How do you manage an Internet startup project with 10 million dollars?

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There are 10 million start-up funds borrowed from Dad, understand computer technology, what kind of Internet entrepreneurship project? This is a matter of knowledge, and the questioner has just graduated from university for more than a year, and the team building, project start-up, financial system can be said to be ignorant:

Background: My domestic computer professional ranked top three university graduates for more than a year, computer professional, this year in the first three of the Internet companies to do technical development, to engage in Internet entrepreneurship, and father (engaged in industrial) borrowed 10 million (has been to the account, Father does not allow me to do the investment, he said need to do practical work, Lost the return to his company good work, I am not interested in his company business, he has been trying to let me go to his company to exercise, I wrote a promissory note to him unilaterally, before I wanted to do a mobile social, Internet education Program (with a project plan, and all the plans for my father, who said he didn't know the internet and felt that two options could be tried. He had read it to his company's management), and he gave only one caveat: Don't break the law. But when you get the money, you don't know exactly how to do it, such as team building, such as project start-up, such as financial systems.

I rely on my own examination of the university, but also rely on the campus to recruit their own domestic internet companies (bat in the job), no need to rely on the relationship to find a job. I don't like my father's business, nor do I want to inherit his estate.

Wu Yuke (Amos) with his own experience of failure to start a business, made a wonderful answer:

Start from scratch, high starting point, low posture

I experienced a similar situation to you two years ago, although not the Internet. So I'm going to give you a little help and inspiration by talking about what I thought and what I'm doing.

Time back three years ago, when I just returned home, first in the company to work for a period of time, after a year of work for a variety of reasons left the company. At that time I have two choices, one is to find a job, work, and the second is to open their own company. Considering for a long time or decided to start their own company, the reasons are as follows:

I think the entrepreneurial must be to stay up late, and so old I can not boil. If I go to work in the company, repeat the same work year after day, I'm afraid my passion and momentum will be killed. Going to work can only touch one aspect of the company's own responsibility, and open a company can fully understand all aspects of the company's operations. Can learn to integrate better and faster.

I can ask my father for money, so the hardest piece of funding is not a problem for me. Conditional high starting point into the society, I do not start from a part-time job. So I began to stroll around the streets, every day about Friends tea chat, pay attention to the news of all walks of life, began to find projects ready to open.

The project I'm looking for is housekeeping. That was the thought: the amount of investment was small, and at that time an estimated hundreds of thousands of should be profitable. The market is promising. At that time the investigation of the domestic companies are shouting hands not enough, each to the external push business. I think now the people's living standard is high, home to ask a domestic household what is certainly the inevitable trend. I think housekeeping is mainly about people, and at that time I think it should be the most important skill to manage people, which companies can use. Doing home economics will have a large number of opportunities to deal with socially disadvantaged groups, so that I can see more listen to learn more. Do not sit in the office all day, can force me to run more customers, more than parents. Unlike investing, real estate, and government projects, it takes a lot of networking to take a big risk. For just entering the society, this is an industry that is immersed in the work.

After investigating the market, I feel that there are many deficiencies in the domestic market, there are a lot of ideas and thoughts about improvement to try, feel the opportunity. After I identified the project, I found a partner, and not a good one. We started recruiting, finding offices, registering companies, acquiring equipment, developing markets.

A lot of things happened during the period, there were happy, but more frustrating and even angry. Many times you have a deep sense of frustration and powerlessness. Just one months ago, I announced the dissolution of the company and all the investments were made. I've failed, but my way of thinking has changed a lot:

• I am aware of the gap between myself and 40-year-old businessmen, negotiation, experience, bargaining, quality, focus on the grasp, in front of them I tender like a cabbage. They may not be able to install apps, but as a family breadwinner, they have a commercial sense of smell that I can't even catch.

• The importance of personal energy management and time management. Stay up late in fact not good, long time to ensure their state and maximum efficiency is the correct approach. You can exercise, live regularly, pay attention to the curve, use GTD and tomato work, and so on.

• The importance of teamwork and talent. There is no perfect individual, but it is possible to build a perfect team. Working together with a cohesive team, exchanging new ideas with intelligent and energetic colleagues every day, and working together to make the vision in mind a reality. When you have such a team, you will find that once you can not imagine, will gradually become a reality.

It's good to be a boss and an employee. The boss can build the company system and culture according to his own ideas, but be responsible for everything. Being an employee can focus on the job at hand and worry less about a lot of things that you don't need to worry about. More importantly, the boss's income depends on the company's benefits, employees can talk to the boss about salary bonuses, who are more who less. The Division of labor is different, the choice is different, the two actually did not compete.

