10 realities and risk self-assessment of entrepreneurship: inventory Your Own network

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Deciding to start a business is a big decision, because entrepreneurship requires mastering a number of skills, and lifestyle is also influenced by entrepreneurship. However, there is no ready-made standardized test or mandatory certification to help you determine whether you are the right person to start a business, or whether it is right for you. In addition, the MBA or other academic credentials are not used as a standard of judgment.

So all you can do is use some self-assessment tools and follow the Carolroth's newly created "entrepreneur Formula", which highlights the personal qualities and skills necessary to start a business. I hope that one day there will be a more formal certification of entrepreneurs, just like lawyers, accountants have to pass the certification of practitioners.

Before this, I suggest that the entrepreneur is not yet deep and easy to quit before, for their own entrepreneurial dream, think under the carol proposed 10 entrepreneurial reality assessment:

1, the rigorous evaluation of their entrepreneurial motives. Feel like work is boring, want to get rid of the boss's torture, or eager to show a hot technology? These are not legitimate reasons to start a business. But if you focus on solving a realistic problem, believe you can be a good man, and have a number of professional self-confidence, then you have the right entrepreneurial mentality.

2, entrepreneurship means to serve a number of bosses. When you start a business, you are no longer under control. But maybe you don't have the freedom to dream. Entrepreneurs will be under the control of their clients, investors, creditors and need to deal with these "bosses" at all times.

3. Evaluate your team spirit. Many people dream of starting a business to escape from annoying colleagues and bossy bosses. But entrepreneurship has to deal with more people, including accountants, lawyers, clients and team members, so entrepreneurs need to be good at communicating with people and have strong interpersonal skills.

4, take up their responsibilities. Running a company is like raising a child, and it's a job that works day and night. Your family or life will be affected if anything happens to the company (including income loss). Keep in mind that entrepreneurs are responsible for the business.

5, look at their own management capabilities and industry background. The ability to manage employees and suppliers is a skill that entrepreneurs must have. Entrepreneurs also need to be familiar with the industry and beyond. Working experience in a similar company before starting a business can help.

6, inventory their own network. Business management is not what you know, but who you are. Good networking is crucial in helping entrepreneurs get generous financing from investors and lenders and get better prices, terms and conditions, and more professional services from suppliers.

7, frankly deal with their relationship with the funds. Don't dream of starting a business that changes your relationship with money. Entrepreneurship requires capital and sound financial management. Do you have a panic about the company's operating expenses, or do you need to do anything to prevent a financial crisis?

8. Evaluate your personality type. If you are a person who enjoys stability and control, or prefers to step in, the ups and downs of entrepreneurship may not be right for you. Every start-up enterprise will have a rise and fall, at any time accompanied by accidents.

9, review the market and their competitiveness. To establish a corporate brand and to seek investors, you need to understand your competitive advantage. Any competitor, good or bad, will have an impact on the company's business success.

10. Test the scale development potential of the enterprise. Successful enterprises depend on the degree of operation Automation and management authorization. Can you teach your employees to do their jobs? If the company's development depends on the entrepreneurial mind and skills, then you may have a successful job, but not a successful business.

Don't look too negative at the above entrepreneurial reality assessments, but keep in mind that the risks are great. Statistics show that start-up companies in the first five years of success or failure rate of up to 90%, which is that many entrepreneurs have encountered many unexpected things. Starting a business means investing your valuable time, money and energy.