Five details that entrepreneurs should focus on

The inspiration for entrepreneurship is the most important part of the entrepreneurial process, which is part of the art side. However, to be successful, to do all the details, and to have the entrepreneurial inspiration is as important as the scientific side. It is difficult to support the ideal of soft arts to move forward without doing the basic work of hard science. In the scientific aspect, the entrepreneur must do the following five parts: 1. Determine the business model of the company. Think about how companies can make money in a solid way, that is, if the company is a retail business, it must come up with a way to make the sale of the product more than the money spent on the purchase of products, but also to successfully control the inventory, to avoid the profit from the inventory expenditure, if the company is an agent, you must come up with a way,　　The buyer and seller are willing to pay for the company's services by looking for both sides of the deal and creating value in the pairing process. 2. To ascertain the adequacy of funds. Because services such as difficult to predict the expenditure, as well as market demand can not anticipate the factors, the actual capital needed to start a business is likely to exceed the original budget.　　Many of the newly established companies are struggling to survive because of insufficient funds, for example, small shoe companies would have been able to get orders from a chain of shoe stores, but because there was no money to increase the production line, the large client was lost. Many entrepreneurs underestimate the time it takes for new companies to attract customers, underestimate the time they have to pay customers, and have no money to pay, but employees pay a monthly dilemma.　　It's a good practice to have at least the cash needed for the company's three-month operation, to get the company through the off-season, or when the big clients are late for payment, without choking off the company's future because of a lack of money. 3. Follow up on daily operating figures. To operate a company without knowing the details of sales, revenue and expenditure, as with the possibility of flying without navigation and at any time a crash, it is necessary to have a mechanism for tracking the number of operations at the outset of the establishment of the company. Entrepreneurs can purchase easy to use accounting computer software, according to the product and customer categories to understand the company's monthly operating conditions.　　Detailed tracking of the comparison figures can make the company easier to see the problem. 4. Close to customers. To successfully set up a company, rely not on the door to bait, the customers cheat in, but to control the situation of the market, to give customers the necessary things.　　Entrepreneurs should start by contacting customers directly, listening to their problems and needs, and continuing to keep in touch with them when the number of customers grows or through phone calls, emails, and so on, even if the company has a preliminary success, do not assume that this part can be ignored. 5. Develop a way out. Most entrepreneurs, especially those who first start a business, can easily take the company as their own life and never want to sell their company. But when it comes to the right time to go public, entrepreneurs should know when to give up, for example by creating Internet companies during the dotcom boom and selling them immediately when they feel the industry is changing. Therefore, inAfter the company, the entrepreneur should study, the industry has those big companies, it is possible to become the company's future buyers or strategic alliance partners, and their relationship, when the company needs, to smoothly into another phase of the company's development.