Entrepreneurs need to avoid the misunderstanding: want to get rich and turn hobbies into business

We are all looking for good business success tips. But what if it tells you the secret of the fiasco?

Why should we understand the path to failure? Because you may not realize that you are already walking along this path, at least to some extent. If you know what to avoid, you may be able to save your business in time.

I've analyzed all the founders and all the companies I've known, worked or mentored over the years, and summed up six big fiasco tips. If you can avoid these, your http://www.aliyun.com/zixun/aggregation/9666.html "> chance of Success will increase significantly."

1. Want to get rich overnight.

You see a trend, like a 10-year-old web design, and you immediately get into fashion because it looks great and can make you rich quickly. Either you put your money on a promise to make millions of of projects or coaches in a few short months. None of this is possible. The idea of getting rich quickly rarely becomes a reality, and never has 17812.html "> sustainability."

So how do you take advantage of those trends? What about the hot topic of social media? Isn't that a good chance to make money? Some people make money-people who are passionate about social media. And everybody else will fail.

Once you follow your passion, wealth--or even a lot of wealth--will be created slowly. When you really start making money, you will lead the trend instead of following the trend. This is the right way to get rich.

2. Redouble efforts in the downward spiral.

You're in a bit of trouble, so you decide that it's best to figure out a way to squeeze in more than one hours a day to do more. When this effort fails, you start thinking seriously about cloning experiments and trying to squeeze in more time to do double work. Just stop. Most entrepreneurs fail because they are more hardworking than smart.

Instead of asking yourself how to squeeze in a few more hours during the workday, ask the question: How can I spend 10 hours building a system in the next few days to get this done in 10 seconds? The unsuccessful entrepreneur is almost always exhausted. Successful entrepreneurs have a sustainable system that not only allows them to do more in less time, but also as the infrastructure needed to expand their business.

3. Focus on weak points.

You have a few "problem" customers who take up a lot of your time and energy and procrastinate on payment, so you decide to do something about them to build a better relationship. Don't do this. The effort to repair weak or challenging relationships will make you less able to take care of your best customers, which means that eventually all customers will be unhappy. Let's face it--those tough customers will never be happy with you. My first business was really a leap after I gave up my weakest client and spent my energy nurturing a relationship with a solid customer.

4. Look at the total income of the company.

When you look at the income statement, if the total income is good, you will think you are doing a good job, because you are concerned about the money flowing into the company. Wrong! If there is no operating cash flow in the end, the total income is meaningless. You have to think about how much money you have left in your hands. I know many entrepreneurs will say they have millions of dollars in projects, but they end up losing money. I also know that some entrepreneurs do 15,000-dollar projects and earn 10,000 dollars.

Consider this analogy: suppose we compare entrepreneurs to fishermen, and unsuccessful entrepreneurs measure the success of a day by how many fish they catch. Successful entrepreneurs are measured by how many fish they have.

5. Focus only on wallets.

You're always thinking about money--how much money you can make from a customer, or how many rich customers you can introduce to you. It's wrong! Every time I see an entrepreneur who is calculating how much money I can make, I know I can find a weakness in them to weaken the company's performance. Your focus should be on doing your best to help your clients. Did Jobs (820.html ">steve Jobs") consider money when developing the latest products that are inextricably linked to our lives? I think what he was thinking was, "How can I make a product that has the greatest impact on society before I die?"

6. Turn a hobby into a business.

You can use the most original materials to make great pasta sauce, friends think you should put it in a bottle to sell. Wrong! Start and develop a business you need passion, passion, you get up early in the morning because you can't wait to do something. You'll do it all day, fall in love with it, even when you're exhausted and you don't have the strength to tie your shoelaces. It's not a hobby. Hobbies are the release of energy, and passion is the creation of energy.

Of course, there are other ways to fail, but the above approach is simple and easy to do. As long as you can strictly follow, to Christmas your business paramilitary finished.