What entrepreneurs need

This is a reference for venture capitalists:

If you have the idea of starting a business, you need to look at the nine qualities that successful entrepreneurs must possess in order to take a step ahead of others:

1. Positive motivation

We often find that some people say they want to start a company or start a business, but they do not have a vision to start a business. This is definitely not enough. The most successful entrepreneurs must be passionate about changing the world. The entrepreneurs I came into contact with who can start one business one after another. They all have a passion for changing the world, and they have a clear vision for the company. The desire to create a company is by no means a simple motive (such as the desire to start a business). It is absolutely difficult for start-ups with such a corporate culture to survive. Start-ups need foresight, passion, and confidence that they can change the world. I promise that if you build a great company, the return will surely come.

If you don't have any idea or passion, I suggest you study and work in some companies for a while. Learn how to guide an engineer team, learn how to motivate and manage employees, and learn how to turn a concept into a real product release. This is also an opportunity for you to expand your social network. When appropriate, you can easily start your own projects and build a startup team.

2. foresight

As a risky investor, my first job is to see them clearly when the enterprise model is not clear. I will observe what happened from a macro perspective, and then select the right direction for investment. Good entrepreneurs not only have the ability to see opportunities, but also the ability to clearly understand the market model when others are still vague. The opportunity lies in the fact that others are aware of the pattern. Once you see it clearly, everyone can do it. Ambiguity is sometimes a good thing. in chaos, great enterprises can often see the future clearly.

3. Strong belief

At the beginning of the business, the idea was just an idea, and nothing else. But all the founders should have faith and believe that their ideas are correct. They cannot have doubts about their own ideas. Otherwise, followers may have doubts, and they will not be able to identify the follow-up founders. Once you start a business, if you have some questions in your mind, it will be difficult for you to organize a good team to move forward with you. You need to show your beliefs to others to trust you, and your team will succeed.

This is a major obstacle for entrepreneurs to overcome. For entrepreneurs who only have passion and understanding of the enterprise model, they also need to explain to people what they are doing. You must be like a evangelist, clearly describe your thoughts and beliefs. Because you want the company to succeed.

4. Grasp details

When I started my business, many people would say, "How should I perform market analysis when the market has not yet appeared ?" In my opinion, when you invest time, energy, and honor in your own business, you need to know that you have invested a lot of money. Before that, you need to do your homework: You need to know what competitors are doing, how big the market is, what obstacles you need to overcome before success, and why you can succeed.

If you cannot grasp these details, why did you succeed?

5. Set the table Rate

Not all entrepreneurs are great leaders. People who only talk about strategy and goals are generally superficial leaders. A good business leader can play a leading role: if you leave the company the last one every day, and your employees work overtime, your company will soon be killed. But if your team sees that you are harder than them, they are willing to work together with you to make the company better.

6. do not compete with the team

Successful entrepreneurs must remember that your success is not "you", but the success of the team. Find good people, give them enough trust, and acknowledge their success. Never compete with your team. Great people want to work with great people. If you just want a mediocre company, find a bunch of common people and take a nap.

7. solicit opinions and make a decision

The most successful founders tend to be able to take others' suggestions on key issues and make the right decisions. "Both listening and listening are dark." A great CEO asks for opinions from different perspectives, processes the collected information, and makes a decision. The most important thing is to select the correct information from a lot of related information and make timely decisions. Another point that needs to be understood is that "not making a decision is also his decision ". No one is always right, but it is important to make a decision. If it is wrong, it will be solved as soon as possible and then proceed.

8. Enterprise Vision

I have seen some amazing results in many companies. The founders and CEOs of these companies have penetrated their corporate visions into their employees as a corporate culture. John Macfarlane, founder and CEO of Sonos, is one of them. He wants every room in a house to be filled with music, And he wants people to enjoy music wherever they are in the house. He has hired many talented people around the world, who come simply for John's promise of vision.

9. Never give up forever

Last but not least, it is cheesy, but practically, that is, Persistence: Always, never, never give up.