is to start a business.

entrepreneurship is like driving away, there are many things to prepare for before you go. For example, to ensure good condition, with good clothes food, download a variety of tips online, advance booking along the way hotels and so on. However, when you come back after the return of reflection, there will always be a lot of emotion. such as should be put on off-road tires, food belt too much, 5A Scenic area is very common, lost in the scenery more beautiful and so on. The people who have learned to summarize their own harvest, advised friends self-driving travel with the good, and then a guide was born. Over time, the new face of the vast raiders, the heart will be more confused: ready to prepare the truth, not ready to have the truth. So prepare or not ready, to what extent. Is still a confused of trepidation.

entrepreneurship can also be very simple. Have a dream, don't look at the Raiders. Pack your bags and take them with you, almost on the road.

entrepreneurship requires a lot of things, but only two are necessary: time and talent.

if the two must abandon one, leave only the time.

time, an indispensable core resource for entrepreneurship. For entrepreneurs, time is the only non-renewable resource that determines the survival of a business.

time is of value. Someone who is busy earning $ dozens of a day is not a bargain for a few seconds to pick up $100. Measuring time value can also be simple:

time value = length of time * unit time performance

Piano training 500 yuan per hour, 2 hours worth 1000 yuan. The system Architect has a monthly salary of 50,000 and a year of work is 600,000. This is a very simple truth, but how to use the limited time in the most valuable place, this is the entrepreneurial team faced a great challenge.

time, there are levels.

The first tier is the entrepreneur's time. The entrepreneur's own time is precious, the entrepreneur says, I work very hard, only sleeps 4 hours every day, the time management is very good. But don't forget the length of time, just a factor in determining the value of time. Entrepreneurs do not eat or sleep, only 24 hours a day. What really determines the value of time is not the length, but the unit time effectiveness.

perhaps to our own surprise, the majority of the entrepreneur's time, are used in the wrong place, the performance is extremely low. Not only entrepreneurs, but also the managers of successful enterprises. It is not difficult to prove this, just to record the time. Don't think about what you did afterwards, find someone else to record your day's schedule. In the face of real record, everyone will be surprised, since the busy day, the real value of things do not do much, most of the time is very inefficient. Entrepreneurs are sensible, out of the first step of recording time, the second step behind the analysis of time, the third step to reschedule time is logical. These three steps are all about the time management of Bruker.

The second floor is the industry time. Entrepreneurship needs opportunity, it is actually the industry time, or time window. What time is appropriate for what, and the Times. Early, no, late, no, fast no, slow. Industry time is not controlled by the entrepreneurial team, only to know and follow. Simply speaking strategy, not easy to grasp. Strategy is the right thing for a team to do, and it's not just a matter of being out of thin air, it's always about the age of the entrepreneur. Car civilization mature and AI development, automatic driving is possible. The popularity of smartphones has the opportunity to change the lives of Chinese people. Industry time may be long, such as the early Chinese Internet industry, there is enough time to try to wrong and adjust. Industry time may be very short, such as the current net red economy, ups and downs in a twinkling.

If the industry time dislocation, the entrepreneurial team to try again is in vain. Close to the time window, in tune with the Times, this strategic level of control, said very empty, it is difficult to do. If there is a problem, the whole business will be zeroed out. A recent video is very hot, is the bat Big three in 2010 of cloud computing prospects of different views. Not because the cloud is hot now, think Ali more eyes. Can only say Ali at that time, stepping on the cloud computing industry time. By vision, or by luck, seize the industry time, entrepreneurship has the hope of success.

The third tier is team time. The team's time value is not equal to the simple addition of the team member's time value. The most common complaint of the entrepreneurial team is that people are less efficient and more people are not. Why this is so, the truth is not complicated. The team is composed of many people, the team to do things, must first pay time for communication. Communication itself does not bring real value, if after the communication, there is no obvious increase in efficiency, can not offset the cost of communication in advance, it is inevitable that the more people more efficiency lower.

How to improve team efficiency, so that their 10-person team, than 20, or even 200 of the peer output is high, become the key to measuring the efficiency of the entrepreneurial team, but also the founder in the early stage to play the greatest role of the place. The so-called management team, the ultimate management is team time.

The fourth floor is the time of death. There is an optimistic saying that entrepreneurs have only two days, a start day, a successful day. There is also a pessimistic argument that entrepreneurs have only two days to start the day, a failure of the day. Entrepreneurs can not be pessimistic, pessimists do not start a business. But entrepreneurs need to figure out how far away their careers are from death. There are many factors that can lead to death, in the final analysis, the time the team disband, the time the industry survives, and the time that the entrepreneur himself can persist in extreme situations. The unknown dies, and the knowing is born. The most extreme situation has been taken into account, there is nothing to pass the hurdle.

There are entrepreneurs who will strongly doubt that time must be important, but the talent should not be more important.

Indeed, talent is an essential resource for entrepreneurship and an increasingly scarce resource for this era. The importance of talent to entrepreneurship is almost a topic that is not necessarily discussed.

personnel, to ensure that the effectiveness of the unit time. The more high-end talent, unit time efficiency is higher. However, there are two variables. One is the ability of talent can play out, if not come out, high-end talent time efficiency and low-end talent no difference, but low price. Another variable is the length of time. If the core staff is not responsible for the job, or suddenly leave, it will bring great risk to start-up enterprises.

talent, first and foremost, is cost, and its value must be demonstrated through time. Therefore, talent is very important, but time is a more core resource than talent.

And entrepreneurs will question that time and talent must be important, but shouldn't capital be more important.

Indeed, capital is an indispensable resource for entrepreneurship. There is a problem with capital, and entrepreneurship is struggling. No matter before the bat, or now the TMD, who did not have the capital to burn too. But, why is capital important, not because of other, just because capital can exchange talent, in exchange for time.

Capital does not bring direct value, and the bank deposits more money, but also the emergence of Apple and Huawei. Only in the hands of entrepreneurs, in exchange for talent and time, capital can shine. Therefore, capital is very important, but time and talent are more core resources than capital.

entrepreneurship needs a lot, and entrepreneurship doesn't need much more. The core resource of entrepreneurship is only time.

This article is from the "Drucker's It Followers" blog, so be sure to keep this source http://wenrong.blog.51cto.com/1945908/1882963

Time is the core resource of entrepreneurship