• The company spends more money than expected. Unless you have a good financial help you stare at this I recommend a book to you a company, see you how tube.

• When you start a business, money is not what you need to prepare. Because of the experience, ability, product, team, investors will come in droves. Hot money everywhere, but you are unique, when you and your team accumulated countless experience, become a symbol of wisdom and victory, this is no one can take away the wealth of it.

From the dissolution of the company to the present one months, I visited some distant friends, made a copy of his resume, finishing the past year's gains and losses and analysis of the reasons for failure, read a lot of books on the list to look at the books, saw a lot of hard drive in the new film, reported a piano class, a good enjoy a bit of life.

But not long ago, a company contacted when the supplier found me, I hope to work with me to open a day cat mall, his factory in the inventory online sales. Because he felt that I have the drive, the idea, can insist, is a person who is worthy to entrust, so I heard that my company will not open to find me. And lately I've been an apprentice in his factory, starting from scratch and understanding the entire production line.

Back to your question, with 1000w, how to start a startup project.

My suggestions are as follows:

1. As I did, list what you think. Why do you choose this project? This will help you to stay in the middle of the business process.

2. You need a team, a capable core team. Ability means that a particular business ability is better than you, the core meaning is to give very low wages can be determined to work day and night and you, because you want a big future, not the current preoccupied. At least one such partner or what I call a comrade, you can help each other to encourage each other.

3. Affirm your value and believe in the meaning of what you do. You have 1000w, do not steal not to rob Aboveboard dad gave, not to pay taxes. You have just graduated from college, so what, Zhuge Liang did not bring soldiers before the battle. It's worth affirming that you want to start a business instead of eating and drinking and gambling and wasting your time.

4. Don't rely on your father. Other than money, don't go looking for him any more. Others give us will not cherish, others help to do good we can not feel the value of other people's mistakes can not help us grow. If you want to do strongly a little, from the inquiry start, step by step to do their own, first waste time and then waste money. Remember, from the moment you leave your father, all you experience is yours, a priceless asset that no one else can take away.

5. Manage your money. The entrepreneur's grasp of property should be accurate to the point, the smallest unit of money. Forget about your 1000w, and don't mention your money when you ask someone. To be a boss is to be like a shrewd and stingy pauper, through the action to tell every employee, we have to save the expenditure can be cut every coin. Public accounts and private accounts to separate, once you have "I have 1000w, waste a ten thousand or twenty thousand of what" this idea, I tell you, and so back to God, your pocket will be left with a few coppers. Your employees, customers and suppliers must be more ruthless than you waste.

6. Start from scratch, high starting point, low posture. Put away your brand and temper, and your fashionable hairstyle is shaved. The principle of investment is not how much revenue can be, but the failure can not be guaranteed. If you have not experienced, rejected, stayed up, and sweated like rain in the sun, you will lose a lot of money in the entrepreneurial journey, which is 99% more likely to fail.

7. Concentrate on your work. As I identify whether the aunt is seriously working the way, is to see her in the work is to concentrate on the cloth or look at the beginning. Be attentive to the things at hand, and the opportunity will come to you.

Finally, I would like to say that in fact, there are only a few experience and experience. Entrepreneurship needs our continuous learning, summary, and progress every day.

PostScript

Did not think of an entrepreneurial failure of the reflection can be in a few days to get so many friends of approval and support.

is also misunderstood by some people as Gaofu B entrepreneurial game, in fact, our family can only be regarded as a happy but ordinary well-off, mother gentle virtuous, housekeeping Youdao, Dad's wide interests, many friends, they are the most important in my life two mentors.

Many people ask me the reasons for failure, the internal and external add up there are many in fact, but back to the root of my own personal ability is not enough to make the most correct choice or allocate energy, time. Now I have more understanding of some foreign school MBA application qualifications for at least five years of work experience advice, first from the community to learn what is called reality, and then go to school to make up their own short board.

Entrepreneurship is a realization of self-worth process, in the process, the human potential will be stimulated, shortcomings will be magnified, the feelings between people will appear to be precious. At every stage of the company's operations, the founders ' focus will change frequently. Slow down at the right time, do a bystander review of your company, and then more targeted to implement. Although the chance of failure as high as 99%, but efforts to have a 1% chance of success, without effort, even the tiny 1% did not.