Management, technology, sales, PR, and so on are required for a successful start-up. The only thing you don't need is money. Or funds are actually harmful.
For innovative businesses, entrepreneurs do not know the right direction and no one knows the right direction. The experts of consulting companies are no exception. Obviously, the key to the initial stage is trial and error. If someone tries five times and you try ten times, the more times the error is, the more likely it will be to hit.
If there is no money at hand, the shift will be fast, and there will be no source of income in one direction soon. Some funds are a problem, and the wrong direction can also last for a period of time. If you go too far in the wrong direction, you cannot return.
The direction of establishment is a trial and error process. Once the direction is established, it is a process to avoid risks. The focus is the meaning of the question.
In fact, there are many temptations in development. It is often insisted that, Not because entrepreneurs have unique ideas, they simply do not have the resources to bet on other fields. So long-term focus on specific areas, a period of time
Then, we naturally created barriers. As for the gains, it depends on the industrial trend, which is not determined by people. If you have funds, you will certainly have other ideas. entering more fields means more competitors and more uncertainty.
Enterprise Operation requires cash flow instead of capital, as long as funds are credited to the customer's account at the time agreed by the customer. In other words, to maintain a business plan, you only need much less money than you think, or you do not need any money at all. If an entrepreneur has accumulated a little money, then he has the business ability.
The invested funds are not free, and interest or return requirements require entrepreneurs to create the corresponding income. It is easy to go beyond the capabilities of entrepreneurs, and some people are really overwhelmed.
The benefit of having a large amount of cash reserves is security, and the cash flow is not going to happen. However, a large amount of idle funds violates the business logic and the original desire. entrepreneurship is a proof of entrepreneurial ability.
There is a consumption problem. Some people think that if there is a lot of venture capital, they can also open a higher salary and then there is a corresponding consumption. Wrong, consumption, even taking into account decent consumption, its
The cost is not much. At least it is a small number compared with the actual intention. Many entrepreneurs are really young and have no consumption experience. If a person cannot earn his or her own salary when starting a business, do not start a business.
There is one problem. Only a few people are interested in enterprise operations and therefore participate in entrepreneurship. Others are interested in the things attached to success. It should be said that most people are pursuing both aspects, but there is a big difference in emphasis. The latter cannot be regarded as wrong, but the probability of success would be much lower if there is a lack of sincere investment in operations.
Indeed, the media is more willing to talk about it. A risky investor with emotional thinking, a young guy in his early twenties, decides a proposition like investment in a few minutes. This is not surprising. Media people have never been businessmen. Similarly, most readers are not.