7 key elements of the success of a start-up

Entrepreneurs are looking for success every day, what is the secret of success? We cracked the 7 qualities that entrepreneurs need to have before they invest in entrepreneurship 1. A strong sense of time here contains two meanings: one is to choose the best time to launch your business. This requires a balanced range of factors to come to a conclusion, for example, your industry's emerging and decline, the competitor's failure or success, venture capital adequacy, your personal situation (for example, just have a child, it is not suitable for immediate entrepreneurship; If you plan to have children within three years, you can immediately start a business); The second meaning refers to whether you have a complete business plan and whether you can take a critical step to put the plan into practice. But why do so many startups fail? Because they only focus on the early development of the enterprise, lack of innovation ability, enterprise development will be stalled. 2. The clearest budget the common mistake of many entrepreneurs is to think that if they have a large sum of money, they will put it into the operations of the company, ensuring that the funds are sufficient to cover all the expenses. This is an extremely stupid and erroneous idea. For a start-up, the most important thing is to spend every penny in accordance with a previous budget. If entrepreneurs themselves are not good at budgeting, they can hire professional financial staff. Most entrepreneurs belong to the macro "thinking, not good at digital computing, the situation is also a smattering of business." However, in the actual operation of the enterprise, each sum of money needs careful calculation clearly. The future investment and development of enterprises should be based on budget. 3. Self-discipline we have to discuss not only the financial issues, but also to emphasize that entrepreneurs should exercise self-control, of course, strictly grasp the budget must be done. Especially in the start-up stage of the enterprise, in the management of all aspects of the need to establish strict discipline. Our advice is to set goals for the day, week, and month ahead of schedule, not just what the business is going to do next hour. We often say that to balance work and life, we do not recommend that entrepreneurs ' lives be overwhelmed by entrepreneurial work. Entrepreneurs need to have a clear idea of when and what to do and force themselves to accomplish the goals they set. It is better to finish it two days in advance than to delay it. 4. Strong social communication skills if you and your team have the opportunity to meet important people in the industry, celebrate it, because you are so lucky. You've got a lot of people's dream opportunities. If there is never a chance to meet, entrepreneurs need to persevere in their efforts to make a point in the industry, to find all the opportunities to contact and cooperation with important people. In addition, the start-up enterprises not only to cultivate and maintain the old customers, but also to develop new customers, and constantly stimulate enterprise vitality. 5. Flexible entrepreneurs have paid a great deal of effort from business opportunities to building business models, but it is difficult for most people to accept the reversal of previous plans if market conditions change. And a good entrepreneur must have a strong adaptability and flexibility, according to the market and customer needs, constantly adjust their business plans to accept different ideas,Brave to accept all kinds of challenges. 6. The importance of capital venture capital is self-evident, with less than 50,000 US dollars and millions of dollars to run a project. However, people acquire entrepreneurial capital in different ways, have their own savings, family help, angel investment, SME loans and so on. Entrepreneurs need to find the most appropriate form of financing for business development. 7. Perseverance even the most creative, the most complete business plan, if the entrepreneur lacks perseverance, professional skills and knowledge, the determination to lead the team struggle, all is just empty talk. At the end of a day's work, it's much more important to sum up the work and loss of the day than just know what to do. Entrepreneurs accumulate a wealth of practical experience in their field, and each day with their partners to carry the goods up and down the look of a disgraced, record the entrepreneur success on the road the most precious image.